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Showing 61 - 70 of 126 results for "Quality of Advice Review"

My mind has not been changed: Levy

CASSANDRA BALDINI  |  WEDNESDAY, 8 FEB 2023
... funds, insurers and banks gain more advice autonomy if Treasury adopts the recommendation outlined in the Quality of Advice Review (QAR) final report. The QAR chair said her mind had not been changed on the subject and remained firm in her decision that ...

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
True to her word, Quality of Advice Review chair Michelle Levy's final report contains few surprises, however her recommendations include the introduction of both a Good Advice Duty and a Statutory Best Interests Duty. The 267-page final report ...

Associations call for improved access to financial advice

ANDREW MCKEAN  |  FRIDAY, 3 FEB 2023
... Association Working Group (JAWG) has urged the government to improve access to financial advice through the Quality of Advice Review (QAR) proposals. In a letter to assistant treasurer and minister for financial services Stephen Jones, the JAWG said ...

Regulation should be balanced: Levy

ANDREW MCKEAN  |  WEDNESDAY, 1 FEB 2023
... Financial advisers need a balanced regulatory framework, says Michelle Levy, lead of the government's Quality of Advice Review (QAR). At an event hosted by PritchittBland, Levy said almost all stakeholders are unhappy with the current system; financial ...

Fintech predictions for 2023: Finura

CASSANDRA BALDINI  |  TUESDAY, 31 JAN 2023
... last year it felt optimistic about the sector. Finura said: "With the model primarily endorsed by the Quality of Advice Review (QAR), we need to see business model execution between product providers and technology." Finura Group explained specialist ...

Mixed outlook for paraplanning: Study

ANDREW MCKEAN  |  FRIDAY, 20 JAN 2023
... 21.6% of them charge $81 to $100 per hour. One of the key issues facing paraplanning at the moment is the Quality of Advice Review and its draft proposals regarding Statements of Advice (SoAs). Concerning the cost of advice, KPMG research commissioned ...

Treasury working on QAR, super tax concessions

CASSANDRA BALDINI  |  THURSDAY, 19 JAN 2023
A Treasury spokesperson has indicated when industry can expect the release of the Quality of Advice Review (QAR) final report, while also confirming the government has not scrapped super tax concessions. A spokesperson for minister for financial services ...

We're doing a huge amount: Aware Super

CASSANDRA BALDINI  |  WEDNESDAY, 18 JAN 2023
... making a significant investment in its financial advice capabilities, regardless of what comes out of the Quality of Advice Review. Speaking to Financial Standard, Stewart pointed out that over the next five years, Aware estimates more than 100,000 members ...

Top 10 issues for super funds in 2023: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 JAN 2023
... regulatory settings, financial viability concerns and risks of providing advice. Regulatory reform from the Quality of Advice Review may assist in providing appropriate advice for members moving into retirement, but it is expected that any recommendations ...

ALRC should prioritise advice regulations: FPA

CASSANDRA BALDINI  |  THURSDAY, 8 DEC 2022
... corporations and financial services laws," she commented. Abood explained the ALRC's review complements the Quality of Advice Review (QAR) led by Michelle Levy. Both reviews consider "equally vital and distinct elements" of the corporations and financial ...