29 min
Understanding Target Market Determinations and DDO9 FAAA Podcast
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- Business
In this episode of the FPA Podcast, David Barrett, Head of Macquarie Technical Services joins Ben Marshan, Head of Policy, Innovation & Strategy, FPA to discuss what is a Target Market Determination (TMD) and as a financial planner what are the obligations and requirements you need to be aware of.
As part of the Design and Distribution Obligations (DDO), which came into effect in October 2021, financial planners are required to have Target Market Determinations (TMD) for clients as part of their advice obligations. A TMD describes who the product may be suitable for, based on their likely needs, objectives, and financial situation. In this podcast, David Barrett, Head of Macquarie Technical Services joins Ben Marshan, Head of Policy, Innovation & Strategy, FPA to discuss what is a Target Market Determination (TMD), why they were introduced, the role and obligations of financial planners with TMDs, how to develop a TMD template, how to adhere to TMD requirements and ongoing obligations.
In this episode of the FPA Podcast, David Barrett, Head of Macquarie Technical Services joins Ben Marshan, Head of Policy, Innovation & Strategy, FPA to discuss what is a Target Market Determination (TMD) and as a financial planner what are the obligations and requirements you need to be aware of.
As part of the Design and Distribution Obligations (DDO), which came into effect in October 2021, financial planners are required to have Target Market Determinations (TMD) for clients as part of their advice obligations. A TMD describes who the product may be suitable for, based on their likely needs, objectives, and financial situation. In this podcast, David Barrett, Head of Macquarie Technical Services joins Ben Marshan, Head of Policy, Innovation & Strategy, FPA to discuss what is a Target Market Determination (TMD), why they were introduced, the role and obligations of financial planners with TMDs, how to develop a TMD template, how to adhere to TMD requirements and ongoing obligations.
29 min