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Showing 51 - 58 of 58 results for "Safe Harbour"

FoFA amendments will reduce quality of advice: lawyer

JAMES FERNYHOUGH  |  TUESDAY, 11 MAR 2014
... quality of financial advice given in Australia, with advisers focussed on carrying out the remaining steps in the safe harbour as efficiently as possible - in other words, going through the motions and reducing the best interests duty to a mechanical ...

FPA slams detractors of best interest amendment

LAURA MILLAN  |  WEDNESDAY, 12 FEB 2014
... (section 961B(2)(g)) of the Future of Financial Advice (FoFA) legislation. The removal affects the so-called seven safe harbour steps, which specify that advisers should act in the best interest of the client. Rantall noted that the obligation to act ...

FoFA still in need of changes: industry

LAURA MILLAN  |  WEDNESDAY, 3 JUL 2013
... needs to change. "The Best Interests Duty provision needs modification to ensure it provides certainty and a genuine safe harbour for advice providers," FSC senior policy manager of Advice Cecilia Storniolo told Financial Standard. "These refinements ...

Investors need income rethink after RBA rate cut

MARK SMITH  |  WEDNESDAY, 8 MAY 2013
... movements in capital markets on this rate decision. "Government bonds do still play an important diversifying role in any safe harbour portfolio so I would expect institutions such as pension investors to keep their allocations stable." The fixed income ...

Greater teamwork for ESG: Towers Watson

BEN COLLINS  |  FRIDAY, 14 SEP 2012
... investing, said the research. This may be through regulation associated with asset owners (such as the introduction of safe harbour principles or 'comply or explain' initiatives for sustainable investing) or through supporting investment initiatives ...

Gonski calls for NFP director liability review

MELANIE TIMBRELL  |  WEDNESDAY, 5 SEP 2012
... association such as New Zealand has introduced and is currently being mooted in Canada, Gonski said of primary concern is a safe harbour provision for volunteers acting on NFP boards. "The concept of somebody being liable for the debts of a NFP when ...

Bendigo finds safe harbour from wholesale storm in retail deposits

ALISON BEVEGE  |  WEDNESDAY, 29 JUN 2011
The threat of Greek turmoil raising Australian bank funding costs has lifted the prospects of a growing Big Four competitor. Ratings Agency Standard and Poor's raised Bendigo and Adelaide Bank's credit rating from stable to positive, with a possibility ...

ANZ tells NZ regulator acquisition will not affect competition

... near and new entrants. "While in some markets ANZ's market share post acquisition will fall outside the Commission's safe harbour guidelines, the proposed acquisition will not affect competition in any of the markets," ANZ said. NBNZ's owner Lloyds TSB ...
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