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Showing 2691 - 2700 of 4932 results for "MIS"

Fiduciary rule introduced in United States

JAMIE WILLIAMSON  |  TUESDAY, 13 JUN 2017
Financial advisers in the United States are now required to act in the best interests of clients in a bid to prevent the US$17 billion lost by retirement savers each year. Last Friday, the US Department of Labor partially introduced the impartial conduct ...

Westpac to review history of new applicants

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2017
Following yesterday's news of another former Westpac adviser being banned by ASIC, the bank has announced that anybody applying for a permanent role with the Westpac Group will now be subjected to a background check. Designed to identify any past instances ...

ASIC bans former Westpac adviser

EMMA RAPAPORT  |  THURSDAY, 8 JUN 2017
A former representative of Westpac has been banned from providing financial services for five years following an ASIC investigation. Sudhir Kumar Sinha, a financial planner from Western Australian, was found to have systematically failed to meet his ...

Former Garvan adviser banned for $2.4m theft

JAMIE WILLIAMSON  |  MONDAY, 5 JUN 2017
A jailed former authorised representative of Garvan Financial Planning was permanently banned by ASIC for misappropriating client funds. Patrick Simon Mitchell was banned by the regulator, having been sentenced to eight years in prison after pleading ...

Fintech success insignificant so far: Fahy

JAMIE WILLIAMSON  |  MONDAY, 5 JUN 2017
So far fintech has largely been operating in the 'toy domain', with the industry yet to be disrupted in any meaningful way. Drawing a comparison to the biotech sector, Association of Superannuation Funds of Australia chief executive Martin Fahy said ...

ASIC cancels AFSL, bans former executives and fund managers

JAMIE WILLIAMSON  |  TUESDAY, 30 MAY 2017
The AFSL of an international foreign exchange brokerage service provider was cancelled by ASIC for non-compliance. The Australian arm of Gallop International was found to have repeatedly failed to comply with the conditions of its licence and its obligations ...

HESTA appoints new insurer

DARREN SNYDER  |  FRIDAY, 26 MAY 2017
HESTA is joining the list of industry superannuation funds to move away from CommInsure as its group insurer. As part of a regular review of its insurance arrangements, the $39 billion industry fund announced it will appoint AIA Australia as its insurer ...

SMSF associations announce merger

EMMA RAPAPORT  |  FRIDAY, 26 MAY 2017
Two industry associations that collectively speak for more than 100,000 self-managed superannuation fund trustees are merging to create a united voice. The Self-managed Independent Superannuation Funds Association, established in 1998 to represent the ...

"Shunned" investment strategy generating massive returns

KARREN VERGARA  |  THURSDAY, 25 MAY 2017
Active, value investment managers overlooking critical market anomalies are missing out on potential returns of up to 40%, according to PM Capital. One opportunity that is not well-known and is even "shunned" by some investment managers are long-term ...

CFA Institute investigates ESG investment gap

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2017
The CFA Institute is partnering with a United Nations-backed organisation to determine why investment managers aren't standardising environmental, social and governance factors across all asset classes. CFA Institute, together with the Principles for ...