When ASIC conducted its detailed reviews between 2015 and 2017, it came as no surprise they found some damning results in relation to advice given by financial planners at our major banks. There is a requirement for advisers to act in their customers best interests called the ‘best interests duty’. https://www.apartnerinplanning.com.au/2018/08/06/asic-reveals-big-bank-planners-fail-with-best-interests-duty/