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Showing 91 - 100 of 460 results for "Conflicts of interest"

PwC chief exits over scandal

CASSANDRA BALDINI  |  TUESDAY, 9 MAY 2023
... disgraced, and PwC said it reviewed and strengthened its controls, policies, and training with respect to conflicts of interest. Before stepping into the chief executive role in 2020, Seymour headed up PwC's tax department as its managing partner ...

Rating the rating houses: How much do advisers rely on fund research?

KARREN VERGARA  |  FRIDAY, 31 MAR 2023
... adviser roadshow that the advice profession has spent a better part of 10 years progressively weeding out conflicts of interest, putting itself in a position where it's a profession and a recognised profession. "[It] stands to reason that you, as ...

APRA preserves life insurance prudential standards

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
... unacceptable performance, and influencing improved retirement outcomes. Board capabilities, tenure, management of conflicts of interest and strength of internal control systems, including through targeted supervisory actions where sub-standard practices ...

APRA outlines 2023 super priorities

CHLOE WALKER  |  THURSDAY, 2 FEB 2023
... members over the long-term," APRA said. To do so, APRA will focus on board capabilities, tenure, management of conflicts of interest and strength of internal control systems, including through targeted supervisory actions where sub-standard practices ...

TPB bans PwC partner over breach

CHLOE WALKER  |  MONDAY, 23 JAN 2023
... agent registration. In addition, the TPB investigation determined that PwC had failed to properly manage conflicts of interest, when this confidential law reform information was shared with "partners and staff in their tax practice. ""PwC breached its ...

Code of Ethics must be fixed: Phil Anderson

CASSANDRA BALDINI  |  MONDAY, 28 NOV 2022
... impractical requirement in Standard 3," he explained. "We all know that it's impossible to remove all conflicts of interest." Anderson likened it to stopping a surgeon from recommending an operation and doing the operation. "We also know in financial ...

Super funds told to report asset valuations more frequently

ANDREW MCKEAN  |  FRIDAY, 18 NOV 2022
... with the terms of its arrangement. The regulator also wants RSE licensees to demonstrate how any potential conflicts of interest arising from the external manager providing its own valuations are to be managed. Additionally, APRA insisted that RSE licensees ...

APRA slaps extra conditions on Insignia trustees

JAMIE WILLIAMSON  |  FRIDAY, 4 NOV 2022
... governance in relation to member outcomes, oversight of service providers, risk, compliance and managing conflicts of interest. They must also appoint an independent expert to examine operational frameworks and processes, and rectify any issues identified ...

ASIC finds shortcomings in wholesale market practices

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
... industry standards. Report 741 Conduct risk in wholesale fixed income markets (REP 741) and Report 742 Managing conflicts of interest in wholesale financial markets (REP 742) summarise ASIC's surveillance activities and complement existing ASIC regulatory ...

APRA unmasks fund outsourcing impacts

ANDREW MCKEAN  |  THURSDAY, 6 OCT 2022
... arrangements, the oversight of service providers necessarily included navigation of actual and perceived conflicts of interest. While there aren't any legislative or prudential requirements for a trustee to operate a trustee office, a majority of the ...