In this episode of the ifa Show, host Maja Garaca Djurdjevic is joined by journalist Keith Ford to take a look at the first tranche of legislation for the government's Delivering Better Financial Outcomes package of reforms.

The pair discuss what is included in the draft legislation announced by Financial Services Minister Stephen Jones – and what isn't. They also break down the minister's comments and how advisers have reacted to the news.

Listen as they discuss:

• The notable omission of measures relating to statements of advice and the removal of safe harbour provisions.
• The response from industry bodies and advice associations.
• What's next for the Quality of Advice Review reforms.