ANZ has highlighted its FOFA implementation credentials, claiming it has implemented the best interests duty for all its advisers and fully removed conflicted remuneration across its product suite.
“On 1 July 2013, ANZ had implemented the best interest duty for all ANZ advisers that operate either out of our bank branches or through our aligned dealer groups,” the submission states.The submission also noted the bank is keen to work with government and regulators to ensure clarity on “a number of technical aspects” of FOFA, including the opt-in and fee disclosure requirements.
The corporate regulator addressed concerns with the new regime.
The digital solution has launched.
The digital platform for financial advisers and accountants has confirmed the new appointment.
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