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Showing 21 - 26 of 26 results for "Best Interest Obligation"

Super members should face "better off test"

DARREN SNYDER  |  TUESDAY, 4 OCT 2016
Industry Super Australia wants a "better off test" requiring banks and other financial services providers to demonstrate that switching a member's superannuation will be beneficial. Additionally the representative group is calling for banks to ban all ...

ClearView calls for life insurance industry crackdown

ALEX BURKE  |  TUESDAY, 24 FEB 2015
ClearView Wealth Limited has petitioned Life Insurance and Advice Working Group (LIAWG) chairman John Trowbridge to fix numerous conflicts of interest within the industry. The key recommendations in ClearView's statement were indicating that narrow ...

FoFA changes no threat to best interest duty: lawyer

JAMES FERNYHOUGH  |  WEDNESDAY, 19 MAR 2014
... meaningful steps can be identified, even in the abstract, then it can scarcely be contended that the best interest obligation has thereby been compromised. Indeed, that very circumstance would reinforce the fundamental evidentiary problems that unfairly ...

Bowen's FoFA fears "complete rubbish": AFA

LAURA MILLAN  |  WEDNESDAY, 12 FEB 2014
... comments from Industry Super Australia (ISA) chief executive David Whiteley saying that changes on the best interest obligation were "an extraordinary and unseemly scramble to" wind the reforms back." "The recommendations that we see today are the recommendations ...

AFA releases draft code of conduct

BEN COLLINS  |  THURSDAY, 19 JUL 2012
The Association of Financial Advisers has released a member consultation paper outlining their draft professional adviser code of conduct. The draft was released with a view to it being finalised before the Australian Securities & Investments Commission ...

FOFA: Opt-in obligations, ASIC

ELISE BURGESS  |  MONDAY, 29 AUG 2011
... or acts in a contravention of obligations by another person. Finally, advisers found in breach of new best interest obligation rules by not acting in the best interest of their clients may see their authorised representative or licensee hit with a maximum ...
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