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Showing 51 - 60 of 460 results for "Conflicts of interest"

Size of super industry on ASIC's radar

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
... prioritised better disclosure from super funds so it can properly assess the risk factors. "We look at how conflicts of interest are managed, what is disclosure like, what is the governance like of the entities where people might be investing," she s ...

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
ASIC warned it will turn up the heat on superannuation funds by adding new enforcement priorities and flagging that it will hold directors on trustee boards to the same standards as those in big companies. While the corporate regulator heightened its ...

ASIC chair defends Chairman's Lounge memberships

JAMIE WILLIAMSON  |  THURSDAY, 7 NOV 2024
... conflict of interest," Longo reinforced. Pocock responded: "Do you not think that you need to manage perceived conflicts of interest, which are important to the public?" Longo said everyone at ASIC must disclose which companies they interact with in ...

JP Morgan subsidiaries fined $230m by regulator

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2024
... trades valued at about $12.5 billion (US$8.2bn). Principal trades are generally banned to avoid undisclosed conflicts of interest, the SEC explained. In order to conduct the trades, the SEC found that a JPMIM portfolio manager directed an unaffiliated ...

Advisers must prioritise Conflicts Priority Rule: AFCA

KARREN VERGARA  |  MONDAY, 28 OCT 2024
... Australian Financial Complaints Authority (AFCA) warned financial advisers of their responsibilities to manage conflicts of interest under the Conflicts Priority Rule. AFCA senior ombudsman for investments and advice Alex Sidoti said the Conflicts Priority ...

APRA prioritises supervision of trustee spending

JAMIE WILLIAMSON  |  TUESDAY, 22 OCT 2024
... and oversight of transactions and expected outcomes. "This will include exploring matters of governance, conflicts of interest, and once in effect, attestations recommended under Superannuation Practice Guide 515 Strategic and Business Planning (SPG ...

Court appoints receivers to Keystone, Master Shield Fund

MATTHEW WAI  |  MONDAY, 9 SEP 2024
... that the Shield Master Fund is not being managed in the best interests of investors as there appear to be "conflicts of interest and breaches of trusts", citing that the value of the fund's assets do not match the value of investments made. However ...

CFMEU fallout stokes governance debate

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... employer and union directors, including three CFMEU representatives, has since come under scrutiny for possible conflicts of interest. A Cbus spokesperson told Financial Standard that it's a "highly regulated financial institution" with "robust governance ...

Former wealth management chief ousted from financial services

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... representatives adhered to financial services laws and didn't have "adequate arrangements" to manage potential conflicts of interest. Hewish's ban, however, stemmed from his involvement in this conduct and his "fundamental lack of competence" and "cavalier ...

AMP Super trustee has additional licence conditions removed

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... Super to make significant changes to its business practices. The areas identified for improvement included conflicts of interest management, governance and risk management practices, breach remediation processes, addressing poor risk culture and strengthening ...