Hi Jason,
Thank you for your post.
The Compliance Forum is a general forum for discussing compliance issues. As your enquiry raises technical legal issues regarding the application of the best interest duty obligation to your specific financial situation, we recommend that you seek legal advice.
Our financial services team can assist you with your query should you wish to progress it further.
Otherwise, you might wish to consider ASIC’s guidance in RG 175 and ASIC’s report on retail life insurance advice in Report 413.
Author: Jesse Vermiglio (Partner)
