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Showing 1511 - 1520 of 3918 results for "law"

ASIC bans financial adviser

KRISTI CHENG  |  WEDNESDAY, 28 AUG 2019
... Advice. Commissioner Danielle Press said ASIC's decision reflects its expectation that financial advisers comply with the law and act in their client's best interests and not their own. "Assessing client needs and providing a clear Statement of Advice ...

Treasurer moves on broker remuneration

ELIZABETH MCARTHUR  |  TUESDAY, 27 AUG 2019
... close to 60 % of home loans," Frydenberg said in a statement. "The implementation of the best interests duty will bring the law in line with what consumers expect of mortgage brokers." The Government's reform of mortgage broker remuneration will require ...

Climate policy more than divesting: UniSuper

HARRISON WORLEY  |  TUESDAY, 27 AUG 2019
Discussing the impact of climate change on super funds at the FSC Summit this morning, UniSuper chief investment officer John Pearce has said simply divesting certain holdings is not an effective strategy. Appearing on a panel discussing the investment ...

Pension fund joins action against Facebook

KRISTI CHENG  |  FRIDAY, 23 AUG 2019
The California State Teachers' Retirement System has joined a derivatives case against Facebook in regards to Cambridge Analytica. The litigation at hand is a pending derivative lawsuit against Facebook's leadership, including the social media company's ...

ASIC bans SMSF business director

HARRISON WORLEY  |  THURSDAY, 22 AUG 2019
... and diligence," ASIC said. As a result, the regulator considered it likely Goldenberg would contravene financial services law again. Separately, ASIC yesterday announced it would review the progress of the transition away from grandfathered conflicted ...

Super fund renews admin contract

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 AUG 2019
A $57 billion industry superannuation fund has renewed its administration contract, continuing a long-held relationship with Link Group. Rest has renewed its arrangements with Link Group for a term of 3 years and 8 months and includes an option for ...

Peak bodies respond to government roadmap

KRISTI CHENG  |  TUESDAY, 20 AUG 2019
... grandfathered conflicted remuneration, and said it was "disappointing, having fallen short on consumer protection." "While the new law puts a stop to financial advisers charging fees-for-no-service, it does not remove the incentive for advisers to recommend ...

Frydenberg flags new advice disciplinary system

HARRISON WORLEY  |  MONDAY, 19 AUG 2019
... added the scale and complexity of the government's response was unprecedented, drawing a comparison with the Corporate Law Economic Reform Program introduced in the 1990s. "It [government's response] demonstrates the government's commitment ...

EY bolsters financial services law team

HARRISON WORLEY  |  MONDAY, 19 AUG 2019
... Former Norton Rose Fullbright partner Nikki Bentley joined EY Australia this month as a partner in its financial services law division to help boost the firm's offering to the local finance sector. Bentley, who chairs the Australian regulatory committee ...

AMP advice lead rejects AMPFPA claims

JAMIE WILLIAMSON  |  MONDAY, 19 AUG 2019
The head of AMP's advice business has rebuffed claims the group failed to meet its legal obligations to advisers in announcing changes to its Buyer of Last Resort terms, saying the AMP Financial Planning Association was informed ahead of time and ...