Search Results | Showing 31 - 40 of 308 results for %22Best Interest Financial Duty%22 |
| | | ... potential future CSLR". The Federal Court recently ordered Dixon Advisory to pay $7.2 million for failing to act in the best interest of eight clients on 53 occasions with respect to their investment in the ASX-listed US Masters Residential Property ... |
| | | | ... commenced the search for a successor fund following an independent review that found it would struggle to satisfy members' best interests in two years' time. The Alcoa of Australia Retirement Plan has informed members it is developing a criterion ... |
| | | | ... outs undermine the YFYS reforms, which were carefully devised to ensure super funds invest members savings according to the best financial interest duty. Earlier this week, a spokesperson for assistant treasurer and minister for financial services Stephen ... |
| | | | ... that Standard 3, which states advisers must not "advise, refer or act in any other manner where you have a conflict of interest or duty" is most onerous. "Much of the dissatisfaction with the Code has been directed at the idealistic, but completely impractical ... |
| | | | ... keep in mind." In this episode of the Financial Standard podcast, Levy also addresses her proposed shift from the best interest duty, explaining why good advice is "more than acceptable", as well as concerns around financial advisers competing with non-relevant ... |
| | | | ... back to a product-first methodology." Henderson said she raised this issue directly with Levy who responded that best interest requirements would remain a part of the good advice framework. "Specifically, indicating that the advice needs to reasonably ... |
| | | | ... saying 'this is a disaster." She explained the bottom line as to why it was labeled as such was down to the best interest duty in the Corporations Act being removed and replaced by a good advice duty. "In my view, that's a very strong consumer ... |
| | | | ... in the law, an obligation to give good advice. It's a big shift because the current law very much focuses on best interest duty, duty of priority for that process," she said. Levy said she has had a lot of discussions around the current "checklists". ... |
| | | | ... reflect client circumstances − or advice models that lead to one-size-fits-all outcomes - are less likely to meet best interest duty obligations and can expose clients to a risk of capital loss." Dixon Advisory is currently in voluntary administration ... |
| | | | ... opportunity to regain in the future," Bevan said. Perhaps most detrimental to the traction of implementation can be the best interest duty, he said. Explicitly, having too many compromises in how a program is built and too much of a focus on the adviser ... |
|
