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Showing 111 - 120 of 153 results for "Interest Duty"

FoFA changes no threat to best interest duty: lawyer

JAMES FERNYHOUGH  |  WEDNESDAY, 19 MAR 2014
The Financial Services Council (FSC) has obtained legal advice arguing that the proposed amendments to the Future of Financial Advice (FoFA) reforms will not compromise the best interests duties of advisers to their clients. The advice, provided by ...

Advisers have to act in client's best interests: PM

ALEX DUNNIN  |  TUESDAY, 18 MAR 2014
... to always act in their client's best interests. Mason said, "If it should come about that some aspect of the best interest duty is to be wound back, it would be a serious mistake to think that a financial adviser is under no duty to act in the best interest ...

FoFA amendments will reduce quality of advice: lawyer

JAMES FERNYHOUGH  |  TUESDAY, 11 MAR 2014
The government's proposal to amend the best interest duty section of the Future of Financial Advice (FoFA) reforms are "inconsistent with the nature of a best interests duty" and will "reduce the overall quality of financial advice", according to legal ...

Consumers safe under FoFA changes: former judge

MARK SMITH  |  WEDNESDAY, 19 FEB 2014
... advisers to always act in the best interests of their clients. "If it should come about that some aspect of the best interest duty is to be wound back, it would be a serious mistake to think that a financial adviser is under no duty to act in the best ...

FPA slams detractors of best interest amendment

LAURA MILLAN  |  WEDNESDAY, 12 FEB 2014
... amendments" that will remove a sub-section of the Future of Financial Advice (FoFA) legislation referring to the best interest duty. "We are witnessing an extraordinary effort by product providers and those who represent them to build a political position ...

FoFA changes must go before parliament: Collins

JAMES FERNYHOUGH  |  MONDAY, 10 FEB 2014
... Southern, Storm and Trio culminated in a parliamentary inquiry which found that, among other reforms required, a best interest duty was necessary to improve the minimum quality of advice in Australia." He said all members of the committee supported this ...

Sinodinos defends "speedy" FoFA legislation

ALICE URIBE  |  FRIDAY, 31 JAN 2014
... included removing the opt-in requirement, streamlining the annual fee disclosure requirements, amending the best interest duty to allow for scaled advice, exempting general advice from conflicted remuneration; and amending grandfathering to allow for ...

FoFA reforms put professional standards at risk: Ripoll

LAURA MILLAN  |  THURSDAY, 30 JAN 2014
... included removing the opt-in requirement, streamlining the annual fee disclosure requirements, amending the best interest duty to allow for scaled advice, exempting general advice from conflicted remuneration; and amending grandfathering to allow for ...

Government releases FoFA draft legislation

ALICE URIBE  |  WEDNESDAY, 29 JAN 2014
... include removing the opt-in requirement, streamlining the annual fee disclosure requirements, amending the best interest duty to allow for scaled advice, exempting general advice from conflicted remuneration; and amending grandfathering to allow for ...

Fears to FoFA amendments "overplayed": AFA

LAURA MILLAN  |  WEDNESDAY, 22 JAN 2014
Fears that the amendments to the best interest duty of the Future of Financial Advice (FoFA) legislation will affect the quality of advice are "overplayed," the Association of Financial Advisers (AFA) said. "Improving the best interest duty does help ...