What the Quality of Advice Review means for you

Retirement and financial wellbeing depends on ensuring all Australians can access appropriate, high-quality financial advice. Right? However, aspects of this sector haven’t worked as well as they could. Instead, consumers and advisers are grappling with high costs, a lack of trust and excessive documentation.  For these reasons, there has been a review (Michelle Levy’s Quality of Advice Review, otherwise known as the QAR).  The aim of the review is to improve the accessibility and affordability of quality financial advice. The recommendations were made public in February 2023.  To dive into the QAR are two CPA Australia experts who made submissions and worked closely with government and industry to help find some practical solutions.  Want to learn more? Listen right now.  Host: Jennifer Duke, External Affairs Lead at CPA Australia Guests: Keddie Waller, Head of Public Practice and SME at CPA Australia, and Michael Davison, Senior Manager, Advocacy and Retirement Policy at CPA Australia You can also have a look at CPA Australia’s Quality of Advice Review – Proposals for Reform. And read the media release explaining why the Joint Associations Working Group welcomes the release of the final report of the Quality of Advice Review For further information, CPA Australia has produced a Value of Advice research report which has some excellent insights. CPA Australia publishes three podcasts, providing commentary and thought leadership across business, finance and accounting:  With Interest INTHEBLACK Excel Tips Search for them in your podcast platform.  You can email the podcast team at [email protected]