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Showing 201 - 210 of 460 results for "Conflicts of interest"

IOOF executives dismiss conflicts of interest

KARREN VERGARA  |  FRIDAY, 10 AUG 2018
IOOF left some superannuation members in expensive legacy products despite board members recognising conflicts of interest existed in choosing to boost revenues over meeting "community expectations." The financial services Royal Commission continued ...

We have won the battle, not the war: AustralianSuper CEO

HARRISON WORLEY  |  THURSDAY, 9 AUG 2018
... available to the fund to deploy on their behalf." Earlier today the commission heard NULIS struggled to manage conflicts of interest between itself and NAB Wealth, in dealing with the plan service fee issue. Counsel assisting Michael Hodge suggested ...

Conflict of interest too great for NULIS: Royal Commission

HARRISON WORLEY  |  THURSDAY, 9 AUG 2018
Conflicts of interest between NULIS and NAB Wealth were too great for the superannuation trustee to manage, the Royal Commission has heard today. Counsel assisting Michael Hodge suggested to former NULIS chair Nicole Smith the trustee "simply couldn't ...

MLC MySuper investment budget was tight-fisted: Royal Commission

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
... Nicole Smith's questioning on day three, senior counsel assisting Michael Hodge attempted to highlight conflicts of interest in MLC's MySuper product. The fund was performing in the bottom quarter of peer MySuper products, returning about 1.9% ...

One measure not enough to revoke MySuper: APRA

HARRISON WORLEY  |  MONDAY, 6 AUG 2018
... superannuation licensees on administering outsourcing arrangements with related parties to effectively manage conflicts of interest. The regulator said it wanted to see licensees consider and document how the use of related parties was in the best interests ...

Super funds suit up for Royal Commission

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... superannuation system under the spotlight over the next two weeks and legal experts say a key question is whether conflicts of interest are influencing super funds and letting ordinary working Australians down. AustralianSuper, Cbus and AMP Super are ...

Banks take 1500 days to identify breaches: ASIC

KANIKA SOOD  |  THURSDAY, 26 JUL 2018
... Shipton targeted senior management in suggesting solutions to the trust deficit problem. He said if the conflicts of interest (such as were highlighted at the Royal Commission) are embedded in remuneration, they will become embedded in the organisation's ...

Super fund shortlist practically advice: IOOF

JAMIE WILLIAMSON  |  THURSDAY, 19 JUL 2018
... recommendation, IOOF referred to the Commission's own statement that panelists should be "free from direct conflicts of interest" and "not all members would need to have a high degree of experience in super." Agreeing that it would be inappropriate ...

APRA tells super funds to improve conflict of interest management

HARRISON WORLEY  |  WEDNESDAY, 30 MAY 2018
... superannuation licensees on administering outsourcing arrangements with related parties to effectively manage conflicts of interest. The regulator reviewed 14 licensees of differing sizes, types and ownership structures as part of its evaluation, prompted ...

Poor SoAs hindering advice process

JAMIE WILLIAMSON  |  MONDAY, 21 MAY 2018
... of the SoAs YTML sees is typically due to licensee and adviser disclosures on related parties and other conflicts of interest. "Much of the disclosure can and should be referenced within other advice documents, such as the financial services guide and ...