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Showing 31 - 40 of 131 results for "Best Interest Duty"

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 ...

Level premiums to remain

ANNABELLE DICKSON  |  THURSDAY, 15 OCT 2020
... He explained the future of level premiums is thinking about how it works in the whole ecosystem and against best interest duty, price now versus price later and affordability.

More clarity on life insurance best interest duty needed: Research

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
... broad changes to Australia's retail disability income insurance market, including providing examples of Best Interest Duty in life insurance. The report said ASIC included in RG 175 examples of the application of the BID in various circumstances ...

FSC calls for scaled advice model

ALLY SELBY  |  TUESDAY, 11 AUG 2020
... manage their financial affairs. The advice provided under this model would also continue to operate within the best interest duty and would be free of conflicted remuneration, the FSC said. FSC chief executive Sally Loane said the industry body's recommendations ...

Calls for broad default life insurance system

ELIZA BAVIN  |  MONDAY, 27 JUL 2020
... and regulators should strive for the equity of access commissions can bring, while recognizing the explicit best interest duty and well-resourced regulatory infrastructure. "Without a balanced regulatory approach, more Australians will find themselves ...

Netwealth launches Milliman managed accounts

ANNABELLE DICKSON  |  FRIDAY, 24 JUL 2020
... raft of challenges, as the industry undergoes significant adjustments and regulatory requirements such as the Best Interest Duty were resulting in a greater focus on the fees and benefits of investment solutions for clients. "SmartShield has armed advisers ...