Lessons from the NSG Case | Licenses | imac legal & compliance

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Lessons From the NSG Case

The first post-FOFA ‘best interests case’ involving a licensee which advised retail clients in life risk insurance and superannuation products provides some useful observations and lessons for risk advisers.

The race to the first post-FOFA ‘best interests’ case has been run and won, with ASIC taking the clear honours. On 30 March 2017, the Federal Court in Melbourne handed down its judgment in Australian Securities and Investments Commission v NSG Services Pty Ltd, in the matter of NSG Services Pty Ltd [2017] FCA 345.

Read the full article in Risk Adviser

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