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Showing 51 - 60 of 77 results for "Interests First"

Putting Members' Interests First Bill reintroduced

KARREN VERGARA  |  FRIDAY, 5 JUL 2019
... balance account holders was reintroduced in Parliament overnight. The Treasury Laws Amendment (Putting Members' Interests First) Bill 2019, which was put on hold in April, is now being set in motion with a proposed commencement date of 1 October 2019. ...

SEC adopts retail investor protection package

KARREN VERGARA  |  THURSDAY, 6 JUN 2019
... has adopted a package of fiduciary rules to protect retail investors from financial advisers who put their self-interests first. Under the new rules called Regulation Best Interest and Form CRS Relationship Summary, retail investors will be able to make ...

Superannuation bills on hold

KARREN VERGARA  |  MONDAY, 15 APR 2019
... low-balance accounts from default insurance premiums, have been put on ice. Treasury Laws Amendment (Putting Members' Interests First) Bill 2019, a highly anticipated Bill that aims to prevent trustees from providing insurance on an opt-out basis to ...

NFP intra-fund advice is not a distribution channel

KARREN VERGARA  |  WEDNESDAY, 3 APR 2019
... underpinning advice discussions among retail funds. "Profit-to-member superannuation trustees put members' interests first and this extends to the financial advice their funds provide," she said. While many retail super funds are re-evaluating the ...

APRA warns trustees on expectations

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAR 2019
... Royal Commission highlighted specific examples where trustees did not appear to be clearly putting their members' interests first." "In a number of areas it lacks the maturity in its governance and risk management practices that should be expected from ...

NFP super funds rise to occasion post-Royal Commission

KARREN VERGARA  |  THURSDAY, 14 MAR 2019
... uncovered by the Royal Commission they decided to change their employees' default fund to one that puts members' interests first. The Royal Commission has increased awareness and led to action," she said. The hearings, which called out practices that ...

Group insurance reforms to be tabled

JAMIE WILLIAMSON  |  WEDNESDAY, 20 FEB 2019
... balances on an opt-in basis will be tabled in Parliament today. The Treasury Laws Amendment (Putting Members' Interests First) Bill 2019 requires superannuation funds to only offer life cover to young members and those with low balances where they ...

Bill Gross announces retirement

JAMIE WILLIAMSON  |  TUESDAY, 5 FEB 2019
... renowned stamp collection. Gross described his career as a wonderful ride in which he has always tried to put client interests first when inventing and reinventing active bond management. Thanking both firms and their respective teams, he said nothing ...

Industry Super Australia attacks Future Fund concept

HARRISON WORLEY  |  TUESDAY, 29 JAN 2019
... calculated under the Future Fund scenario suggests ideology is blinding some to the best ways to put members' interests first." ISA confirmed that in compiling the research, Gallagher - who serves as the body's "special retirement income adviser" ...

FPA fines Henderson $50k

KARREN VERGARA  |  WEDNESDAY, 14 NOV 2018
... Review Commission (CRC), determined the former chief executive of Henderson Maxwell did not place his client's interests first or provide professional service objectively. Henderson did not make an appeal, the FPA said. FPA chief executive Dante ...