Wealth

Best interests duty ‘reflects customer expectations’: Treasurer

By August 28, 2019 September 6th, 2019 No Comments

Here’s what you need to know of the proposed bill.

Have you heard the newly proposed best interest duty of obligation on mortgage brokers?

If you are a client of a mortgage broker, you need to be aware of what the new bill is proposing and what it means for you.

To give you a heads up here is one of the snippets from the draft bill, “Any recommendations made could be expected to be based on consumer benefits rather than benefits that may be realised by the broker (such as commissions).”

This is just one of the many things that you need to look forward to with the proposed bill.

To know more about the bill and its implications, click here.

If you have questions, contact us.

HTA Wealth

HTA Wealth

We help our clients exceed their financial goals so that their risk is managed while creating a lasting legacy. Ben Seeger & HTA Wealth Pty Ltd are Authorised Representatives of Australian Unity Personal Financial Services Ltd ABN 26 098 725 145, AFSL No. 234459, 114 Albert Road, South Melbourne, VIC 3205.

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