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Showing 131 - 136 of 136 results for "Best Interest Duty"

Industry panel turns up FOFA heat

RACHEL DAVIS  |  MONDAY, 24 OCT 2011
... principal, Alexis Compliance Risk Solutions, threw down the gauntlet with her uncompromising view that opt-in and best interest duty are both "a waste of time". "Why do we need opt-in when the industry has been operating with terms of engagement already," ...

MLC head calls for truce after laying blame at industry funds door

MATT WOODINGTON  |  THURSDAY, 22 SEP 2011
... rather than the segment in which they are labelled. "With the removal of commissions, and the introduction of a best interest duty and two year opt-in process, the campaign the industry funds have run against retail superannuation and financial advice ...

ISN submission targets advice requirement

ELISE BURGESS  |  TUESDAY, 20 SEP 2011
... advice. ISN said such standards were long overdue and had already come some way to address the issue with the Best Interest Duty proposal and the move to increase the Australian Securities and Investments Commissions (ASIC) powers.

FOFA levels playing field: ANZ Wealth

ELISE BURGESS  |  MONDAY, 5 SEP 2011
The FOFA best interest duty proposals will level the playing field with advisers free to compete with super funds for intrafund advice clients, according to Paul Barrett, general manager advice and distribution, ANZ Wealth. The best interest test, as ...

ASIC looks to reshape retail advice

ELISE BURGESS  |  FRIDAY, 29 JUL 2011
... how Best Interest' duty will be incorporated. "In releasing this consultation paper without incorporating the Best Interest Duty, ASIC may actually cause further confusion rather than guidance or clarification for consumers and the profession," said ...

Licensee tests offer planners protection

MATT WOODINGTON  |  THURSDAY, 28 APR 2011
... one of its recommendations included in the FOFA reforms package was "...consideration of the extent of the best interest duty applying to the providing entity (licensee). "Both licensees and the adviser will be captured by the same best interest test. ...