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Quality Advice Review Explored and Explained

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Is the Quality Advice Review a revolution, evolution or the destitution of financial advice?

The Licensee Collective: A forum for AFS self-licensees who want to get on top of the issues but don’t have time to read a few hundred pages of legislation, guidance or regulations!

A Live Instructor Led CPD Session

Total 1.25 CPD Hours (est.)

Details

FREE

Recorded: 21 September 2022

FPA accreditation pending

The outcomes of the Quality of Advice Review reforms are years away so why should you care? Right? Or Wrong?

The last thing a change fatigued financial advice profession want right now is more change. But, the Quality of Advice Review reforms are the single biggest opportunity to get it right.

In this practical update, we’ll short cut the rhetoric and explain what the proposed reforms will mean if implemented, all in a very practical way.

  • Do we need change?
  • Will removing ‘general advice’ as a financial service improve the quality of advice being provided?
  • Does removing the requirement to provide a Statement of Advice (SOA) increase the quality of advice, as well as access to quality advice? And what will this mean in practice?
  • Does allowing intra-fund advice in superannuation increase quality advice and is intra-fund advice a threat to professional advisers?
  • 10 years, 5 years two months time, at all? What are the chances these proposed reforms will happen, and if they do what does that mean for advisers and their businesses
  • How does the review proposal impact on and interact with the education proposals?

Watch the Quality Advice Review Recording

Our presenters

Chairman, Wealth Services, Diverger

Grahame Evans

Grahame-EvansGrahame has been extensively involved with the financial services industry for more than 35 years.

He has held a variety of board positions including Chairman of Australian, Canadian, Singaporean and Chinese investment and advice businesses, and also as a director of Malaysian and New Zealand companies.

Grahame’s executive roles have included Founder and Managing Director of GPS Wealth, CEO Investments for Tower Australia; managing director at AMP Consulting, and group managing director of Centrepoint Wealth.

He is a regular speaker both in Australia and overseas and holds an MBA from the Australian Graduate School of Management.

Professionalism & Ethics Adviser, Knowledge Shop

Conrad Gilbert

Conrad RConrad works with the profession to navigate the practical impact of change on advisers, their practices, and their clients. He has over 30 years’ experience in the Financial Services Industry, working across insurance and financial planning. Before joining Knowledge Shop, he held senior executive roles with national financial planning networks.

In addition to his work with Knowledge Shop, Conrad is completing a PhD in Finance and Financial Planning at Griffith University. He holds an MBA from the University of Qld, a Bachelor of Commerce from Griffith University and a Diploma of Financial Planning from Deakin University.