Account number issue causes angst, undue admin work: FAAABY KARREN VERGARA | WEDNESDAY, 13 AUG 2025 12:15PMFlaws in Delivering Better Financial Outcomes (DBFO) Tranche 1 has inundated financial advisers with angst and more administrative work thanks to confusion surrounding account number inclusion in consent forms, according to the Financial Advice Association Australia (FAAA). Related News |
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Another cluster from the government. When the government says it's here to help nothing good ever happens and lets face it, ASIC couldn't find its way back to its own kennel.
Yes. Totally agree, this has happened to me for a few clients, and it is simply so hard to go back to the client after 6 months. YES the institution back dated the requirement and stopped the fees being deducted.