Search Results | Showing 1 - 10 of 94 results for "Best Interests Duty" |
| | ... continue investing in the underperforming option in one way or another. Eleven files demonstrated breaches of the best interests duty and appropriate advice obligation, primarily in relation to the underperforming product, including no explanation as ... |
| | | In its final response to the Quality of Advice Review (QAR), the government plans to modernise the best interests duty and amend the Statement of Advice (SoA), while also granting approval for superannuation funds to provide personal advice. In its ... |
| | | ... any changes to the provision of Statements of Advice (SoAs) and the removal of Safe Harbour Steps from the Best Interests Duty and raised concerns that these recommendations may no longer be adopted. However, Jones assured delegates these changes are ... |
| | | ... reduce administrative burdens of financial advisers but is missing key pieces, such as the elimination of the Best Interests Duty and the overhaul of the Statement of Advice (SoA). Released today, the proposed legislation is the first tranche of the ... |
| | | ... representatives have not been adequately supervised, leading to some financial advice provided failing the best interests duty. The additional conditions follow targeted surveillance by ASIC, during which it found Shartru was not adequately monitoring ... |
| | | ... advice industry. The removal of Fee Disclosure Statements, rationalisation of fee consent, eradicating the Best Interests Duty Safe Harbour steps, were quick wins for the Financial Advice Association of Australia (FAAA). "These phase one responses show ... |
| | | ... provide to members and the restrictions on collective charging of fees should be removed," she said. "The new best interests duty would be a true fiduciary duty that reflects the general law and will not include a safe harbour. This duty will apply only ... |
| | | ... not have a duty to act in the best interests of the client," she said. "But this is not a retrograde step. A best interests duty will apply to professional financial advisers - this is what it was intended for." However, this particular recommendation ... |
| | | ... legislated BID however after much industry feedback Michelle Levy amended her final report to recommend a Statutory Best Interests Duty. "We now have nearly 10 years of experience with the BID, so a sensible review of it is long overdue," Anderson said. ... |
| | | ... are able to employ "non-qualified persons" to give personal advice and not be held to FASEA standards or the best interests duty. "So, the government of the day paid a large sum of money to an organisation to write a report to ignore the recommendations ... |
|