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Showing 371 - 380 of 1193 results for "Principle"

Consultation on mortgage broker best interests duty opens

ALLY SELBY  |  THURSDAY, 20 FEB 2020
The corporate watchdog has started a four week consultation process to draft guidance on the new best interests duty for Australia's mortgage brokers. From July 1 this year, mortgage brokers will be legally required to act in the best interests of consumers ...

More engagement with custodians needed: Report

ELIZA BAVIN  |  TUESDAY, 11 FEB 2020
... stakeholders by targeting more efficient implementation, policy alignment and avoidance of unintended consequences. The same principle applies to funds looking to their custodial service partner to support change and efficiency - talk early and talk ...

Climate risk should be integral to business: Report

ELIZA BAVIN  |  THURSDAY, 6 FEB 2020
Companies increasingly need to understand climate change risks affecting their businesses if they wish to remain competitive, according to the Governance Institute of Australia. Governance Institute chief executive Megan Motto said it found that nine ...

Bearish sentiment bites Aussie investors

ALLY SELBY  |  THURSDAY, 30 JAN 2020
Aussie investors have swapped the bull for the bear, as macroeconomic and geopolitical tensions weigh heavily on high hopes for a repeated 2019. That's according to the latest research from Investment Trends, which found that investor sentiment ...

Last stand for grandfathered commissions falls over

ELIZABETH MCARTHUR  |  THURSDAY, 30 JAN 2020
... Johnston told Financial Standard. "Grandfathered revenue was not a perfect arrangement but the challenge did get down to a principle of standing up for our constitutional rights and showing some push back against a government that has gone too far on ...

AMP remediation processes questionable

JAMIE WILLIAMSON  |  TUESDAY, 21 JAN 2020
... customers to transfer the funds to a superannuation fund of their choice. At all times, our approach is guided by the principle of putting clients first," AMP said. As at September 2019, the AMP Eligible Rollover Fund's five-year return for accounts ...

Shareholder activism on the rise

ALLY SELBY  |  FRIDAY, 17 JAN 2020
Shareholders are demanding changemore than ever before. That is, according to financial advisory and asset management firm Lazard, and its 2019 review of shareholder activism. The report found that 147 investors launched new campaigns against companies ...

Faith-based super fund increases fees

ELIZABETH MCARTHUR  |  FRIDAY, 10 JAN 2020
The faith-based superannuation fund for Muslims has announced an increase to its administration fee. Crescent Wealth Superannuation Fund upped its administration fee from 0.69% per annum to 0.89% per annum. The changes come after the promoter of the ...

JANA dragged into Rest legal stoush

ELIZABETH MCARTHUR  |  TUESDAY, 7 JAN 2020
JANA Investment Advisers may be forced to hand over key documents as part of Rest's ongoing legal battle with member Mark McVeigh. Final discovery orders were consented to by both Rest and McVeigh in late December last year. Documents created by ...

Consultation opens for design, distribution guidance

HARRISON WORLEY  |  FRIDAY, 20 DEC 2019
The financial services industry has just over three months to influence ASIC's guidance on the new design and distribution obligations. ASIC has opened consultation on draft guidance for the new design and distribution obligation laws, which are set ...