Search Results | Showing 11 - 20 of 121 results for "Interests Duty" |
| | | ... specifically reinforces trustees' accountability for ensuring expenditure decisions are aligned to the best financial interests duty." Cole said the expectation for trustees to act in the best financial interests of members is "not new, nor unreasonable". ... |
| | | | ... ASIC took action on Dixon Advisory in 2021, alleging 51 instances of bad financial advice that breached the best interests duty under the Corporations Act. ASIC ultimately settled for a $7.2 million penalty and $1 million to cover its legal costs. The ... |
| | | | ... union, the CFMEU, are not undermining its compliance with governance obligations, including the best financial interests duty and fit and proper obligations for its board of directors which includes CFMEU bosses," Howarth said. A BUSSQ spokesperson ... |
| | | | ... compliance checks, whilst also ensuring advisers can maintain high standards and satisfy obligations such as the Best Interests Duty, without compromising on speed. |
| | | | ... concerns about APRA's effectiveness, particularly regarding perceived shortcomings in enforcing the Best Financial Interests Duty (BFID). Despite its straightforward intention, there's a worrying trend where large superannuation entities, purportedly ... |
| | | | ... continue investing in the underperforming option in one way or another. Eleven files demonstrated breaches of the best interests duty and appropriate advice obligation, primarily in relation to the underperforming product, including no explanation as ... |
| | | | In its final response to the Quality of Advice Review (QAR), the government plans to modernise the best interests duty and amend the Statement of Advice (SoA), while also granting approval for superannuation funds to provide personal advice. In its ... |
| | | | ... any changes to the provision of Statements of Advice (SoAs) and the removal of Safe Harbour Steps from the Best Interests Duty and raised concerns that these recommendations may no longer be adopted. However, Jones assured delegates these changes are ... |
| | | | ... reduce administrative burdens of financial advisers but is missing key pieces, such as the elimination of the Best Interests Duty and the overhaul of the Statement of Advice (SoA). Released today, the proposed legislation is the first tranche of the ... |
| | | | ... representatives have not been adequately supervised, leading to some financial advice provided failing the best interests duty. The additional conditions follow targeted surveillance by ASIC, during which it found Shartru was not adequately monitoring ... |
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