Michelle Levy

Financial planning

As the FAAA and FSC prepare to appear before the Senate economics committee today to discuss the QAR, the date coincides with one year since the government published its ...

Financial planning

Could robots be giving advice to super fund members post-QAR?

The law “should not continue to assume that financial advice is being given by a person”, according to Michelle Levy, as she hints that advice from superannuation funds c...

Financial planning

Levy doubts super funds’ capacity to provide retirement advice

Michelle Levy, reviewer of the Quality of Advice Review, believes super funds already have too much on their plate to provide retirement income advice to members and feel...

Financial planning

What’s inside the government’s formal QAR response?

The government has issued its formal response to the Quality of Advice Review, covering removing regulatory red tape, expanding access to retirement income advice and ex...

Financial planning

Lack of new entrants leaves financial advisers as ‘tiny part’ of QAR

Financial advisers are a declining “olden days” model, says Michelle Levy, who instead has focused her Quality of Advice Review on digital advice rather than relevant pr...

Financial planning

Jones promises QAR response ‘very soon’

Minister for Financial Services, Stephen Jones, has offered an update on the Quality of Advice Review, which he said had been previously delayed due to the federal budget...

Editorial

Levy missed a trick to rebuild a dynamic profession

As the industry awaits government action on Michelle Levy’s recommendations, one big question looms: Why are so few Australians getting financial advice?...

Financial planning

ASIC confirms talks with Treasury on QOA Review

ASIC Commissioner Danielle Press confirmed the regulator has been in touch with Treasury on how differing ‘reasonable minds’ could agree on a common ground in Levy’s reco...

Editorial

Levy’s QOA Review: The hits and misses

Around a year in the making, the Quality of Advice Review continues to divide an industry looking for meaningful reform. ...

Editorial

A report worth waiting for

After seven weeks of waiting, the final report of the Quality of Advice Review was released in early February, prompting eager reading by the advice industry....

Financial planning

What does Australia’s average adviser look like?

Data from the QOA’s adviser survey, used to inform the review, has revealed a snapshot of Australia’s adviser landscape, their views and the shape of their businesses. ...

Outsider

The QOA Oscar speech

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

Financial planning

Levy backs fee disclosure reform

The independent chair of the QOA Review has called for the removal of 'onerous' ongoing fee disclosure obligations....

Financial planning

QOA proposes new best interests duty for financial advisers

The long-awaited recommendations of the Quality of Advice Review include replacing the existing best interest duty with a 'true fiduciary' alternative. ...

Financial planning

QOA: Praemium boss confident banks won’t give bad advice

Praemium CEO, Anthony Wamsteker, is confident banks and super funds won’t be able to get away with poor or conflicted financial advice despite Quality of Advice recommend...