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Showing 51 - 60 of 106 results for "Fiduciary Duty"

The Future Fund is not a super fund: Costello

JAMES FERNYHOUGH  |  THURSDAY, 13 NOV 2014
... far from being a super fund with specific obligations to specific members, it is a sovereign wealth fund whose fiduciary duty is solely to the government. "There are many people who think the Future Fund is some kind of super fund," he said. "Let me ...

Retail MySuper transition too slow: ISA

STAFF WRITER  |  TUESDAY, 11 NOV 2014
... members an aggregate $600 million in fees over the MySuper transition period. "It is difficult to reconcile the fiduciary duty of the trustees of these retail default products with a decision to leave members in higher fee products for several years ...

OMFG! Australia could lose an A

BENJAMIN ONG  |  TUESDAY, 20 MAY 2014
... that dire is it? Wait again! Standard & Poor's is the same agency that was found to have misled investors and its fiduciary duty to Australian town councils on their AAA rating on structured investments, was it not? I don't know what has happened to ...

Republicans vote that advisers have no best interest duty

ALEX DUNNIN  |  FRIDAY, 1 NOV 2013
... But similar to reactions to arguments in Australia and the UK within the advice sector that they should take on a fiduciary duty, SIFMA adds: "This proposal would lead to a number of negative consequences for individual investors, including limiting ...

CommInsure enhances adviser flexibility of life product

LAURA MILLAN  |  WEDNESDAY, 7 AUG 2013
... is vital that an adviser is acting in a client's best interest and we have designed these enhancements with that fiduciary duty in mind," Browne said. The option is available to clients via CommInsure's Total Care Plan Super offering or for self-managed ...

IMF to fund claims against Lehman Asia

MARK SMITH  |  WEDNESDAY, 19 JUN 2013
... liquidation of Lehman Asia. The proofs of debt include a claim that Lehman Asia was knowingly involved in the breaches of fiduciary duty of Lehman Brothers Australia (In Liquidation) and is therefore liable for losses not able to be recovered from Lehman ...

Advisers at risk over asset-based fees

BEN COLLINS  |  THURSDAY, 10 JAN 2013
... arrangements or flat fee-for-service models, and all these options can be managed if the adviser remains true to their fiduciary duty, Richard Batten, financial services partner at law firm Minter Ellison, told Financial Standard. While Batten said that ...

Insto's ignoring climate change

BEN COLLINS  |  WEDNESDAY, 5 DEC 2012
... October this year AODP put out a report researched by global law firm Baker & McKenzie that said super fund trustees' fiduciary duty means they could be held legally responsible for losses caused by climate change. In a statement AODP said that while ...

Some retail fund members pay double for insurance: AIST

BEN COLLINS  |  WEDNESDAY, 14 NOV 2012
... not-for-profit super sector. Arrangements that force funds to use a related-party insurer could be in conflict with the fiduciary duty of fund trustees to act in the best interest of their members, said Fiona Reynolds, AIST CEO. "Clearly, it's not in ...

NSW councils entitled to compo: Fed court

BEN COLLINS  |  TUESDAY, 6 NOV 2012
... Superannuation Scheme in 2006. It was decided that the councils were entitled to compensation from LGFS for breach of fiduciary duty. Apart from that claim against LGFS, a subsidiary of the NSW Local Government Superannuation Scheme, Federal Court Justice ...