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| | | ... legislative fiduciary duty would address this deficiency," noted the Report. The recommendation is so significant that one leading law firm, Townsends Business and Corporate Lawyers, said "[it] will effectively change the onus of proof in claims against ... |
| | | | ... have degrees." This comes after Chris Bowen, minister for human services, financial services, superannuation and corporate law, called for high quality financial advice. "Adviser education is an extremely important ingredient in providing quality advice ... |
| | | | Pauline Vamos, chief executive at ASFA, said debate on whether financial planners should receive payment by the hour, charge a fee or accept a commission is irrelevant because all forms of remuneration present a conflict of interest. Speaking at the ... |
| | | | ... they will be required attendance at a biennial ethics class. The proposed legislation would be in addition to a new state law advanced by Assemblymember Ed Hernandez, D-West Covina, that was modeled from CalPERS own internal placement agent policy. CalPERS ... |
| | | | ASIC has embarked on a major crackdown on "advisers" who have broken the law - including those linked with Westpoint, and SMSF and agribusiness specialists. ASIC has banned Craig Gerard Dangar, of New South Wales, from providing financial services for ... |
| | | | Joe Hockey, shadow treasurer, said the Liberal Party does not agree with banning commissions, arguing that mandating planners to have a fiduciary obligation towards their clients takes away the need for planner remuneration reforms. Speaking at the ... |
| | | | ... any other incentive," said Whiteley. Whiteley said such an arrangement implies a fundamental rewriting of established Common Law principles. Brogden dismissed Whiteley's objections, citing how medical doctors are able to provide independent advice to ... |
| | | | Financial planners looking to add unlisted asset exposure to client portfolios may need to look no further than Equiti Funds Management's latest fund. The Equiti Diversified Property fund's strategy remains open for three years from the date of issue ... |
| | | | ... $428 million (US$400 million) in settlement for a lawsuit filed six years ago that accused the firm of breaking securities law covering its contingent commission practices. According to a press statement from Ohio Attorney General Richard Cordray, the ... |
| | | | ... advisers to be members of a professional body. The AFA has also called for the name "financial advisers" to be defined by law as referring to professional advisers only. The associations also called for reforms on client compensation and planner remu ... |
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