Safe Harbour

Financial planning

Licensees hopeful of lower PI insurance with safe harbour change

Proposed legislative changes to safe harbour duty could result in advisers having reduced professional indemnity costs, a joint submission by seven major licensees said....

Financial planning

Safe harbour removal needs to be top priority

The cost to produce advice is around $5,335 but the average adviser is charging $3,660 and removing safe harbour and strengthening the code of ethics will reduce the cost...

Financial planning

Advisers unprotected by Safe Harbour provision

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. ...