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Showing 31 - 40 of 136 results for "Best Interest Duty"

IDII pitfalls advisers should avoid

KARREN VERGARA  |  WEDNESDAY, 22 SEP 2021
... newer products with higher premiums and less features or benefits. First and foremost, Cameron said that the best interest duty must be front of mind in this context. "Advisers need to make reasonable inquiries into the client's relevant circumstances ...

Managed accounts fulfil best interest

ANNABELLE DICKSON  |  WEDNESDAY, 28 JUL 2021
The increased uptake of managed accounts is seeing advisers fulfil their client best interest duty with ease, according to new research. The latest Investment Trends Managed Accounts Report showed 91% of advisers rated managed accounts as 'good' or ...

Lumiant raises capital, adds to board

KARREN VERGARA  |  WEDNESDAY, 23 JUN 2021
... against the FASEA code of ethics, as well as ensuring advisers can easily adhere to know your customer and best interest duty requirements by letting the customer scope their advice."

"Financial" in BFID is no big deal: Academic

KANIKA SOOD  |  WEDNESDAY, 7 APR 2021
A UNSW academic says subjecting superannuation funds to "best financial interest duty" instead of just "best interest duty" is not material, but BFID's flow-on effects will be concerning for trustees. University of New South Wales director for centre ...

ESG managed accounts on the rise

ANNABELLE DICKSON  |  WEDNESDAY, 7 APR 2021
... pandemic," Schaffer said. Over 80% of advisers that use managed accounts believe it is easier to demonstrate client best interest duty through managed accounts compared to managed funds (73%) and a portfolio of direct shares or listed investments (69 ...

Milliman hires head of distribution

KARREN VERGARA  |  TUESDAY, 23 MAR 2021
... already facing a raft of challenges in the wake of the Royal Commission, with regulatory requirements such as best interest duty drawing a focus on the fees and benefits of investment solutions for clients. Our SmartShield Managed Accounts have armed ...

Low pass rate for latest FASEA exam

ELIZABETH MCARTHUR  |  THURSDAY, 18 MAR 2021
... included demonstrating a practical application of due diligence, identifying judgement and biases and applying best interest duty. The other area advisers underperformed in was financial advice construction, including demonstrating an understanding of ...

FASEA exam results for November 2020

ELIZABETH MCARTHUR  |  TUESDAY, 22 DEC 2020
... knowledge of the components of key advice documentation and demonstrating the ability to identify breaches of best interest duty and subsequent notification obligations.

Iress scores dealer group mandate

JAMIE WILLIAMSON  |  TUESDAY, 8 DEC 2020
... efficiently ensure advisers' service obligations are met, fees are appropriately charged, and a myriad of other Best Interest Duty risks are mitigated." FYG sees significant opportunities to expand its use of Lumen, including across business intelligence ...

Cost of advice soars as red tape grows

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... offered conflicting viewpoints and differing interpretations of important professional standards such as the Best Interest Duty (BID) requirement," he said. "Every agency tasked with overseeing the financial planning profession must be funded. Ultimately ...