The impact of best interests duty on asset finance brokers

In this webinar recording hear from Daniel Oh, Connective Group Legal Counsel and Brent Starrenburg, Head of Connective Asset Finance as they discuss the impact of best interests duty (BID) on asset finance brokers.

The original BID rules only applied to mortgage brokers, however, on 4 November Treasury announced they intend to extend BID to apply to all credit assistance providers.

This means asset finance brokers (not just mortgage brokers), would be subject to the new BID laws for any consumer lending they assist with from March 2021.

This webinar covers:

• A recap of BID
• How the proposed changes will impact asset finance brokers
• How to prepare your business for BID
• BID tools and resources to support you
• How BID applies to common scenarios.