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Australia regulator begins enforcing Oz version of fiduciary rule

Month: November 2016

International Investment

Australia regulator begins enforcing Oz version of fiduciary rule

  Australia regulator begins enforcing Oz version of fiduciary rule   As US insurance brokers, financial advisers and financial services companies await word as to whether president-elect Donald Trump really will go ahead with rumoured plans to derail a proposed, legally-binding “fiduciary rule” affecting retirement product sales, Australia’s regulator has begun enforcing a similar rule. …

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International Adviser

Australia unveils standards bill on degree-qualified advisers

Australia unveils standards bill on degree-qualified advisers   Australia has introduced a new professional standards legislation that will require financial advisers to be degree-qualified. In a statement on Wednesday, financial services minister Kelly O’Dwyer, confirmed that the Corporations Amendment (Professional Standards of Financial Advisers) Bill 2016 has been introduced into parliament. Under the new system, …

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