Best interests duty

Superannuation

Including 'financial' in 'best interests duty' an overreach

The proposal as part of the Your Future, Your Super bill is unnecessary and clashes with existing legislative requirements, according to Market Forces....

Financial planning

Do advisers exiting vertical integration struggle on best interests?

Understanding the full implications of the code of ethics and its implementation as well as the best interests duty might be bothering some advisers....

Expert Analysis

The new shape of best interests duty

Zoe Higgins examines the changes surrounding best interests duty and how it will affect mortgage brokers who will have to ensure they are lending responsibly....

SMSF

SMSF adviser banned for best interests failure

Wayne Blazejczyk recommended clients with low super balances to set up a SMSF and use an admin service he was the owner of and to invest in a fund that he was the investm...

Financial planning

ASIC wins appeal on personal advice

ASIC has won an appeal against two Westpac subsidiaries that provided personal advice to customers that breached best interests duty....

Financial planning

Is ASIC best interests project driving up advice costs?

A little talked about Australian Securities and Investments Commission project around the adviser best interests duty has been identified as substantially increasing red ...

Financial planning

80% of advisers say BID improves advice

Four out of five advisers believe that the Best Interests Duty has been necessary to raise industry standards, with the compliance regime improving their confidence in th...