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DDO to simplify general, personal adviceBY ANNABELLE DICKSON | TUESDAY, 30 MAR 2021 12:33PM
The outcome of the High Court decision on general advice will have an interesting and simplifying effect on the design and distribution obligations coming into effect later this year, according to a lawyer.
Read more: DDO, High Court, Westpac, Nathan Hodge, Danielle Press, Financial Services Council, Iress, Morningstar, Pamela Souvlis
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The Association of Financial Advisers has appointed a new chief executive to replace Phil Kewin who resigned earlier this year.
The Federal Court will force BT Funds Management and Asgard Capital Management to pay $1.5 million each for charging fees for no service and making misleading statements.
Among the changes announced this morning, AMP is putting an end to all Buyer of Last Resort arrangements at the end of the year and giving advisers the freedom to leave the network with their clients from 2022.
Weekly review of significant economic data, government and central bank action and pronouncements, and other market moving events.
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