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Showing 1471 - 1480 of 3918 results for "law"

AFA calls for clarity on ethics code

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 OCT 2019
... AFA indicated it was disappointed by this release. "This is tantamount to FASEA creating its own laws, way above the current law," the AFA told members. "We simply do not understand how it is possible, when the Corporations Act only requires conflicts ...

Cbus veteran moves to APRA

ELIZABETH MCARTHUR  |  MONDAY, 21 OCT 2019
A superannuation industry veteran with over 20 years of experience working at Cbus has jumped to the regulator. Angela Thurstans was head of governance (company secretary) and compliance at Cbus and is now risk specialist, governance at the Australian ...

New SMAs launch

ELIZABETH MCARTHUR  |  MONDAY, 21 OCT 2019
... clients whether there are any environmental, social or ethical considerations that are important to them. "It is basically the law from 1/1/20 that all financial planners need to incorporate this type of advice into their recommendations," Price said. ...

FASEA clears up code of ethics

ELIZA BAVIN  |  MONDAY, 21 OCT 2019
... financial advisers with the authority saying: "It establishes ethical duties that go beyond the minimum requirements of existing law. It should be noted that, as a legislative instrument, the code has the force of law." "The implementation of industry-wide ...

Colonial First State hit with second class action in less than a week

ELIZA BAVIN  |  MONDAY, 21 OCT 2019
... fell below community standards and expectations. This is an understatement. We believe CFS's conduct was in breach of the law and it should be held to account and required to compensate its members." CBA said it acknowledges that proceedings have ...

APRA won't appeal IOOF judgement

ELIZA BAVIN  |  FRIDAY, 18 OCT 2019
... inherently unpredictable, however APRA remains prepared to launch court action, where appropriate, when entities breach the law or fail to act in an open and cooperative manner," Rowell said.

ASIC drags former adviser to court

HARRISON WORLEY  |  THURSDAY, 17 OCT 2019
A former financial adviser with a 25-year ban from the profession is facing court for allegedly using almost $2 million in client funds for his own benefit. Graeme Walter Miller appeared through his lawyer in Lismore Local Court on Wednesday, as the ...

Retail fund faces class action on MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
Thousands of MySuper account holders with Colonial First State will pursue legal action against the fund. Maurice Blackburn Lawyers today filed a class action against CFS in relation to alleged breaches of super trustee duties that it said have caused ...

YouTube fundie ousted, flagship fund to be wound up

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... diligence required by the fund's depository Northern Trust. The winding up is expected to commence in January, as European law requires investors are given three months' notice. The suspension was intended to give Woodford time to reposition the WEIF ...

Recognition for industry leader in fight against slavery

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... Steffanoni said the Modern Slavery Act is significant not just to managers like Ausbil, but superannuation funds as well. The law places an obligation on trustees of super funds with revenue greater than $100 million to report to the government on the ...