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Showing 1461 - 1470 of 3918 results for "law"

Ethics code creates confusion around ESG

ELIZABETH MCARTHUR  |  MONDAY, 11 NOV 2019
... of the FASEA Code of Ethics - which all advisers will have to be compliant with from 1 January 2020. "It is basically the law from 2020 that all financial planners need to incorporate this type of advice into their recommendations," Price said. "We believe ...

Legal fight could change super game

ELIZABETH MCARTHUR  |  FRIDAY, 8 NOV 2019
... super. It's a public interest case and that's what I'm interested in," McVeigh says. Barnden adds: "It's an important area of law, not just for climate change but more broadly in the superannuation industry around the standards that trustees should be ...

Former Apogee, GPS Wealth advisers banned

JAMIE WILLIAMSON  |  THURSDAY, 7 NOV 2019
... to meet the clients' goals and objectives." ASIC will continue to take action where advisers are found to be breaking the law, Press added. "Advisers have a legal obligation to prioritise their clients' interests and to comply with the best interests ...

ASIC, MLC Nominees and NULIS in court

ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
... also failed to disclose that MLC Masterkey Personal Super members had a right to turn off the Plan Service Fee and broke the law by issuing defective disclosure documents, ASIC said. While MLC Nominees and NULIS have already agreed to remediate impacted ...

Super investment menus not what they seem: Rice Warner

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
New insights from Rice Warner questions whether superannuation investment menus are really appropriately designed for members. Since the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2018 passed in ...

CBA finalises CommInsure sale

ELIZA BAVIN  |  FRIDAY, 1 NOV 2019
Commonwealth Bank has completed the divestment of its life insurance business to AIA Australia, which includes a 25-year joint co-operation agreement. After more than two years of negotiations, CBA said it has received an upfront payment of $500 million ...

AMP extends adviser deadline

JAMIE WILLIAMSON  |  WEDNESDAY, 30 OCT 2019
... we are continuing to support them with a range of initiatives through this period," AMP said. Macdonald also confirmed the law firm selected by AMPFPA on behalf of its members, Corrs, has written to advisers who have expressed interest in the legal action. ...

AMP contests senior lawyer's claims

KANIKA SOOD  |  TUESDAY, 29 OCT 2019
Larissa Baker Cook overplayed her role in fee-for-no-services escalation and could be "verbose and dominant" in conversations, AMP says in its defence to her claim seeking compensation for unfair dismissal. The senior lawyer dragged her former employer ...

ASIC wins appeal against Westpac companies

KANIKA SOOD  |  MONDAY, 28 OCT 2019
... interest duty by advising rollovers to Westpac-related super funds without a proper comparison of options, as required by law. Both Westpac companies only had the licence to provide general advice and not personal advice. And so, it initially launched ...

Senior lawyer drags AMP to court

KANIKA SOOD  |  THURSDAY, 24 OCT 2019
A former AMP lawyer is claiming over $2 million from the company for unfair dismissal after she raised concerns about fee-for-no-services practices with its former top executives. Larissa Baker Cook was involved in AMP's legal preparation for the ...