DDO

Financial planning

October kicks off regulatory reform for advisers

October sees the introduction of further Royal Commission recommendations and design and distribution obligations, heaping further pressure on financial advisers. ...

Financial planning

Advisers must start to understand DDO requirements

Prior to now, advisers were not in a position to deal with understanding the design and distribution obligations but now is the time given the raft of information coming ...

Financial planning

ASIC releases DDO FAQ for advisers and licensees

With the design and distribution obligation regime set to begin in less than three weeks, the corporate regulator has released guidance on what is most important for fina...

Financial planning

DDO changes to remove nil complaint requirement

The Government is seeking to make amendments to the design and distribution obligation regime including removing the requirement for advisers and licensees to report whet...

Financial planning

FPA questions DDO ‘fit-for-purpose’

The design and distribution obligation does not consider the unnecessary and unworkable record keeping and reporting the regime places on planners, as well as unfairly pa...

Policy & Regulation

DDO won’t absolve conflicts of interest

Product issuers and distributors need to be careful with what incentives apply to distributors who sell products to those target customers, according to EY....

Features

Drowning in compliance

There is a raft of compliance obligations coming into place over the next few months and advisers need to ensure they have all their ducks in a row to avoid any breaches,...

Financial planning

Advisers wary of property syndicate DDO referrals

Some financial advisers have expressed concern at being drawn into giving advice to inexperienced to clients on property syndicates because of the impact of Design and Di...

Policy & Regulation

FE fundinfo announces data and technology solution for DDO

It will be made available as part of the firm’s investment research and analytics software, FE Analytics, in time for the deadline on 5 October, 2021....

Policy & Regulation

Iress announces complete solution for DDO

The financial services technology company will deliver an industry-wide solution to help firms meet the upcoming design and distribution obligations which will come into ...

Policy & Regulation

Data management critical for upcoming DDO regulation

The introduction of design and distribution obligations this October will make it even more important for firms to have strict data management processes in place, accordi...

Policy & Regulation

ASIC reaches into super trying to couple DDO with member outcomes

Superannuation funds are being subjected to more scrutiny from the corporate regulator over how they deliver insurance inside super to members at the same time as the reg...

Policy & Regulation

ASIC warning – get DDO right from day one

A tick-a-box approach to the new design and distribution obligations will not do and financial services will need to get the new regime right from day one, according to t...

Policy & Regulation

ASIC pushes design and distribution out to late 2021

Implementation of the key financial products design and distribution obligations has been deferred until well into the second half of next year....

Policy & Regulation

FSC warns of increased expense under Financial Accountability Regime

Experience in the United Kingdom suggests it may be a lot more expensive to recruit and retain senior executives under the Government’s proposed new Financial Accountabil...