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Showing 51 - 60 of 82 results for "Design and distribution obligations"

ASIC outlines corporate plan

ANNABELLE DICKSON  |  THURSDAY, 26 AUG 2021
... Accountability Regime, reforms in superannuation and insurance, breach reporting, and the design and distribution obligations. In terms of its focus on unmet advice needs, ASIC will continue to engage with industry on the barriers to providing good quality ...

Benefits of advice reforms yet to materialise

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... and 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 ...

ASIC outlines approach to reforms amid uncertainty

JAMIE WILLIAMSON  |  FRIDAY, 13 AUG 2021
... new breach reporting obligations. From October 5, the industry must also comply with the new design and distribution obligations, new restrictions on hawking, the deferred sales model for add-on insurance, and updated internal dispute resolution requirements. ...

Data to improve TPD outcomes: ASIC

ANNABELLE DICKSON  |  MONDAY, 2 AUG 2021
... urging insurers to act now to meet the requirements of new insurance law reforms from the design and distribution obligations on 5 October 2021 and claims handling and settling services from 1 January 2022. ASIC said insurers should continue to invest ...

FSC launches DDO templates

ANNABELLE DICKSON  |  THURSDAY, 8 JUL 2021
... Council (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 ...

ASIC looks to tighten crypto ETP oversight

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JUN 2021
... will not be issuing any further expectations around how products of this nature would meet Design and Distribution Obligations (DDO) but has asked whether there is a need for clarification. Further, the regulator used the consultation paper as means ...

Regulators urge wider DDO adoption

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JUN 2021
... operate under the assumption that all their offerings must meet the requirements of the Product Design and Distribution Obligations (DDO) legislation. Releasing notes from the inaugural Superannuation CEO Roundtable that took place on April 30, ASIC ...

Life insurers getting into rehab concerning: SCA

KANIKA SOOD  |  TUESDAY, 18 MAY 2021
... Deanne Stewart said better data on members may potentially bring down premiums, while the Design and Distribution Obligations legislation will force superannuation funds to strip their insurance offers of anything that is not needed. Superannuation funds' ...

Iress partners with regtech for DDO

ANNABELLE DICKSON  |  FRIDAY, 23 APR 2021
... has announced it is integrating Objective Corporation with its blockchain technology for its design and distribution obligations (DDO) solution. The integration will allow product issuers to publish Target Market Determinations (TMDs) created through ...

FSC proposes new advice model

KARREN VERGARA  |  MONDAY, 19 APR 2021
... consumer-focus group. The FSC is calling for a simpler advice model that is consistent with the new Design and Distribution Obligations (DDO), which requires financial product issuers to know whether their consumers fall within the target market of their ...