NIBA Webinar | Quality of Advice Review

NIBA Webinar | Quality of Advice Review
On 27 April 2023 NIBA President, Gary Okely, NIBA CEO, Phil Kewin and NIBA’s Policy and Research Manager, Allyssa Hextell presented a live webinar to discuss the Quality of Advice review recommendations and what they mean for general insurance brokers.

Answer the following 5 questions relating to the key learning objectives for this webinar, to receive 1 CPD point. If the questions are all answered correctly, you will receive a CPD Certificate.
1. How many recommendations are contained in the Quality of Advice Review Final Report?

17222842
2. True or False, the Quality of Advice Review initially proposed to remove general advice from the AFS licensing regime?

TrueFalse
3. Which of these was not a recommendation of the Quality of Advice Review?

Replacing the best interest duty with a duty to provide ‘good advice'Removing DDO reporting obligations for brokersRequiring brokers to obtain the clients' consent to receive commissionExpanding the definition of personal advice
4. The Review recommended removing the obligation to provide which two documents to clients?

FSG and SOAPDS and FSGSOA and PDSTOE and FSG
5. When was the Final Report released by Treasury?

November 2022December 2022January 2023February 2023
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