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Showing 2501 - 2510 of 3524 results for "compliance"

SSFS invests in Standard Life alternative fund

LAURA MILLAN  |  WEDNESDAY, 5 MAR 2014
... (GARS) as part of a broader alternative investment strategy. SSFS did not disclose the amount invested in GARS due to compliance requirements, but its chief investment officer Damian Graham highlighted that the move is aimed at diversifying the fund's ...

HIP Super CEO resigns

LAURA MILLAN  |  TUESDAY, 4 MAR 2014
... Financial Standard that a new board will be appointed when the merge happens, on May 1, 2014. In the meantime, HIP Super compliance manager Sirran Syme has taken over the role of acting chief executive. Bernays was expected to become the new fund's chief ...

Compliance costs Aussie advisers $15k versus global peers

MARK SMITH  |  TUESDAY, 4 MAR 2014
The extra time Australian advisers spend on administration and compliance compared to global advisers is costing them more than $15,000 a year, according to research by CoreData. Administration and compliance make up about 30% of Australian advisers' ...

Advice numbers and client claims hit PIS results

LAURA MILLAN  |  MONDAY, 3 MAR 2014
... in the half year to 31 December 2014. PIS attributed the increase in expenses to "restructuring costs; the hiring of compliance and claims management staff and investment in new capabilities for future growth." Australia's largest non-aligned dealer ...

AIA pays advisers to move to hybrid commission

LAURA MILLAN  |  THURSDAY, 27 FEB 2014
... "Given our experience with poor advice on life insurance, ASIC considers life insurance sales to be a risk area for non-compliance where high levels of switching are apparent," the regulator said in March. "We have a concern to ensure that life insurance ...

La Trobe mortgage fund gets "Strong" rating

STAFF WRITER  |  WEDNESDAY, 26 FEB 2014
... scale." The report further stated: "The Fund's consistent performance is attributed to sound management of risk and compliance management, systematic governance, and a stable financial profile". La Trobe Financial has also been strongly rated by other ...

ASIC accepts EU from forex broker over prohibited IMA

STAFF WRITER  |  TUESDAY, 25 FEB 2014
... returns are likely to be repeated in the future." The enforceable undertaking requires Forex FS to: engage an independent compliance expert to conduct an assessment of the products and services offered by Forex FS, take appropriate remedial action as ...

WA Super appoints Shanahan as chair

HARRY PAGE  |  THURSDAY, 20 FEB 2014
... chairman, Nick Catania, who will step down at the end of June this year. Shanahan has been chairman of the board's Compliance and Risk Management Committee since 2004. Shanahan has 25 years' of experience with government, industry and public sector operations. ...

SMSF industry welcomes more flexible penalties

ALICE URIBE  |  THURSDAY, 20 FEB 2014
... inflexible" SMSF penalties still remains - the penalties that apply if an SMSF fail the residency rules. "The loss of compliance status in these circumstances is significant particularly when you consider the active member test is a difficult test to ...

Ausbil appoints external auditor to investigate fund fees

LAURA MILLAN  |  WEDNESDAY, 19 FEB 2014
... "working through" how much the company would have overcharged the fund's investors. "We will be reviewing all of our compliance processes and procedures as part of the inquiry to be sure this situation does not occur again," the company said. The issue ...