Internal Policy on Conflict of Interest and Register of non-cash incentives

Babereki Dignity Plan Pty Ltd
A Registered Financial Services Provider

As a Registered Financial Services Provider we take our obligation to act for the best interest of our clients serious. so you can be sure your interest as our client is protected under this policy.

As a Registered Financial Service Provider under the policy we will provide you with the best cover value for your premium. See below for details of our Registration and the objectives of the FSP Registration policy.

FSP Policy Details

FSP : Babereki Dignity Plan Pty Ltd
FSB Licence : 42305
Key Individual : ERASMUS MBATHA
Representative : NONE

In accordance with a financial services provider’s obligation to act in the best interest of his or her client, it is not permissible for a financial services provider to engage in conduct, whether by acting or failing to act, which would amount to a conflict of interest with that of the client.

The primary objectives of this policy are:

  • To provide guidance on the behaviours expected in accordance with the Code of Conduct.
  • To promote transparency and avoid conflicts of interest.
  • To ensure fairness in the interests of clients.
  • To document the process for the disclosure, which may amount to actual, potential or perceived conflicts of interest.

Whenever the FSP renders a financial service, it must disclose to clients the existence of any personal interest in the relevant service, or of any circumstance which gives rise to an actual or potential conflict of interest in relation to such service, and take all reasonable steps to ensure fair treatment of the client.

Non-cash incentives offered and/or other indirect consideration payable by another provider, a product supplier or any other person to the FSP, could be viewed as a potential conflict of interest.

Disclosure will take the form of a specific disclosure of any personal interest in a specific service, as well as a general disclosure regarding non-cash incentives in the FSP’s Contact Stage Disclosure letter, as well as the maintenance of a Register of Non-Cash Incentives.

The details of any non-cash incentives offered and / or other indirect consideration paid to the FSP by any other FSP, a product supplier or any other person will be recorded in the non-cash incentives register. The register will be available on the premises should a client wish to obtain further details.

Personal Interest includes:

  • Instances where the FSP sells the product of a smaller product provider company in which the FSP has a financial interest- for example, is a shareholder in the company.
  • Instances where the interest is other than a reasonable amount of commission,
  • Instances where the FSP partakes in some sort of profit share with the product provider company.

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