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Showing 11 - 20 of 28 results for "Department of Labor"

Asset managers gearing for growth in 2018

KARREN VERGARA | MONDAY, 19 MAR 2018

... greater transparency. In Europe and the US, the Markets in Financial Instruments Directive II (MiFID II) and Department of Labor Fiduciary Rule are set to squeeze margins, the report said. Tax changes is also an issue 77% of leaders are grappling with ...

Robo-advisers expected to meet fiduciary rule

ALEX DUNNIN | FRIDAY, 16 JUN 2017

... regulatory framework that now requires retirement advisers are subject to fiduciary obligations under the Department of Labor's Fiduciary Rule. The SEC's position on the issue is continuing despite the broader push by the Trump administration to relax ...

Fiduciary rule introduced in United States

JAMIE WILLIAMSON | TUESDAY, 13 JUN 2017

... 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 standard - a fiduciary rule to curb conflicts of interest in relation to the retirement ...

CalPERS names new chief executive

DARREN SNYDER | FRIDAY, 15 JUL 2016

... Investment Board. She began her public service career as a benefits administrator with the Washington State Department of Labor and Industries managing compensation and benefit programs for public employees across 26 locations. Frost is a Washington ...

US Senate votes down adviser fiduciary rule

ALEX DUNNIN | TUESDAY, 31 MAY 2016

The US Senate recently voted down the Department of Labor's administration rule for financial advisers that would have compelled them to act in their clients' best interests. The law was passed 65-41 meaning it fell well short of the two thirds majority ...

SEC to run ad campaign promoting online consumer adviser checks

ALEX DUNNIN | FRIDAY, 4 MAR 2016

... check of any authorised adviser or broker. The campaign follows the SEC stepping up its involvement in the US Department of Labor's reform proposals to introduce a universal definition of fiduciary duty that will bind all retirement intermediaries to ...

US resistance to DOL fiduciary rule gathers pace

ALEX DUNNIN | WEDNESDAY, 2 MAR 2016

Momentum is building against the US Department of Labor's (DOL) proposed fiduciary rule for retirement advisers with House Speaker Paul Ryan now joining the critics. The DOL has been working on expanding the fiduciary obligation since the GFC when millions ...

US fiduciary rule fight not slowing down

ALEX DUNNIN | TUESDAY, 16 JUN 2015

... Bentsen, Jr, said the argument is not about what 'fiduciary' means but about the regulatory add-ons that the US Department of Labor (DOL) is likely to include in addition to any fiduciary rule. "The DOL's proposed definition of who is a fiduciary is ...

US schools should teach finlit

ALEX DUNNIN | THURSDAY, 26 MAR 2015

... school boards. SIFMA has also been highly critical of federal government initiatives, being overseen by the Department of Labor, to introduce fiduciary obligations on retirement advisers arguing it will result retirement fund members having reduced access ...

US fiduciary reforms will rock pension funds

ALEX DUNNIN | THURSDAY, 5 MAR 2015

... will rock the retirement fund sector. The proposal for a fiduciary advice standard is being pushed by the US Department of Labor (DOL) in its authority overseeing occupational retirement funds subject to the ERISA legislation. Lisa Bleier, managing director ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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