The Quality of Advice Review recommendations have been further applauded by more key stakeholders in the financial services industry.

Industry bodies have backed a Quality of Advice Review final report recommendation to reconsider who can provide financial advice.

A Quality of Advice Review recommendation to widen the definition of advice is consistent with calls made by the Hayne royal commission.

The Quality of Advice (QoA) Review report has called for a wider definition of financial advice but recognised the unique work of advisers.

The FPA has called on the government to implement a number of the Quality of Advice Review recommendations as quickly as it can.

The new name for the industry body that will result from the proposed merger between the FPA and AFA has been announced.

Former chief executives and heads of the boards of the FPA and AFA have urged members to back the proposed merger of the two advice bodies.

A collective of industry bodies has called on the government to ensure its response to the Quality of Advice Review includes some specific elements.