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Showing 101 - 110 of 328 results for %22Best Interest Duty%22

Your Future, Your Super reforms closer to legislation

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
... that will put trustee spending under the microscope. Treasury Laws Amendment (Measures 4 for a later sitting) Bill 2020: Best 5 Financial Interests Duty will force trustees to be more accountable to how member money is used to operate on a day-to-day ...

Retail superannuation funds grilled on member priorities

KARREN VERGARA  |  TUESDAY, 24 NOV 2020
A parliamentary inquiry has again cast doubt over retail superannuation funds' ability to put the best financial interests of members ahead of profit and shareholders. The most recent Standing Committee on Economics into super heard instances of ...

Give the people advisers: Retirement Income Review

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... compliance provided by vertically integrated firms and found that 75% failed to comply with the requirements associated with the best interests duty, but the quality of advice had improved after the Future of Financial Advice reforms. However, ASIC found ...

Cost of advice soars as red tape grows

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... offered conflicting viewpoints and differing interpretations of important professional standards such as the Best Interest Duty (BID) requirement," he said. "Every agency tasked with overseeing the financial planning profession must be funded. Ultimately ...

Level premiums to remain

ANNABELLE DICKSON  |  THURSDAY, 15 OCT 2020
... He explained the future of level premiums is thinking about how it works in the whole ecosystem and against best interest duty, price now versus price later and affordability.

ASIC reviewing risk advice, pushes for scaled advice

ANNABELLE DICKSON  |  WEDNESDAY, 14 OCT 2020
... licensees for one or two files," she said. Metz said the regulator is looking to see if the advice provided complies with the best interests duty and related obligations. "We're looking to see what position consumers have been placed into as a result ...

AMP Capital included in UNPRI Leaders Group

ALLY SELBY  |  THURSDAY, 8 OCT 2020
... commitment will take significant decarbonisation over the coming decades. "AMP Capital has a fiduciary duty to act in the best interests of investors and clients when making investment decisions, including considering climate risks and opportunities," ...

Hume clarifies survival of the fittest in MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
... MySuper products, which are supposed to be the most basic that people get defaulted into," Hume said. "We've decided that the best way for consumers to engage with that system is if they can see all of those funds ranked in order of performance as well ...

FASEA releases more Code of Ethics guidance

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... provides an ethical framework of values and standards to assist advisers in exercising their professional judgement in the best interests of their clients," FASEA chief executive Stephen Glenfield said. "FASEA understands that advisers and other stakeholders ...

More clarity on life insurance best interest duty needed: Research

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
... broad changes to Australia's retail disability income insurance market, including providing examples of Best Interest Duty in life insurance. The report said ASIC included in RG 175 examples of the application of the BID in various circumstances ...