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Showing 291 - 300 of 460 results for "Conflicts of interest"

Advisers must attend ethics classes, say ISA and AIST

JAMES FERNYHOUGH  |  WEDNESDAY, 10 SEP 2014
... in tatters. Improved educational standards are important, but iron-clad consumer protections that remove conflicts of interest are the foundation for community trust." AIST chief executive Tom Garcia, who worked in financial advice before moving to AIST ...

Vertical integration good for consumers, competition: instos

LAURA MILLAN  |  MONDAY, 1 SEP 2014
... to other platforms." National Australia Bank admitted that "vertically integrated models do contain some conflicts of interest," but added that "the key is understanding and identifying these conflicts, so they can either be removed or addressed. NAB ...

AFA unveils main principles of code of conduct

LAURA MILLAN  |  WEDNESDAY, 30 JUL 2014
... address the need for advisers to act in the best interest of their clients and provide guidance to avoid conflicts of interest. The document will also outline the importance of getting informed client consent, which involves "educate clients to help ...

FSC report warns of default super 'turmoil'

JAMES FERNYHOUGH  |  THURSDAY, 24 JUL 2014
... underperforming super funds by leveraging their business banking relationships. "Of course, this A creates a conflicts of interest for employers, and in doing so places the super nest eggs of Australians at risk of underperforming bank-owned super funds," ...

CBA reaction too slow, too little, too late

LAURA MILLAN  |  FRIDAY, 4 JUL 2014
... just at CBA - but in the financial advisory industry generally, relating to professionalism, expertise and conflicts of interest that need to be fixed urgently." Read the full Senate Economics Committee report into ASIC here Read all Financial Standard ...

Russell reshuffles implementation business

MARK SMITH  |  TUESDAY, 10 JUN 2014
... It follows years of more and more cases being made public, highlighting issues of revenue transparency, conflicts of interest and questions around best execution practices during transitions, he added. "While we are expanding across all regions, it is ...

CFA Societies launches initiative to raise ethical standards

MARK SMITH  |  MONDAY, 12 MAY 2014
... by advisers. "We will be highlighting the rights of investors to be informed of any existing or potential conflicts of interest that their financial service providers may have," Serhan continued. "In Australia, the industry has been making headway in ...

Research houses to blame for advice catastrophes: AIOFP

LAURA MILLAN  |  FRIDAY, 9 MAY 2014
The Association of Independently Owned Financial Professionals (AIOFP) said that research houses' conflicts of interest when rating products are one of the reasons behind the failure of some funds. In a submission to the Financial System Inquiry (FSI) ...

ISA 'deeply concerned' over banks' MySuper campaign

JAMES FERNYHOUGH  |  WEDNESDAY, 23 APR 2014
Industry Super Australia (ISA) has upped its campaign to keep superannuation in awards, saying it is "deeply concerned" by the big bank-led push to take the Fair Work Commission out of the default super selection process. ISA chief executive David Whiteley ...

Wake-up call for watchdog after inquiry

LAURA MILLAN  |  TUESDAY, 22 APR 2014
... thinking about an independent organisation to which ASIC could report and that could deal with the regulator's conflicts of interest. Whish-Wilson added that "what will actually help ASIC in the future is a change in the external financial services environment." ...