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THE FOLD LEGAL
Financial planning
The corporate regulator is expected to look closely at conflicts of interests for in-house managed account fees but conflicts of interest are easy to avoid, according to ...
Features
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
Best interest duty could apply to licensees and mortgage brokers even if the product was not a mortgage, according to The Fold Legal....
Policy & Regulation
Financial advisers and authorised representatives looking to provide claims handling services for insurance products will be able to represent more than one Australian fi...
Financial planning
Recommending a super or investment platform is providing financial product advice and advisers need to make sure they meet the needs and objectives of clients, according ...
Financial planning
Those looking to acquire advice firms may be well-advised to terminate advisers if they have questionable regulatory compliance histories....
Financial planning
Advisers recommending in-house managed account products to clients could be subject to scrutiny on whether it is a conflict of interest, according to The Fold. ...
Financial planning
Licensees in an agreement with unlicensed product issuers cannot deal in a financial product unless they are issuing, varying, or disposing for the product issuer, accord...
Financial planning
Firms looking to structure its group purchasing arrangements should look to alternatives as the group purchasing body relief might be replaced soon....
Financial planning
It would be reasonable to have all Australian Financial Complaints Authority members pay for and be covered by the new scheme, according to a law firm....
Life/Risk
Legislation surrounding the regulation of claims handling may have insurers and related parties look to fall under a single Australian Financial Services License to ease ...
Financial planning
As planners may struggle to obtain finance to buy new practices, vendor finance may be a solution, according to a law firm....
Financial planning
The buyer of last resort process is more complicated than advisers might expect as some licensees are focusing on where they can manoeuvre away from the agreed valuation,...
Financial planning
The Safe Harbour provision does not provide as much protection as advisers expect and could be abolished in due course, according to The Fold Legal. ...
Financial planning
The 'weaponisation of compliance' is bringing up wider problems with licensees, not just a few individual bad apples. ...
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...