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Showing 1181 - 1190 of 2383 results for "Rule"

Failure to monitor ESG may breach fiduciary duty

LAURA MILLAN  |  FRIDAY, 4 SEP 2015
A United States Supreme Court ruling has cleared the way for actions against institutions that fail to monitor the effects that climate change has on their portfolios. The Supreme Court held on 18 May 2015 that trustees have a fiduciary duty, emanating ...

APRA trustee reforms, definition of independence yet to be finalised

ALEX DUNNIN  |  TUESDAY, 1 SEP 2015
... paper. Given the definition of independence is central to these new practices, the paper states APRA will be given powers to rule on whether a trustee director is independent and whether a director is a 'fit and proper' person. In making such determinations ...

Industry gears for new settlement regime

MARK SMITH  |  TUESDAY, 25 AUG 2015
Custodians are on track reduce settlement times from three days to two days in time for the official regime change in March 2016. Firms are gearing up to start testing their readiness for the new T+2 Settlement regime in October. "Reducing settlement ...

Frydenberg relaxed about SMSF borrowing

DARREN SNYDER  |  MONDAY, 24 AUG 2015
Assistant Treasurer Josh Frydenberg has sent a clear signal that SMSF borrowing arrangements are unlikely to come under fire in upcoming tax reviews. In a speech to the Tax Institute, the Assistant Treasurer spoke widely about the parliament's tax and ...

Retirees still cautious about another GFC

DARREN SNYDER  |  FRIDAY, 21 AUG 2015
About one-fifth of retired seniors have kept their savings invested in shares post the global financial crisis (GFC) according to a study by National Seniors Australia and Challenger. The study was based on survey responses of about 2000 retirees, of ...

New draft super governance standards released

MARK SMITH  |  WEDNESDAY, 19 AUG 2015
The government has clarified uncertainty around the word 'independent' in its draft super governance legislation and agreed to a flexible transition period following consultation with stakeholders on new standards. In June, the Government released exposure ...

One down, two to go

BENJAMIN ONG  |  MONDAY, 17 AUG 2015
Following on from China's "rule of three", the ECB has three of its own. The minutes of the European Central Bank's (ECB) 15-16 July meeting revealed the three things that are keeping the governing council members awake at night - Greece, China and ...

Three for three

BENJAMIN ONG  |  FRIDAY, 14 AUG 2015
The "rule of three" states that, "things that come in threes are inherently funnier, more satisfying, or more effective than other numbers of things". (Wikipedia) The People's Bank of China (PBOC) must be a believer for yesterday it went for a devaluation ...

Regulation is not the only answer: Herbert Smith Freehills

LAURA MILLAN  |  WEDNESDAY, 12 AUG 2015
The word governance only appears nine times in the Wallace report, but 48 times in the Murray report, and many more times than that in the Cooper report. "Everything gets blamed on poor governance," Herbert Smith Freehills and university lecturer Scott ...

Sunsuper CIO retires

DARREN SNYDER  |  THURSDAY, 6 AUG 2015
Sunsuper chief investment officer David Hartley is retiring from the $34 billion industry fund but has ruled out full retirement from the investment industry. After a decade with Sunsuper, Hartley announced his retirement today and said it was time ...