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

Search Results

Showing 121 - 130 of 460 results for "Conflicts of interest"

ASIC extends advice relief measure

KARREN VERGARA  |  THURSDAY, 15 APR 2021
... existing financial products that the client received advice on. The client must also be informed about any conflicts of interest, remuneration or benefits that the adviser might receive. ASIC's two other measures, which were introduced at the same ...

Count snaps up three former MLC firms

ELIZABETH MCARTHUR  |  THURSDAY, 1 APR 2021
... biggest drawcard for joining Count Financial is that they are an AFSL that believes in advice first, with no conflicts of interest in manufactured product," Stevens said. "They are not aligned with a product provider or platform and are purely advice-led ...

NZ overhauls regulation of advice

JAMIE WILLIAMSON  |  FRIDAY, 19 MAR 2021
... can advise on and limitations of their licence; fees and costs; and any commissions or other incentives or conflicts of interest that could impact the advice. They must also disclose their disciplinary history, including certain criminal convictions ...

ASIC imposes licence conditions on Poynter Hargraves

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 FEB 2021
... the necessary skill and experience. "ASIC expects licensees to have robust controls in place for managing conflicts of interest and adequate audit processes to monitor and supervise their representatives," the regulator said. "AFS licensees should conduct ...

ASIC suspends RE licence

KARREN VERGARA  |  MONDAY, 8 FEB 2021
The corporate regulator has suspended the AFSL of a responsible entity that oversees a property and mortgage fund for breaching several compliance and reporting obligations. The licence of Queensland-based financial services provider Investors Exchange ...

Diversa, BetaShares relationship probed

ELIZABETH MCARTHUR  |  THURSDAY, 4 FEB 2021
... consumers are being misled," Wilson said. "I think it sounds like there is an enormous amount of room for conflicts of interest." Hosain also revealed that Future Super receives a rebate from BetaShares, though he could not clarify what amount the rebate ...

Does financial services have a problem with women?

ELIZABETH MCARTHUR  |  TUESDAY, 19 JAN 2021
... employees to disclose any intimate relationships with anyone associated with BlackRock in a bid to mitigate conflicts of interest. And late in 2019, IFM Investors paid $493,000 to settle sexual harassment claims made against an executive director by ...

ASIC slams auditors

KARREN VERGARA  |  WEDNESDAY, 23 DEC 2020
... it is still early days, the watchdog is aiming to enforce actions against auditor misconduct, delve into conflicts of interest, and force more transparency in audit inspection results. A recent inquiry into the audit sector stopped short of breaking ...

Key advice reforms tabled

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
New regulation that requires financial advisers to disclose conflicts of interest and stamp out fees-for-no service have been tabled in parliament. The Financial Sector Reform (Hayne Royal Commission Response No. 2) Bill 2020 aims to strengthen many ...

QSuper bets on new retirement product

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
QSuper is building a new retirement product that guarantees a lifetime income, hoping to combat longevity risk and fears that retirees will run out of money. Chief executive Michael Pennisi told a recent member update that the product, while still in ...