QOA Special: What's new in the report?

In a move likely to be welcomed by advisers, Michelle Levy has stayed the course to do away with Statement of Advice requirements.

With more financial advisers exiting and rising costs creating greater inaccessibility, Michelle Levy recommends digital advice as a tool to improve access and efficiency.

From Statements of Advice to digital advice to superannuation, what does the final QOA report say about five key financial advice issues?

Rushed commencement of measures that require systemic changes could “lead to errors”, according to Michelle Levy, but others such as advice from superannuation funds could commence shortly.

Minister for Financial Services, Stephen Jones, has reacted to the final report of the Quality of Advice Review.

Superannuation trustees should be permitted to provide personal advice to members, according to recommendations handed down under the final report of the Quality of Advice Review.

When entering paid employment, it’s not long before we are told that we’ll need to lodge a tax return but there are times when a person will be excepted.