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Showing 31 - 40 of 294 results for %22Quality of Advice Review%22

Insignia consolidates further, creates Client Wellbeing arm

JAMIE WILLIAMSON  |  THURSDAY, 24 AUG 2023
... Financial will now consolidate its client engagement teams to create a Client Wellbeing division as it prepares for the post-Quality of Advice Review world. Within its FY23 results update today, Insignia announced its refreshed strategy which includes ...

Treasury kicks off managed investment scheme reforms

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... certain assets be excluded when determining an individual's net assets for the purposes of the individual wealth test. The Quality of Advice Review highlighted issues with the wholesale client financial thresholds, claiming they were too low and that ...

Insignia Financial plans advice business transformation

JAMIE WILLIAMSON  |  THURSDAY, 27 JUL 2023
... offered through superannuation, including developing a new technology-enabled advice service. Mota said that with the Quality of Advice Review providing more avenues for advice, the changes the business is making will provide capacity to focus on existing ...

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
... APRA reveals that not only are super funds dragging their feet in implementing the covenant, but there is also a lack of quality in what is on offer. From 1 July 2022, trustees were forced to develop a retirement income strategy to improve long-term ...

Super framework ideal for advice: Jones

KARREN VERGARA  |  MONDAY, 17 JUL 2023
... offer advice at every stage of a member's life, shooting down assumptions that his proposed changes, based on the Quality of Review recommendations, will strictly apply to those wanting retirement advice. "If all I wanted to do was fiddle around ...

FAAA celebrates membership renewals, anticipates more

ANDREW MCKEAN  |  TUESDAY, 4 JUL 2023
... in the ASIC industry levy, the continuing consultation with the government on implementing the recommendations of the Quality of Advice Review, the legislation of the experienced pathway and many more." Abood also highlighted the FAAA's commitment to ...

Advisers embrace less back-office burden

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... advisers have welcomed the elimination of many back-office inefficiencies under the federal government's adoption of the Quality of Advice Review recommendations. Some of the QAR recommendations assistant treasurer Stephen Jones flagged he will adopt ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
The wealth management industry has broadly welcomed the bulk of the Quality of Advice Review recommendations Labor will prioritise, with many agreeing that the reforms will fix financial advice and ultimately benefit consumers. In releasing the first ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... give superannuation funds a larger role in making financial advice more affordable as it announces which out of the 22 Quality of Advice Review recommendations will become a reality for the wealth management sector. Minister for financial services Stephen ...

Regulation, funding inhibits digital advice: Report

KARREN VERGARA  |  MONDAY, 22 MAY 2023
... personal advice territory, particularly after the High Court ruling in the Westpac case on general advice". While the Quality of Advice Review is expected to solve the issue of blurred regulatory lines and lack of certainty, the report said, providers ...