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Showing 631 - 640 of 1369 results for "Corporations"

Industry super fund commits to green bonds

HARRISON WORLEY  |  TUESDAY, 11 SEP 2018
... capital projects will address environmental impacts and climate risks. For cities, county and state governments and corporations, the pledge requires they account for climate risk when designing future infrastructure and capital projects and consider ...

ClearView breached anti-hawking law 300k times

KARREN VERGARA  |  MONDAY, 10 SEP 2018
... "made a mistake" because it simply didn't understand it was breaching anti-hawking provisions prohibited by the Corporations Act. Breaching the provision amounts to a criminal offence, Orr pointed out. In early February 2018, ClearView announced ...

MLC, NULIS in court over $100m in illegitimate fees

JAMIE WILLIAMSON  |  THURSDAY, 6 SEP 2018
... all or any services that weren't already freely available. ASIC believes MLC Nominees and NULIS contravened the Corporations Act by failing to ensure services were provided efficiently, honestly and fairly when it deducted the $33 million in fees ...

Advisers warming up to LICs

KANIKA SOOD  |  THURSDAY, 6 SEP 2018
... compounded over 15 years, excluding dividend payouts. Three factors have led to LIC growth. In July 2010 changes to the Corporations Act which gave greater consistency to LIC dividends Then in July 2013 FoFA legislation was passed. And SMSF sector has ...

No time for complacency: AIST

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... will need to spread balance sheets more effectively, he said. About $95 billion per annum is lent to non-financial corporations by the banks. This presents an opportunity for the super industry to step in and potentially work in partnership, Weaven added. ...

Former MyPlanner adviser fails best interests test

JAMIE WILLIAMSON  |  WEDNESDAY, 5 SEP 2018
... related obligations, nor comply with the reasonable basis requirements for financial product advice provided under the Corporations Act prior to repeal. Under the EU, Allen is also prohibited from acting as a director or manager of any kind within an ...

Retail super funds reject MySuper delays

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... those plans. In its submission, NAB accepts there had been a breach or likely breach of section 912A(1)(a) of the Corporations Act with respect to plan service fees (PSFs) deducted from member accounts with no linked adviser. NAB/MLC's PSF compensation ...

Advice firm rebrands, confirms independence

JAMIE WILLIAMSON  |  WEDNESDAY, 29 AUG 2018
... taking on a role at the Financial Ombudsman Service. Guided Wealth also restructured its business model to meet the Corporations Act definition of independent financial advice. Guided Wealth said it is extremely proud of the achievement, given there ...

Royal Commission challenges super regulators

KARREN VERGARA  |  TUESDAY, 28 AUG 2018
... making an appearance, Hodge said it was open to Commissioner Kenneth Hayne if they engaged in misconduct and breached corporations law. Hodge recommended Aon Hewitt may have breached the Corporations Act with regards to three financial advisers moving ...

Morgan Stanley amends false independence claims

JAMIE WILLIAMSON  |  TUESDAY, 28 AUG 2018
... payments and commissions from product issuers in relation to the provision of financial services and advice. Under the Corporations Act, use of the word 'independent' by anybody operating a financial service business or providing financial services is ...