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Showing 491 - 500 of 1193 results for "Principle"

CBA cops $25 million for BBSW rigging

KANIKA SOOD  |  WEDNESDAY, 9 MAY 2018
... all," it said at the time. ANZ Bank has also come under fire for BBSW manipulation. It struck a confidential and in-principle agreement with ASIC in October last year.

Insto investment committees step away from status quo

DARREN SNYDER  |  TUESDAY, 8 MAY 2018
QSuper and TCorp believe sequential investment models at large asset owners are past their used-by date and investment committees must be delegating day-to-day investment decisions. The two institutional investors use what is known as the total portfolio ...

Federal government responds to white collar crime Senate inquiry

KANIKA SOOD  |  MONDAY, 7 MAY 2018
... made by the ASIC Enforcement Review taskforce in December. It has agreed to 29 of the recommendations and agreed -in-principle to the rest. It will amend legislation to increase the availability of infringement notices, ramp up civil penalties including ...

US project to end pension politics

KANIKA SOOD  |  MONDAY, 30 APR 2018
An American non-profit - led by a former state treasurer - is demanding pension plan managers stop putting politics before prudent investment. The Institute for Pension Fund Integrity (IPFI) says if a fund manager is investing pension money based on ...

Advisers react to Royal Commission revelations

JAMIE WILLIAMSON, KARREN VERGARA  |  FRIDAY, 27 APR 2018
Financial advisers are struggling to comprehend the level of misconduct revealed by the past fortnight's Royal Commission hearings. Will the non-aligned advice space be strengthened by the findings? Or will the vertically integrated model withstand ...

Dover roasted for 'Orwellian' protection policy

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
The Royal Commission scrutinised Dover Financial Advisers' former client protection policy, demonstrating its essential purpose to be to exonerate the licensee of any liability in the event of misconduct by authorised representatives. Counsel Assisting ...

SSGA launches ESG-heavy strategy for Aussie instos

JAMIE WILLIAMSON  |  THURSDAY, 26 APR 2018
State Street Global Advisors is introducing a new low carbon, high ESG international equities fund for Australian institutional investors. Partnering with MSCI, the State Street Low Carbon ESG International Equities Index Trust is the next iteration ...

Chief economist update: View from the National Farmers' Federation

BENJAMIN ONG  |  TUESDAY, 24 APR 2018
... products can't use familiar names on Australian shelves. But a bigger danger is the EU's adoption of the 'precautionary principle' as the basis for food safety or chemical regulation. We can't allow this to be enshrined in an FTA. In short, it is in ...

US regulator to extend fiduciary rule

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
The financial services regulator in the United States is broadening the scope of the proposed fiduciary duty to combat conflicted investment advice and mitigate confusion around the differing standards to which different industry professionals are held. ...

ASIC lifts licence conditions on CountPlus subsidiary

KANIKA SOOD  |  MONDAY, 16 APR 2018
ASIC has lifted the licence conditions it imposed on a CountPlus subsidiary after it paid $2.5 million in remediation to its clients following a compliance issue in 2015. In September, 2015 ASIC placed additional licence conditions on Total Financial ...