How will the QAR affect access to advice?

The SMSF Adviser Show

In this episode, Aaron Dunn and co-host Keith Ford discuss the ASIC adviser levy increase, the ATO’s draft ruling on the interaction on non-arm’s length income and capital gains tax, court rulings on lost trust deeds, and the increase in ATO penalty fees. Following the discussion, we share an episode of the ifa podcast, the sister brand of SMSF Adviser, in which host Maja Garaca Djurdjevic is joined by My Money Buddy and The Savings Squad podcast founder Adele Martin to discuss the government’s Quality of Advice Review (QAR) response and what it means for advisers. This podcast brings you a one-on-one chat that took place at the ifa’s Adviser Innovation Summit in Melbourne, where our host and Ms Martin dissected the government’s response to the QAR. Ms Martin talks about the response from an adviser’s point of view and why she would like to see less consultation and more action from the government. She articulates her perspective on future-fit statements of advice and delves into the proposal that suggests superannuation funds will have a significant role in providing advice, highlighting why this approach may not effectively address the issue of limited access to advice.