With the final report due to be delivered to Treasury in just over a month, you can now catch up with the insights shared at our event here.
Commenting on the terms of reference at the beginning of the forum, Ms Levy said: “For me the challenge is to make recommendations that will increase the accessibility of financial advice without compromising quality.
“As to quality, I think it’s important to keep in mind - what is quality turns on what the person wants.
“So not everybody is looking for – and in fact - many, many people are not looking for comprehensive financial advice.
“I think it’s important and I think it’s one of the things missing from our financial services industry is the ability for people to get ad hoc advice as and when they need it.
“That’s my objective – to make that kind of advice available without causing consumer harm.
“The way I’ve thought about this is starting with what is advice. It’s a foundational issue.”
Access the full forum here.
