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Showing 41 - 50 of 65 results for "DDO"

ASIC tells super trustees to improve TMDs

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
... products that are no longer for issue or sale. Meanwhile, as previously reported by Financial Standard, ASIC issued its first DDO stop orders for three companies over deficiencies in their products' TMDs in July. This marked the first use of its ...

ASIC continues crack down on deceptive advertising

CHLOE WALKER  |  TUESDAY, 2 AUG 2022
... Mine Pty Ltd (PPMPL), a related entity of RES. The second order was the first time ASIC had issued a stop order under the DDO rules and prohibited RES from issuing interests in a class of interests in its RES Investment Fund as a result of deficiencies ...

ASIC issues first DDO stop orders

JAMIE WILLIAMSON  |  THURSDAY, 28 JUL 2022
... product distribution without a TMD for what is considered a high-risk offer. ASIC also made orders for non-compliance with DDO. "Under the law, firms must embed a consumer-centric approach. They need to design financial products that meet the needs of ...

Netwealth tops platform ratings

CHLOE WALKER  |  MONDAY, 21 FEB 2022
... consent obligations, all platforms have offered digitised templates, enhanced tracking and notifications. With respect to DDO, we note with interest HUB24's integrated online chat tool through which advisers can raise complaints and report significant ...

AIOFP petitions to delay DDO, annual renewal

KARREN VERGARA  |  FRIDAY, 1 OCT 2021
... happened, the cost of advice now precludes around 80% of eligible consumers," the petition reads. The annual renewal agreement and DDO regime were introduced during COVID where implementation confusion is widespread amongst product providers, regulators ...

ASIC prepares advisers for DDO

KARREN VERGARA  |  FRIDAY, 17 SEP 2021
... advisers to help them prepare for the changes. Information Sheet 264 was specifically created to help advisers with their DDO obligations. The "reasonable steps obligation" highlights how both financial product issuers and distributors must take reasonable ...

DDO nil-reporting rule scrapped

KARREN VERGARA  |  THURSDAY, 16 SEP 2021
In a win for financial advisers, the Design and Distribution Obligations (DDO) regime will scrap the nil-reporting rule. In the Updated amendments to the design and distribution obligations document released by Treasury, advisers will no longer be required ...

Iress integrates DDO with Xplan

ANNABELLE DICKSON  |  MONDAY, 30 AUG 2021
Iress' design and distribution obligation (DDO) solution will be integrated with Xplan allowing financial advisers who use the software to access Target Market Determinations (TMDs) throughout the entire advice process. Iress' DDO solution has three ...

Benefits of advice reforms yet to materialise

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... consent to pass on costs are three reforms under the Financial Sector Reform Act. The Design and Distribution Obligations (DDO) will take effect in October while all existing registered financial advisers have until 1 January 2022 to pass the FASEA exam ...

FSC launches DDO templates

ANNABELLE DICKSON  |  THURSDAY, 8 JUL 2021
... (FSC) and 60 of its members have worked together to launch two products ahead of the design and distribution obligations (DDO) regime. The FSC and members from life insurance, funds management and superannuation have collaborated templates for Target ...