Future of Financial Advice series: opt-in and fee disclosure
This update is intended as a general overview, targeted specifically at claims officers and underwriters of insurers of professionals required to comply with the Future of Financial Advice (FOFA) reforms.
Opt-in and fee disclosure is a two yearly opt-in arrangement and annual fee disclosure statement for clients paying ongoing fees.
For each client paying ongoing fees, being fees that continue for longer than 12 months, financial advisers are now required to give each client an annual statement disclosing the fees that the client has paid and the services they have received; and to send a renewal notice every two years and receive the consent of each client to continue charging them…
If you are registered and logged in to the site, click on the link below to read the DLA Piper briefing. If not, please register or sign in with your details below.
News from DLA Piper
News from The Lawyer
Briefings from DLA Piper
The Australian Securities Exchange has released an updated version of Guidance Note 17 to the ASX listing rules. This article sets out some of the changes to the original note.
Scotland has voted against independence. However, it is clear that changes will be made to grant further taxation powers to Scotland.
Analysis from The Lawyer
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.
A new breed of lawyer is smoothing the path for companies entering emerging or unstable jurisdictions