Give us guidance if there’s no safe harbour: SIAA
The Stockbrokers and Investment Advisers Association wants guidance for what will satisfy the Best Interest Duty after the safe harbour provisions are removed as part of the QAR reforms. The association also weighed in on two controversial elements of the QAR legislation, expressing concern over super fund advice fee oversight rules, but has admitted there is a “divergence of views” over the new class of “qualified advisers”.
Compliance