Search Results | Showing 1 - 10 of 308 results for %22Best Interest Financial Duty%22 |
| | ... was a retail investor as it had less than $10 million in assets and therefore entitled to the protections of the best interest duty. The complainant also argued that personal financial advice was provided and that the advice was inappropriate. "The financial ... |
| | | ... expressed growing concerns about APRA's effectiveness, particularly regarding perceived shortcomings in enforcing the Best Financial Interests Duty (BFID). Despite its straightforward intention, there's a worrying trend where large superannuation ... |
| | | ... was to 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 ... |
| | | ... Colonial First State (CFS), the new offering was designed in response to feedback from advisers, helping them meet Best Interest Duty obligations through low-cost and flexible solutions. "The Accelerate Series delivers a full-service managed account ... |
| | | 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 ... |
| | | ... the exclusion of 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 ... |
| | | ... legislation to 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 ... |
| | | ... client demographic in 2018, largely due to the complex regulatory environment and the difficulty of complying with Best Interest Duty obligations and how costly it was to do so, JBWere Australia chief executive Maria Lykouras told yesterday's AFR ... |
| | | ... to justify business-related expenses. The regulator's changes seek to align expenditure requirements more closely with the best financial interest duty and for the retirement phase, support the retirement income covenant. The reforms will mandate trustees ... |
| | | ... said it would have no 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 ... |
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