The QOA Oscar speech

quality of advice Michelle Levy

10 February 2023
| By Outsider |
image
image
expand image

Like most of the financial advice industry, Outsider has spent the week reading through the final report of the Quality of Advice Review.

After seven weeks of waiting, he was keen to see what recommendations Michelle Levy had suggested and how they could change the advice landscape.

Amid all the comments about Statements of Advice, digital advice and advice from superannuation funds, he also liked how Levy had taken time to give her own little note of thanks.

Her very own Oscars speech perhaps.

This included staff at ASIC and APRA, her partners at law firm Allens, and the Government Actuary Team, no surprises there.

But then it goes on “my secretary Bridget deserves an extra big thanks – I did not miss a single plane”, “the poet Julian” and “my dear friend and colleague MM”. Outsider likes to think that last one stands for Money Management.

She also includes a hidden clue, “I have included a quote from the Dude (the Big Lebowski) in the Report”.

For any movie fans out there, you have 267 pages to find this quote.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 2 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

1 month 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

3 months 2 weeks ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

1 week 5 days ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

4 days 15 hours ago

The exit of co-CIOs Andrew Clifford and Clay Smolinski from Platinum has highlighted key person risk, with Morningstar raising its outflow forecast to 33 per cent of FUM ...

2 weeks 5 days ago

TOP PERFORMING FUNDS