The FSC wants comprehensive debate about the affordability and accessibility of financial advice in Australia, and the best solutions to secure that.
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The funds management sector represents $2.3 trillion in consolidated assets and is a key part of the Australian financial services sector, thus prompting ASIC to undertake a competition review of funds management.
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The FSC is doing extensive work to help members prepare for the start of the Design & Distribution Obligations (DDO) regime, which begins in October 2021.
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With the Design and Distribution Obligations (DDO) due to commence 5 October this year, the release of ASIC Regulatory Guide RG 274 Product Design and Distribution Obligations (RG 274) in December 2020 was eagerly anticipated by the industry.
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