On this very special episode of the ifa Show, host Neil Griffiths is joined by the reviewer of the upcoming Quality of Advice Review, Michelle Levy. The Allens partner sat down to discuss the progress on the report, due out in December, and her opinion on the current state of the advice sector in Australia. “I think we need to make quite significant changes to the way financial advice and the provision of advice is regulated,” she said. “I don’t think it is a matter of just crossing a few things out. Now, is that realistic? I am hopeful that it is.” Also on this episode, Michelle looks at some of the submissions put through industry groups, the role of regulators such as ASIC in improving the industry and her hopes for the recommendations that she’ll put forward in December.