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Showing 371 - 380 of 460 results for "Conflicts of interest"

Libs reject planner commissions ban

MICHAEL HOBBS  |  FRIDAY, 20 NOV 2009
... ultimately should know whether you're influenced by the remuneration of an institution." Hockey said the supposed conflicts of interest that exist in commissions could be dealt with by forcing financial planners to have a legal fiduciary duty for clients. ...

Perceived conflicts lethal to planners

MICHELLE BALTAZAR  |  THURSDAY, 19 NOV 2009
Commission-based financial advice may not necessarily lead to real conflicts of interest but even 'perceived' conflicts threaten to undermine the industry's future, said Chris Bowen, the minister for financial services and superannuation. Addressing ...

ASIC outlines credit agency requirements

COMPANY RELEASE  |  FRIDAY, 13 NOV 2009
Local credit rating agencies must hold an Australian Financial Services (AFS) licence, properly manage conflicts of interest that arise and ensure employees are adequately trained from January next year following regulatory changes. The Australian Securities ...

AMIST appoints board director

MICHELLE BALTAZAR  |  TUESDAY, 10 NOV 2009
... may even come from outside of the superannuation industry and they, then, are perhaps less likely to have conflicts of interest," said Livanas. "Gary Hardwick meets all these criteria. He's a successful businessman, with accountancy qualifications, no ...

PE managers should not mislead: IOSCO

ALEX DUNNIN  |  WEDNESDAY, 4 NOV 2009
... practices of private equity managers. The principles are that private equity managers must manage their conflicts of interest for the overall best interests of fund investors, they should establish and implement written policies and procedures to identify ...

Price of banning commissions will be high: Treasury

ALEX DUNNIN  |  THURSDAY, 27 AUG 2009
... unsustainable, said Treasury in its submission to the Ripoll Inquiry. "Such a ban would eliminate a source of conflicts of interest, or perceived conflicts of interest. The approach better aligns the incentive of the adviser to give appropriate advice ...

Independent directors not always a good thing

RUTH LIEW  |  WEDNESDAY, 19 AUG 2009
... restrictions on what kind of industry background you can have as a bank director to avoid the possibility of conflicts of interest," said Adams. In the US, these restrictions make it easier for banks to choose directors who don't have any banking expertise ...

Planner remuneration disclosure isn't working: ASIC

ALEX DUNNIN  |  TUESDAY, 18 AUG 2009
The campaign to fix perceptions of adviser conflicts of interest has escalated into total war following ASIC's 184 page submission to the Ripoll Inquiry that asks the government to consider whether any form of remuneration from product manufacturers ...

MLC recruits ex-UBS GAM chief

MICHAEL HOBBS  |  FRIDAY, 17 JUL 2009
... NabInvest products. "Colin's extensive experience and strongly aligned beliefs on rebates, commissions, conflicts of interest and transparency make him ideal for this role," said Richard Nunn, executive general manager of advice and marketing at MLC. ...

Industry bodies back IFSA charter

RUTH LIEW  |  THURSDAY, 18 JUN 2009
... that the industry is responding to greater demands for transparency and efficiency and to better deal with conflicts of interest. "There has never been greater need for advice," Vamos said. "It's essential that fund members have access to information ...