Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 91 - 100 of 102 results for "Design and distribution obligations"

APRA intervention blindsided AFA, FPA taskforce

ELIZABETH MCARTHUR  |  TUESDAY, 28 JUL 2020
... think we have too many regulators, especially in the advice space," De Gori said. On the new Design and Distribution Obligations De Gori and Kewin again agreed overregulation was a concern. "I think it has great opportunity and the intention is right," ...

The PDS is weak: Rice Warner

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... legally. With APRA focussed on eliminating poor performing MySuper products and ASIC's new design and distribution obligations and product intervention powers, Rice Warner predicts financial products will meet a higher standard in Australia. "In time ...

Consultation opens for design, distribution guidance

HARRISON WORLEY  |  FRIDAY, 20 DEC 2019
... financial services industry has just over three months to influence ASIC's guidance on the new design and distribution obligations. ASIC has opened consultation on draft guidance for the new design and distribution obligation laws, which are set to come ...

Super sector to dominate by 2034

ALLY SELBY  |  MONDAY, 16 DEC 2019
... changes, or if funds fail to meet the tests under either of APRA's Member Outcomes or ASIC's Design and Distribution Obligations, they could have outflows of members," it said. "Arguably, many funds would fail to meet these tests for their current retirement ...

Calls for clarity on personal advice in DDO

KANIKA SOOD  |  MONDAY, 11 NOV 2019
The definition of personal advice and the treatment of platform operators in the design and distribution obligations legislation must be clarified, the Financial Services Council has argued in its submission. When financial advisers use a platform to ...

Super investment menus not what they seem: Rice Warner

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
... investment menus are really appropriately designed for members. Since the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2018 passed in April 2019 new requirements for product design and disclosure ...

Government moves to expand design, distribution laws

HARRISON WORLEY  |  FRIDAY, 13 SEP 2019
Consultation is open for exposure draft regulations extending the Federal government's design and distribution obligations. The government has released updated design and distribution obligations, which now extend to investor directed portfolio services ...

ASIC product intervention to commence

JAMIE WILLIAMSON  |  THURSDAY, 27 JUN 2019
... 18 months, though may be extended or made permanent thereafter. The powers fall under the design and distribution obligations enacted in April which do not apply until April 2021. However, the product intervention power is available to ASIC now. The ...

Retail clients win under new ASIC powers: Lawyers

KARREN VERGARA  |  TUESDAY, 28 MAY 2019
... lawyers warn. A white paper by law firm Hall & Wilcox highlights the implications of the new design and distribution obligations (DOD) and product intervention powers (PIP) laws, due to take effect 5 April 2021 and 6 April 2019 respectively. Some of ...

Design and distribution law set to impact property funds

ELIZABETH MCARTHUR  |  MONDAY, 29 APR 2019
... Association (PFA) has called the alarm on the Government's recent introduction of product design and distribution obligations that are set to impact unlisted property funds. PFA says that the new legislation could result in fewer choices being available ...