Search Results | Showing 71 - 80 of 131 results for "Best Interest Duty" |
| | ... examining the adequacy of compensation arrangements, algorithms and the interaction between scaled advice and the best interest duty. "We have observed that some start-up businesses may offer a specific or scaled advice service-for example, advice on ... |
| | | ... investigating the proportion of clients being sold AMP products to determine whether AMP planners are meeting their best interest duty. As part of its ongoing Wealth Management Project, established in October 2014, ASIC has been scrutinising the conduct ... |
| | | ... the removal of heavily restricted approved products lists (APL), support for financial planners meeting their best interest duty and tighter regulation. An FPA consultation survey will be open for a week and will form the FPA's official response to the ... |
| | | ... frustrating that we need to reconsider our approach on how we run our business. "I think that the reinstatement of best interest duty is fine and will work okay. However, it's the ill-conceived legislation that is the opt-in duty that's going to be problematic ... |
| | | ... The changes include removing the opt-in requirement, streamlining of fee disclosure statements, amending the best interest duty and providing certainty around the provision of scaled advice. Some of these changes took effect on 1 July 2014, while others ... |
| | | ... fee disclosure statements, which have demanded system updates, had been a major challenge. They also said the best interest duty brings with it a high risk of non-compliance, and they have depended upon the 'safe harbour' steps to help them determine ... |
| | | ... among advisers who wanted to switch. "Following FoFA, and perhaps as a consequence of the introduction of the best interest duty, they now have increasing freedom," Investment Trends senior analyst Recep Peker said. "With a quarter of planners saying ... |
| | | ... next 90 days. These include setting up a financial adviser register, informing clients about the adviser's best interest duty and detailing fees and commissions. "This is very good news for consumers because they will be able to benefit from proper competition," ... |
| | | ... legislated. They include the removal of the opt-in requirement, the removal of the catch-all provision of the best interest duty, the provisions regarding investor access to scaled advice and the removal of the requirement for fee disclosure statements ... |
| | | ... on conflicted remuneration. The organisation also said it "strongly supports the catch-all provisions of the best interest duty," as well as the other amendments recommended by the Committee. On the conflicted remuneration issue, SPAA chief executive ... |
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