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Showing 11 - 20 of 153 results for "Interest Duty"

APRA moves to ensure improved member outcomes

ANDREW MCKEAN | FRIDAY, 22 SEP 2023

... business-related expenses. The regulator's changes seek to align expenditure requirements more closely with the best financial interest duty and for the retirement phase, support the retirement income covenant. The reforms will mandate trustees to justify ...

Financial advice firms profits jumps: Research

CASSANDRA BALDINI | WEDNESDAY, 6 SEP 2023

... it would have no impact, 10% saw it as a negative, and 15% weren't sure. On the hotly debated shift from best interest duty to good advice duty, 47% felt it was a positive, while 32% concluded it would have no impact, 6% said it was a negative, and ...

Colonial First State previews new MA offering

CHLOE WALKER | WEDNESDAY, 6 SEP 2023

... The Accelerate Series has been designed in response to feedback from financial advisers, helping them meet best interest duty obligations through low-cost and flexible solutions. "The Accelerate Series is a game-changer," CFS group executive, distribution ...

Platform comparison fintech launches

KARREN VERGARA | TUESDAY, 22 AUG 2023

... products. SuitabilityHub provides all advisers digitised software that can bring a more holistic approach to the Best Interest Duty by looing looks at clients' needs and values that goes beyond fees," he said. The first step for an adviser is to ...

Advisers embrace less back-office burden

KARREN VERGARA | FRIDAY, 23 JUN 2023

... 9-11%, they said. "We recognise that the Safe Harbour Steps helps guide appropriate advice in line with the best interest duty," Pham said. "However, advisers that truly show their value, deliver great service and advice, go beyond merely completing ...

Labor advances super performance test changes

KARREN VERGARA | MONDAY, 19 JUN 2023

... consumers make decisions about whether to invest in these products and who themselves are subject to stringent best interest duty requirements." The wealth management firm is concerned that for many wrap products, the test would not be completed based ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA | TUESDAY, 13 JUN 2023

... principle. Eliminating many bugbears for financial advisers, the Safe Harbour Steps will be removed from the Best Interest Duty. Consultations remain so as to determine the implementation details and the implications of adopting the remaining parts of ...

Jones releases Your Future, Your Super review outcomes

KARREN VERGARA | TUESDAY, 4 APR 2023

... stakeholders and Treasury to ensure that members get the best possible outcomes." Super funds' Best Financial Interest Duty obligations will remain as is. "Ultimately every dollar spent will have an impact on member fees, which in turn directly impacts ...

QAR does not "trash" FoFA: Anderson

CASSANDRA BALDINI | TUESDAY, 7 MAR 2023

... good for consumers and a different solution needs to be found," he added. Finally, he said, redefining the Best Interest Duty (BID) and removing Safe Harbour steps should also be prioritised. The original QAR proposal suggested removing the legislated ...

My mind has not been changed: Levy

CASSANDRA BALDINI | WEDNESDAY, 8 FEB 2023

... 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 ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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