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Showing 1181 - 1190 of 3918 results for "law"

FASEA releases more Code of Ethics guidance

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
FASEA has released a draft Financial Planners & Advisers Code of Ethics 2019 Guide for consultation. The draft is intended to provide an explanation of the application of the code. "The Code of Ethics provides an ethical framework of values and standards ...

ANZ fined $10m

ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
... had engaged in unconscionable conduct on two occasions, breached its general obligation to comply with financial services law and failed to do all things necessary to ensure that financial services were provided efficiently, honestly and fairly. The ...

Superhero nabs new recruits

ALLY SELBY  |  FRIDAY, 2 OCT 2020
Newly launched online trading platform Superhero has nabbed two new recruits, including a former Commonwealth Bank executive and Shaw and Partners manager, as sign ups and activity across the low-cost platform soar. Superhero co-founder and chief executive ...

CBA progresses with divestment to AIA

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
Commonwealth Bank has received another payment furthering the divestment of its life insurance business to AIA Group. CBA has received a payment of approximately $450 million for the sale of CommInsure Life with the proceeds resulting in a pro forma ...

Pension funds sue Allianz Global Investors

KARREN VERGARA  |  TUESDAY, 29 SEP 2020
... the Alpha Funds' losses, and may have engaged in market manipulation in a desperate attempt to mitigate such losses, the law firm said. Interestingly, the funds' strategy contradicted the warnings of the global firm's chief economist Mohamed ...

More clarity on life insurance best interest duty needed: Research

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
... understood by consumers with features and prices that better meet their needs. Taskforce recommendations include a review of the law around life insurance and issued a warning that regulators will continue to intervene until the sector shows sustainable ...

Japanese bank makes major voting blunder

ALLY SELBY  |  FRIDAY, 25 SEP 2020
... general meetings to July in the wake of the COVID-19 pandemic. "SuMi TRUST Bank and JaSt have, in consultation with external law firms, conducted a review into the appropriateness of the forward processing implemented by JaSt, and come to the final conclusion ...

Responsible lending laws to be revoked

ANNABELLE DICKSON  |  FRIDAY, 25 SEP 2020
The government has announced a raft of reforms to reduce barriers to Australia's credit framework as a means to boost the economy. The reforms will remove the responsible lending obligations from the National Consumer Credit Protection Act 2009 aiming ...

ASIC wealth director nabs promotion

ALLY SELBY  |  THURSDAY, 24 SEP 2020
... advice industry in Australia. Prior to her tenure with ASIC, Bird worked as an associate professor at Sydney University's Law School from 2010 to 2013, where she was responsible for teaching postgraduate and undergraduate courses in the areas of financial ...

Super funds squander member money: Bragg

KARREN VERGARA  |  THURSDAY, 24 SEP 2020
Senator Andrew Bragg is calling for greater scrutiny of how superannuation funds spend members' money, slamming the system that has enjoyed three decades of unquestioned opacity. Appearing at an Association of Superannuation Funds of Australia event ...