ASIC issues warning over shoddy DDO practicesBY JAMIE WILLIAMSON | TUESDAY, 10 SEP 2024 12:33PMOnly a handful of product issuers are monitoring consumer outcomes and product performance, while others are relying too much on consumers to self-certify they fit a target market, an ASIC review into compliance with design and distribution obligations (DDO) shows. Related News |
Editor's Choice
Wholesale investor test changes on ice: Parliamentary committee
An overhaul of the wholesale investor test thresholds is on ice but potential major changes are still on the agenda, a parliamentary hearing confirmed this morning.
VFMC fills new head of asset classes role
Victorian Funds Management Corporation (VFMC) has tapped an internal candidate to step into the newly minted role of head of asset classes.
ANZ, OnePath settle $50m class action
Slater and Gordon has secured a $50 million class action settlement on behalf of ANZ and OnePath superannuation customers.
Australia's best-performing super fund says no to crypto
Colonial First State (CFS), the best-performing super fund of the last financial year, has ruled out the idea of adding crypto to its investment portfolio.
Videos
Brought to you by ![]()
Further Reading
Products
Expert Feed
The embedded value of digital vaults
Those of us working within the financial services industry are only too aware how important it is to safeguard sensitive information against data breaches ...
NALE: There's still work to be done
Recent legislative amendments have reduced the tax penalty for some expense shortfalls but not all.
Super funds need to get better as they get bigger
While rapid growth sounds like a good problem to have, many superannuation funds are wrestling with it.
Navigating the stage three tax cuts with certainty
This year, the first of July marked more than just the start of the new financial year; it was also the beginning of the government's stage three tax ...
Featured Profile
Justine Marquet
HEAD OF TECHNICAL SERVICES
ALLIANZ RETIRE+
ALLIANZ RETIRE+
Allianz Retire+ head of technical services Justine Marquet is at the forefront of a new and exciting phase of the retirement system, sharing how she is using her well-rounded skill set to revolutionise the next chapter. Karren Vergara writes.
Download the app Premium subscribers can access even more content from Financial Standard. |  |
