Summary of Conflicts of Interest Policy

Background

We are committed to acting in the best interests of our customers, but recognise that potential conflicts of interest could arise in various situations. Our Conflicts of Interest Policy is designed to identify, manage, and, where possible, prevent such conflicts to ensure fair treatment for all our customers.

What is a conflict of interest?

A conflict of interest may occur:

• Between Beach and our customers: our interests, or those of our employees, new products or services, or a third party we are connected to, may conflict with the interests of a customer.
• Between customers: The interests of one set of customers may conflict with those of another set of customers.

Our approach to managing potential conflicts

To effectively manage potential conflicts of interest, we have a range of measures in place, which include:

• Identifying conflicts: we regularly review our business activities to identify potential conflicts.
• Prevention and management: we implement measures to prevent conflicts where possible and manage them effectively when they arise.
• Disclosure: we will notify our customers of any unavoidable conflicts before proceeding with a service or transaction.
• Training: we provide our team with training on identifying and managing conflicts.
• Monitoring: we maintain a conflicts of interest register and monitor reported risks regularly to ensure effective management.

Team responsibilities

All of our team are required to:

• Act with honesty and integrity.
• Be transparent about relationships and personal interests that could influence their judgment.
• Report any actual or potential conflicts of interest to their manager or our compliance team.
• Complete a conflicts of interest questionnaire when joining Beach and annually thereafter.

Annual review

Our Conflicts of Interest Policy is reviewed at least annually to ensure it remains relevant and effective in addressing potential conflicts.

More information

If you would like more information or would like this policy in a PDF format, please get in touch with our team at [email protected].