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Showing 1011 - 1020 of 4099 results for "Conduct"

Managed accounts fulfil best interest

ANNABELLE DICKSON  |  WEDNESDAY, 28 JUL 2021
The increased uptake of managed accounts is seeing advisers fulfil their client best interest duty with ease, according to new research. The latest Investment Trends Managed Accounts Report showed 91% of advisers rated managed accounts as 'good' or ...

BTFM, Asgard Capital fined $3m

KARREN VERGARA  |  MONDAY, 26 JUL 2021
... fact that customers requested to remove the service of a financial adviser. Both firms engaged in misleading or deceptive conduct, the court said, by providing customers with statements which did not show that ongoing adviser fees continued to be deducted. ...

AMP shakes up advice service model

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 26 JUL 2021
... engaged in this process," Armstrong said. AMP and subsidiary AMP Financial Planning were investigated for alleged criminal conduct for charging fees for no service in relation to its BOLR Policy and for making misleading statements. In July, the corporate ...

Greenwashing scrutiny needed: Evergreen

ELIZABETH MCARTHUR  |  FRIDAY, 23 JUL 2021
... continue to do so. 'Boards should be mindful that prohibitions in the Corporations ACT 2001 on misleading and deceptive conduct and false and misleading statements apply in relation to financial products such as securities or interests in funds," Armour ...

Companies failing harassment victims: ACSI

ELIZABETH MCARTHUR  |  THURSDAY, 22 JUL 2021
... said, as only 17% of harassment victims will report it. To properly tackle the issue, she suggested that companies should conduct de-identified, anonymous surveys. These surveys should ask about specific harassment behaviours and whether workers have ...

ASIC prepares licensees for reference checks

KARREN VERGARA  |  WEDNESDAY, 21 JUL 2021
... background checks beyond reference checking before authorising new representatives. "Licensees are subject to general conduct obligations which include taking steps to ensure that their representatives comply with financial services laws or credit legislation," ...

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
The government on Friday released the draft legislation for the Financial Accountability Regime (FAR) which will apply to superannuation funds and insurers. The FAR extends the Banking Executive Accountability Regime (BEAR) which has applied to banks ...

Economic recap: Week to July 16

BENJAMIN ONG  |  MONDAY, 19 JUL 2021
The Delta variant that's doing the rounds in Greater Sydney crossed the Victorian border last week - prompting a five-day lockdown in the state at about the same time that NSW imposed tighter restrictions. Previous to this and conducted "through ...

Zenith introduces ESG classification

KARREN VERGARA  |  FRIDAY, 16 JUL 2021
More than 800 funds on Zenith Investment Partners' approved product list now have a responsible investment classification. The responsible investment classification aims to help financial advisers with an environmental, social and governance (ESG) ...

No charges in AMP BOLR investigation

JAMIE WILLIAMSON  |  FRIDAY, 16 JUL 2021
ASIC's criminal investigation into AMP's fee-for-no-service conduct related to its Buyer of Last Resort Policy has wrapped up, with the regulator and Commonwealth Director of Public Prosecutions determining no charges should be brought. Under ...