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.