Industry says ‘concerns were heard’ with QAR response; Jones not ruling out advice from banks

The government has announced it will adopt the bulk of Quality of Advice Review recommendations, which has been largely welcomed by industry bodies.

Minister for Financial Services, Stephen Jones, has said the government will review the remaining eight recommendations in the Quality of Advice Review by the end of the year.

The government has issued its formal response to the Quality of Advice Review, covering removing regulatory red tape, expanding access to retirement income advice, and exploring new advice channels.

The wealth manager has acquired a 20 per cent stake in Euree Asset Management, a new firm headed by former AFL player James Hird, which will soon launch three fund options.

Three financial advisers, including a former chair of the Financial Planning Association of Australia, have been awarded a Medal of the Order of Australia in this year’s King’s Birthday Honours List.

The Australian ETF industry has recorded its strongest inflows year to date in May, receiving over $1 billion in inflows during the month.

A staple of retirement planning advice, the recontribution strategy has seen a resurgence in popularity since the work test was removed from super contributions law, writes Josh Rundmann.