Search Results | Showing 1 - 10 of 12 results for "Good Advice Duty" |
| | | ... impact, 10% saw it as a negative, and 15% weren't sure. On the hotly debated shift from best interest duty to good advice duty, 47% felt it was a positive, while 32% concluded it would have no impact, 6% said it was a negative, and 14% weren't ... |
| | | | ... (Recommendation 2). Non-relevant providers will be able to provide personal advice (Recommendation 3) and the Good Advice Duty will be implemented. Under Recommendation 4, the Good Advice Duty applies to all relevant providers (qualified advisers) who ... |
| | | | ... about why anyone is worried about replacing the best interests duty, which very few people understand, with a good advice duty for institutions that provide financial advice to their customers. This will improve the quality of the advice they give," ... |
| | | | ... advice. This includes enabling super funds to provide personal advice to members and be subject to the proposed Good Advice Duty. However, many fear that superannuation funds, insurers and banks will gain more advice autonomy and the financial services ... |
| | | | ... perception of the value of advice," he said. Under the recommendation, Levy said super funds will need to satisfy the Good Advice Duty where they provide personal advice to members. If the fund employs a financial adviser to give advice, the adviser ... |
| | | | ... where it relates to a members' interests in the fund. Banks and super funds would be subject to the proposed Good Advice Duty. "The good advice duty isn't nearly good enough. People want access to independent help to avoid poor quality products. ... |
| | | | ... stitching of the Royal Commission are counteracted by the fact that non-relevant providers will need to uphold the Good Advice Duty. "That part hasn't change that was part of the original proposal," explained Anderson. "They (non- relevant providers) ... |
| | | | ... Levy's final report contains few surprises, however her recommendations include the introduction of both a Good Advice Duty and a Statutory Best Interests Duty. The 267-page final report, released today, includes 13 primary recommendations for making ... |
| | | | ... somebody else's products. "There are laws about acting efficiently, honestly and fairly and I'm proposing a good advice duty." |
| | | | ... evolving advice profession, to ultimately uplift the consumer experience," she said. Henderson also pointed to the good advice duty and said she believes it can allow for more innovative and consumer-centric ways of delivering financial advice, that ... |
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