Search Results | Showing 11 - 20 of 131 results for "Best Interest Duty" |
| | ... financial adviser," she said. Perhaps the most controversial element of Levy's proposal is that the statutory best interest duty obligations will not pertain to non-relevant providers. "The new best interests' duty would be a true fiduciary duty ... |
| | | ... client circumstances − or advice models that lead to one-size-fits-all outcomes - are less likely to meet best interest duty obligations and can expose clients to a risk of capital loss," ASIC deputy chair Sarah Court said at the time. The court imposed ... |
| | | ... in mind." In this episode of the Financial Standard podcast, Levy also addresses her proposed shift from the best interest duty, explaining why good advice is "more than acceptable", as well as concerns around financial advisers competing with non-relevant ... |
| | | ... saying 'this is a disaster." She explained the bottom line as to why it was labeled as such was down to the best interest duty in the Corporations Act being removed and replaced by a good advice duty. "In my view, that's a very strong consumer ... |
| | | ... the law, an obligation to give good advice. It's a big shift because the current law very much focuses on best interest duty, duty of priority for that process," she said. Levy said she has had a lot of discussions around the current "checklists". ... |
| | | ... client circumstances − or advice models that lead to one-size-fits-all outcomes - are less likely to meet best interest duty obligations and can expose clients to a risk of capital loss." Dixon Advisory is currently in voluntary administration but ... |
| | | ... to regain in the future," Bevan said. Perhaps most detrimental to the traction of implementation can be the best interest duty, he said. Explicitly, having too many compromises in how a program is built and too much of a focus on the adviser practice ... |
| | | ... information that is available to the provider at the time the advice is provided." In addition to replacing the best interest duty, this requirement would also replace the appropriate advice duty, the duty to warn the client and Chapter 7's duty ... |
| | | ... process through the lens of the consumer, removal of the safe harbour steps with greater clarity around how the Best Interest Duty is met and a review of key terms of advice (personal advice and general advice). Moreover, the retention of the Life Insurance ... |
| | | ... align with their values, and 65% agree that asking about client's ESG needs is required to fulfill their best interest duty." According to the report, the most popular topics discussed are renewable energy (53%), climate change (51%), fossil fuels ... |
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