The best interest duty in its current form is unworkable in practice and will give rise to significant unintended consequences if not amended. John Brogden, CEO of the FSC, said the best interest duty announced today would leave the industry grappling with uncertainty and would increase the cost of advice.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
Regulation