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Showing 41 - 50 of 136 results for "Best Interest Duty"

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 ...

Trust in advisers wanes

JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
... adviser always acts in their best interests, leading CFA Societies Australia to call for a strengthening of the best interest duty. A global investor survey, conducted at the back end of last year by the CFA Institute, shows Australia rank sixth out ...

Global manager reduces fees on flagship fund

ALLY SELBY  |  THURSDAY, 30 APR 2020
... "We are very pleased to offer a highly-competitive new fee structure, which assists advisers to meet their 'best interest duty' and provides a more attractive entry point to end investor. "As the industry transitions away from legacy systems and processes ...

HUB24 hires managed portfolios lead

HARRISON WORLEY  |  TUESDAY, 3 MAR 2020
... structural and regulatory adjustment," Matterson said. "At the same time, regulatory requirements such as the best interest duty are resulting in a greater focus on the fees and benefits of investment solutions for clients. "We've designed the SmartShield ...

Westpac to pay $9.5m for Corps Act breaches

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... former adviser. The court case relates to poor financial advice provided by Sudhir Sinha which breached the best interest duty and related obligations. It was also determined that the breaches were allowed to continue as they also benefitted Westpac. ...

ASIC wins appeal against Westpac companies

KANIKA SOOD  |  MONDAY, 28 OCT 2019
... telephone calls. The corporate regulator claimed that the two Westpac companies had breached their FoFA-stipulated best interest duty by advising rollovers to Westpac-related super funds without a proper comparison of options, as required by law. Both ...