When can financial advisers recommend a switch to an in-house product?

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There is a conflict any time a financial adviser recommends an in-house product, but the conflict can be managed. ASIC has determined that conflicts with in-house products do exist In

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Deal trends: Warranties and indemnities in the sale of financial advice portfolios

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The sale of financial advice portfolios is on the rise and both buyers and sellers are finding new ways to allocate risk. In this post, we put the current deal

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Lenders may need to vary their licence to sell at POS

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Financiers who distribute through retailers may need to vary their licence in preparation for the end of the point-of-sale (POS) exemption. The exemption was flagged to go by the Royal

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Five reasons ASIC will reject your licence application

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ASIC rejects 30% of AFS licence applications and 24% of credit licence applications. In this article, we explain why it rejects applications and give you tips on how to avoid

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How lenders and brokers should assess credit card costs now

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New responsible lending rules have changed the way brokers and lenders should now calculate credit card costs in all lending applications . In the first part of this series, we explained what

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Can’t get mandatory PI cover? Here’s what to do

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Some financial services and credit licence applications are being delayed because licensees simply cannot buy professional indemnity (PI) insurance. We outline what to do if this is happening to you.

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New credit card rules affect all lenders and brokers

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This is the first post in a two part series on the new responsible lending rules for credit cards. Tighter new rules mean that credit card providers must assess credit

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TPB ups the ante on privacy consent

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Registered tax (financial) advisers have a higher obligation than other financial planners when disclosing information about their clients to third parties. This is because the Tax Practitioners Board’s (TPB) Code

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Four emerging trends in insurtech

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You might think that Australia is behind the rest of the world when it comes to insurtech – but it’s not. After seeing what’s on offer in both Europe and

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Royal commission response: Anti-hawking

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Currently insurers are not permitted to offer financial products for issue or sale to retail clients in the course of or because of an unsolicited meeting at all, or in

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