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Showing 281 - 290 of 460 results for "Conflicts of interest"

APRA shakes up executive team, addresses super conflicts

ALEX BURKE  |  FRIDAY, 20 MAR 2015
... objectives. He discussed lending standards for housing, FSI recommendations, private health insurance and conflicts of interest in superannuation. On the final point, Byres noted that while there have been improvements in superannuation trustees' practice ...

ClearView calls for life insurance industry crackdown

ALEX BURKE  |  TUESDAY, 24 FEB 2015
... has petitioned Life Insurance and Advice Working Group (LIAWG) chairman John Trowbridge to fix numerous conflicts of interest within the industry. The key recommendations in ClearView's statement were indicating that narrow APLs were not in "clients' ...

NAB denies failing advice clients

ALEX BURKE  |  MONDAY, 23 FEB 2015
... internal documents", the Fairfax article argued that 31 NAB planners had been terminated or suspended due to "conflicts of interest, inappropriate advice, inappropriate practices or repeated compliance breaches." Further, it noted that incidences of ...

Steve Tucker and Paul Heath launch HNW business

JAMES FERNYHOUGH  |  WEDNESDAY, 10 DEC 2014
... quality firm, staffed by experienced professionals that serve clients in a manner completely free of the conflicts of interest which exist in many firms.A We believe the wealth advice firm of the future is independent. "We will charge clients transparent ...

Industry funds reject majority independent directors

JAMES FERNYHOUGH  |  MONDAY, 8 DEC 2014
... boards, although the report did not explicitly cite this as a motivation, instead talking more generally about conflicts of interest and the inappropriateness of the equal representation model. Financial Services Council chief executive John Brogden ...

Industry braces for majority independent directors

JAMES FERNYHOUGH  |  SUNDAY, 7 DEC 2014
... board considers. They also hold other directors accountable for their conduct, particularly in relation to conflicts of interest." If implemented, this policy would bring Australian superannuation funds out of step with the standard structure of workplace ...

FPA shines light on "catch-all" dilemma

LAURA MILLAN  |  TUESDAY, 25 NOV 2014
... product and you will have to document that." Bobbin highlighted that advisers need to be aware of basic conflicts of interest. He described conflicted remuneration as "any benefit to an AFSL or its representatives that could be expected to influence ...

Increased record keeping provisions for advisers

LAURA MILLAN  |  TUESDAY, 18 NOV 2014
Financial advisers will need to keep additional records proving they've complied with the best interests' duty when they give personal advice to retail clients after 23 March 2015. Information to be provided will include documentation that proves the ...

ASIC takes SMSF property spruikers to court

LAURA MILLAN  |  WEDNESDAY, 12 NOV 2014
... affords specific protections under the law, such as acting in the best interests of clients, a duty to avoid conflicts of interest and providing access to dispute resolution schemes," ASIC commissioner Greg Tanzer said The first hearing of the matter ...

ASIC to crack down on big four, AMP and Macquarie

LAURA MILLAN  |  TUESDAY, 21 OCT 2014
... Westpac/BT Financial Group and Macquarie Group. "The quality of financial advice can be affected by an adviser's conflicts of interest or lack of competence," the regulator said, and added that "this can lead to some investors and financial consumers ...