FOFA Changes To Affect Education Benefits

November 23, 2017 imac legal 0 Comment

Changes to the Future of Financial Advice (FOFA) bill that passed through the Senate with bipartisan support in November last year would lead to an increase in the training and educational benefits allowed to advisers under the new definition of conflicted remuneration.

Imac legal and compliance director and principal lawyer Ian McDermott told financialobserver changes to the wording of the bill broadened the provisions surrounding conflicted remuneration, which would result in more education and training benefits becoming exempted from being considered conflicted remuneration.

Read the full article in Financial Observer

IMPORTANT:

Any advice on this website is general only and should not be relied on as a substitute for legal advice tailored to your situation. imac legal & compliance pty ltd trades as imac legal and as imac compliance. We will always let you know beforehand whether we are acting as a law firm or as a compliance consultancy (and not as a law firm) for a particular matter. You have several rights and protections under the law when we act as a law firm.

Liability limited by a scheme approved under Professional Standards Legislation when providing legal services.

Location

Email

Phone

FOFA Changes To Affect Education Benefits

IMPORTANT:

Site Map

Recent Posts

Simplifying the financial services laws – pipe

Cyber crime – coming to a financial

SOA Myths and Mistakes

Newsletter