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Showing 1131 - 1140 of 2894 results for "Standards"

APRA could oversee stalled super fund mergers

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... their fundamental obligation to act in the best interests of members. In doing so, their conduct fell below community standards and expectations," Hayne noted in the final report's case studies. The Commissioner stopped short of commenting on the board ...

Conflicts of interest recommendation falls short

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... architecture underpinning our system is strong and that the best interests covenant, and sole purpose test, set high standards for trustees operating superannuation funds." Fahy said it will be important to work through each of the recommendations carefully ...

Misconduct must end: Frydenberg

DARREN SNYDER  |  MONDAY, 4 FEB 2019
... protections for consumers, small business and rural and remote communities." "Second, they raise accountability and governance standards. Third, they enhance the effectiveness of regulators. Fourth, they provide for remediation for those harmed by misconduct," ...

Hayne recommends new regulatory overseer

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... of superannuation. The Commissioner recommended APRA should be responsible for establishing and enforcing prudential standards within superannuation, with the regulator called on to ensure financial promises made by superannuation entities APRA supervises ...

Royal Commission principles not simply an add-on

DARREN SNYDER  |  MONDAY, 4 FEB 2019
A set of ideas or principles aligned to community standards resulting from the financial services Royal Commission must not be solely grafted as optional extras for better business profits, an ethics specialist believes. The Ethics Centre executive ...

Hiring outlook subdued: Poll

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... dominated headlines and brought into question the sector's pursuit of short-term profit at the expense of basic standards of honesty. This week we ask if the credit crunch will deepen at the effect of the financial services Royal Commission's ...

TAL to offer FASEA masterclass

HARRISON WORLEY  |  THURSDAY, 31 JAN 2019
... education requirements. TAL said 2019 would see the life insurer support financial advisers to satisfy the FASEA education standards through its Risk Academy program. A new FASEA Masterclass will help advisers prepare for their exam, while a redesigned ...

Advisers question value of best interests duty

DARREN SNYDER  |  WEDNESDAY, 30 JAN 2019
... One in five financial advisers disagrees or strongly disagrees the best interests duty was necessary to raise industry standards. And more than 70% believe the duty has not improved advice quality. These are two of 11 findings from research released ...

ASIC bans former NAB, CBA advisers

JAMIE WILLIAMSON  |  THURSDAY, 24 JAN 2019
... "They have an obligation to act in the best interests of their clients when providing advice and must adhere to ethical standards and conduct themselves with honesty and professionalism. ASIC will continue to take action where the conduct of financial ...

Advice firm hires from Macquarie Private Wealth

KANIKA SOOD  |  TUESDAY, 22 JAN 2019
... experience, accumulated over more than 30 years in financial services, and his uncompromising commitment to the very highest standards of client service, makes him a natural fit for Steward Wealth," Picone said. Grifa specialised in managing equity portfolios ...