Search Results | Showing 11 - 20 of 48 results for "Safe Harbour" |
| | | ... QAR recommendations will make it easier for super funds to give personal advice to their members. "There will be no safe harbour steps to follow, and they will not have to give the member a statement of advice (SoA). That will improve the accessibility ... |
| | | | ... new best interests' duty would be a true fiduciary duty that reflects the general law and will not include a safe harbour. This duty will apply only to financial advisers (relevant providers)," it reads. Industry fears that the proposal will undo ... |
| | | | ... obligations for relevant providers and would be a true fiduciary duty reflecting the general law. It will not include a safe harbour. As previously proposed, the report states that the Corporations Act should be amended to provide that personal financial ... |
| | | | ... modest changes to the law, things around the edges," Levy said. "They suggested things like reducing the steps in the safe harbour or reducing some of the content requirements for statements of advice, removing annual consent requirements for ongoing ... |
| | | | ... submitters asked for and the FSC's proposed personal framework. Chiefly, advocating for the abolition of the safe harbour, clear definitions of advice and information, and simplified requirements. According to the FSC, areas of alignment included ... |
| | | | ... significantly reduce the cost of providing advice," the AFA said. Choice has opposed any change to the Best Interests Duty safe harbour until ASIC has provided empirical evidence that shows it is ineffective. "Seemingly they are oblivious to what is ... |
| | | | ... to play in reducing this pressure." Additionally, the submission also made recommendations for the removal of the safe harbour steps from the Corporations Act and clarity on what is needed to satisfy the best interests duty. A profession-wide position ... |
| | | | ... support". Hume spoke about changing regulatory tack at a recent industry event, suggesting that measures like the safe harbour provision can potentially be removed. Many in the audience could see through the smoke and mirrors. AIA Financial Services ... |
| | | | ... slated to take place before the end of May. Hume proposed introducing principles-based measures that can remove the safe harbour provision and simplifying Statements of Accounts and education requirements. AIA Financial Services chief executive and managing ... |
| | | | ... of deregulating the advice industry and putting in place principles-based measures that can remove things like the safe harbour provision at the AIA Adviser Summit 2022. Hume is using the upcoming Quality of Advice Review to make this possible. "We want ... |
|
