design and distribution obligations

DESIGN AND DISTRIBUTION OBLIGATIONS

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 ...

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 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...

Expert Analysis

Design and Distribution Obligations – Putting the Consumer First

The implementation of design and distribution obligations to the Australian financial services industry will bring with it a range of new challenges but, as Mikkel Bates ...

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...

Financial planning

DDO indirect impact to be ‘significant’

The new design and distribution obligations regime could increase costs that could be passed onto consumers, according to a law firm....

Financial planning

ASIC provides advisers a best interests break on DDO

The Australian Securities and Investments Commission will regard personal advice entailing client best interests as obviating many of the adviser strictures of the new de...

Policy & Regulation

Govt extends sweep of Design and Distribution Obligations

Platform providers and those engaged in managed accounts will need to be alert to new regulations which extend the sweep of the Design and Distribution Obligations regime...

Policy & Regulation

Lawyers argue against post-sale product intervention

The Law Council of Australia has urged the Government that it needs to amend proposed new financial product design and distribution laws to exclude intervention in produc...

Policy & Regulation

Will bank staff be mistaken for advisers?

The Australian Baking Association has warned that new Design and Distribution laws may result in bank staff being mistaken for advisers....

Life/Risk

Will Bill place advisers in conflict with insurers?

A key Senate Committee has been told that the Government’s new Design and Distribution Obligations and Product Intervention powers risk putting advisers in conflict with ...

Policy & Regulation

ASIC wants product sales training powers

The Australian Securities and Investments Commission is arguing that giving it product sales training intervention powers may reduce the need for it to take extreme actio...