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Showing 111 - 120 of 475 results for "Conflicts of interest"

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 ...

A sensible roadmap: Industry responds to QAR paper

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... criticised the recommendation, saying that so long as asset-based fees remain, there is real potential for conflicts of interest. The best interests duty is the only bulwark consumers have against poor advice," Financial Counselling Australia chief executive ...

OTC derivatives provider loses licence, executives banned

CASSANDRA BALDINI  |  THURSDAY, 14 JUL 2022
... financial services laws weren't taken and failed to have in place adequate arrangements for the management of conflicts of interest. Sirius Financial will surrender its licence and wind down retail and wholesale operations and will cease providing financial ...

Chorus of self-interest in financial advice: SCA

JAMIE WILLIAMSON  |  WEDNESDAY, 6 JUL 2022
... and better-quality solution than the alternative, which is to let 140 super funds hamstrung by financial conflicts of interest all go and reproduce the same guidance as each other," he said. "These debates are too often crowded out by self-interest. ...

US firm backs Koda Capital

JAMIE WILLIAMSON  |  THURSDAY, 12 MAY 2022
... established Koda as a leading independent wealth advisory business, owned by its people and free from the conflicts of interest that come with vertical integration," Tucker said. "Koda's independent advice model has enabled us to provide a compelling ...

UBS Australia could be banned from Papua New Guinea

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 APR 2022
Investment banking giant UBS could be banned from Papua New Guinea and forced to repay tens of millions as a Royal Commission uncovers questionable conduct. A Royal Commission will shortly deliver its verdict in PNG after examining a 2014 decision by ...