Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1351 - 1360 of 2509 results for "Legal"

Brexit endangers EU asset manager passport

KARREN VERGARA  |  MONDAY, 10 JUL 2017
Australian financial services companies relying on regional headquarters in London to access the European Union - essentially 28 countries - hangs in the balance once Brexit is finalised. Statistics from the Financial Conduct Authority show about 5500 ...

Insurers held to account with new FSC code

ALEX BURKE  |  MONDAY, 3 JUL 2017
... Law Reform Commission president David Weisbrot, former Actuaries Institute president David Goodsall and Financial Rights Legal Centre principal solicitor Alexandra Kelly.

Independence definition too restrictive: AFA

ALEX BURKE  |  WEDNESDAY, 28 JUN 2017
... "impartial" and "unbiased" is too restrictive. Kewin's comments follow yesterday's news that the regulator had received legal advice with respect to Section 923A of the Corporations Act, concluding that phrases such as "independently owned", "non-aligned" ...

ASIC clarifies IFA definitions, extends SoA deadline

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2017
... stated its position on the use of restricted terms relating to the independence of financial advisers. Following external legal advice, ASIC has clarified that phrases such as 'independently owned', 'non-aligned' and 'non-institutionally owned' and the ...

Advisers must seek alternative estate planning options: Austock

EMMA RAPAPORT  |  WEDNESDAY, 21 JUN 2017
... structured to achieve intergenerational wealth transfers by using the multiple Life Insured feature, which can allow a bond's legal ownership to continue after the bond owner's death, in the hands of a trustee, executor or estate administrator." The ...

MLC appoints claims chief from AIA

ALEX BURKE  |  TUESDAY, 20 JUN 2017
... at AIA Australia, including chief group insurance officer, chief operating officer and general counsel. She has also held legal positions at ASIC and Clayton Utz. In her new role, she will oversee MLC Life's 350-member claims team as they implement new ...

Equity Trustees appointed RE to multinational group

EMMA RAPAPORT  |  FRIDAY, 16 JUN 2017
... issues involved in overseeing a fund." "Our role is to take full responsibility for ensuring the fund is operating within the legal framework and that its governing constitution is flexible as it needs to be as well as providing certainty for investors ...

Super tax reforms take effect

KARREN VERGARA  |  FRIDAY, 16 JUN 2017
... refined changes to personal and corporate insolvency law made by the Insolvency Law Reform Act 2016. This change will reduce legal complexity, increase certainty for insolvency practitioners and remove unnecessary costs from insolvency proceedings," ...

Robo-advisers expected to meet fiduciary rule

ALEX DUNNIN  |  FRIDAY, 16 JUN 2017
... operate them. The push follows announcements the SEC made in February that robo advisers will not be exempted from any of the legal obligations that apply to other advisers. "An investment adviser's fiduciary duty includes an obligation to act in the ...

Funds management not up to scratch: ASIC

EMMA RAPAPORT  |  WEDNESDAY, 14 JUN 2017
The funds management industry has demonstrated broad commitment to its legal obligations but is still falling short in a number of areas. In a report issued yesterday, ASIC found that responsible entities operating managed funds on behalf of retail ...