The QOA Oscar speech

quality of advice Michelle Levy

10 February 2023
| By Outsider |
image
image
expand image

Like most of the financial advice industry, Outsider has spent the week reading through the final report of the Quality of Advice Review.

After seven weeks of waiting, he was keen to see what recommendations Michelle Levy had suggested and how they could change the advice landscape.

Amid all the comments about Statements of Advice, digital advice and advice from superannuation funds, he also liked how Levy had taken time to give her own little note of thanks.

Her very own Oscars speech perhaps.

This included staff at ASIC and APRA, her partners at law firm Allens, and the Government Actuary Team, no surprises there.

But then it goes on “my secretary Bridget deserves an extra big thanks – I did not miss a single plane”, “the poet Julian” and “my dear friend and colleague MM”. Outsider likes to think that last one stands for Money Management.

She also includes a hidden clue, “I have included a quote from the Dude (the Big Lebowski) in the Report”.

For any movie fans out there, you have 267 pages to find this quote.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

1 month 3 weeks ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month 4 weeks ago

Interesting. Would be good to know the details of the StrategyOne deal....

2 months ago

SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positiv...

2 weeks 1 day ago

Original bidder Bain Capital, which saw its first offer rejected in December, has returned with a revised bid for Insignia Financial....

1 week 1 day ago

The FAAA has secured CSLR-related documents under the FOI process, after an extended four-month wait, which show little analysis was done on how the scheme’s cost would a...

6 days 8 hours ago

TOP PERFORMING FUNDS