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Showing 1 - 10 of 25 results for "Quality of Advice Review"

Government to review adviser professional standards

JAMIE WILLIAMSON  |  THURSDAY, 11 AUG 2022
... Treasury will consult on improvements to the Code in 2023 following the government's response to the Quality of Advice review. Finally, on the adviser exam, Jones said he intends to ask Treasury to explore areas where delivery of the exam could be ...

What the QAR should focus on: MLC Life

CASSANDRA BALDINI  |  TUESDAY, 9 AUG 2022
MLC Life Insurance has said the Quality of Advice Review (QAR) should focus on how to ensure Australians can access financial advice, regardless of their wealth. Ahead of Michelle Levy's draft report due later this month, MLC Life said it believes ...

FSC analyses super, advice developments

ANDREW MCKEAN  |  MONDAY, 1 AUG 2022
... (FSC) has examined the government's legislative agenda for super and given a policy update on the Quality of Advice Review. Firstly, following assistant treasurer and minister for financial services Stephen Jones' announcement of a Treasury review ...

AFA hits back at QAR submissions from Choice, ISA

CASSANDRA BALDINI  |  MONDAY, 11 JUL 2022
The Association of Financial Advisers has hit back at the Quality of Advice Review submissions from Choice and Industry Super Australia, saying their recommendations are harmful to the sector. Starting with Choice, the AFA said the consumer body's submission ...

Chorus of self-interest in financial advice: SCA

JAMIE WILLIAMSON  |  WEDNESDAY, 6 JUL 2022
... emerged". In a new op-ed, Super Consumers Australia director Xavier O'Halloran has said that, ahead of the Quality of Advice review, super funds are lobbying to remove the consumer protections around intra-fund advice. "There are serious questions about ...

AMP wants life insurance caps raised, fees lowered

CASSANDRA BALDINI  |  MONDAY, 27 JUN 2022
... governance practices in place to protect consumers is workable, like in the mortgage broking industry. " "The Quality of Advice Review is a generational opportunity to reset regulations relating to financial advice and implement positive change, which ...

Government commits to Quality of Advice Review in current form

JAMIE WILLIAMSON  |  FRIDAY, 24 JUN 2022
... committed to ensuring that Australians have access to high quality and affordable financial advice." The Quality of Advice Review received 130 submissions from industry stakeholders including associations, super funds, licensees, technology providers ...

Advice requirements confusing, complex: JAWG

ANDREW MCKEAN  |  TUESDAY, 21 JUN 2022
The Joint Associations Working Group has told the Quality of Advice Review to reduce compliance burdens and to enable the delivery of affordable, accessible advice to more consumers. In a statement, the collective of professional associations called ...

Clear up uncertainty: AFA, FPA

JAMIE WILLIAMSON  |  FRIDAY, 17 JUN 2022
... Advisers (AFA) and the Financial Planning Association of Australia (FPA) have used their submissions to the Quality of Advice Review to call for regulatory certainty. Releasing their submissions yesterday, both industry bodies have called out the pressure ...

No more changes to risk commissions: ClearView

JAMIE WILLIAMSON  |  TUESDAY, 7 JUN 2022
... explaining why just 6% of respondents use a fee for service model. ClearView surveyed members as part of its Quality of Advice Review submission, ultimately determining that the Life Insurance Framework has had no impact on the quality of advice provided ...
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