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Showing 431 - 440 of 460 results for "Conflicts of interest"

ASIC shadow shopping: the good, the bad and the ugly

... alternatives. Check very carefully if there are good reasons for the recommended products." Further addressing conflicts of interest due to remuneration and bad switching advice, the regulator asked consumers to be more vigilant. "If you're switching ...

ASIC pursues Citigroup for alleged insider trading

... insider trading activity. ASIC filed a civil proceeding in the Federal Court against Citigroup, alleging conflicts of interest breaches and insider trading around Citigroup's role as adviser on the Toll Holdings takeover bid for Patrick Corporation last ...

ASIC gives credit rating agencies a break

... agencies who conduct credit rating activities must have a code of conduct that deals with certain issues - conflicts of interest being the main focus. And then they must give certain disclosures that they are general ratings and they are not specifically ...

Kelly trades in financial planning for insurance

... Board will consider a range of applicants, including internal applicants. With the FPA's draft principles of conflicts of interest yet to be finalised and, according to FPA spokesman Jason Spits, the value of advice campaign yet to even kick into phase ...

AES member funds safe

... diligence as required under the SIS Act 1993. Specifically, APRA said they failed to appropriately manage conflicts of interest and failed to ensure that the fund's fee charges for lost and low-balance members were not excessive. As the superannuation ...

Consumers not dumb, just confused about WM industry: ACA

... understand how the wealth management industry is structured and this means they get confused when understanding conflicts of interest and how it could impact who they should or shouldn't trust. "The research highlights that investment risk and conflicts ...

Asset consultants and super fund CIOs in harmony

... diversification and broader coverage of the "investable universe" of fund managers. Speaking about avoiding conflicts of interest and managing the relationship between asset consultant and super funds, St John said that the key lies in clearly defined ...

CPA Aust and ICAA issue comprehensive new adviser standards

... service types depending how FSR proceeds. Major areas covered by the standards include disclosing and managing conflicts of interest, avoiding misleading low-start-up fee structures, mandatory engagements letters for all new clients, and banning soft ...

Super funds call for better governance

A group of industry superannuation funds have called for better governance in managing conflicts of interest after research which revealed almost $6 billion of director-related business was conducted by Australian companies. "Members investing their ...

ASIC releases super switching study results but FPA not satisfied

... do with super switching prior to choice, it does not assess quality of advice, even though it refers to conflicts of interest," she adds. The industry body was also worried about the message ASIC relayed regarding an adviser's potential conflict of interest ...