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Showing 781 - 790 of 4131 results for "Conduct"

Crescent Wealth misreports indirect costs, breaches regulatory standards

ANDREW MCKEAN  |  MONDAY, 28 NOV 2022
Equity Trustees, the trustee of Crescent Wealth Superannuation, has said the fund's estimated costs weren't calculated or disclosed correctly, breaching regulatory standards. The finding follows a review by Equity Trustees, of the fund's ...

No big surprises, Levy promises

CASSANDRA BALDINI  |  WEDNESDAY, 23 NOV 2022
... going to proceed with that recommendation," she explained. "It will still exist, but it will be a much smaller amount of conduct. It'll be seminars and newsletters, that kind of thing will be general advice." What will remain she said is her proposal ...

Goldman Sachs charged over ESG failures

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2022
... government reverses limitations placed on some pension funds in relation to ESG investing by the Trump Administration. In conduct stretching from April 2017 to February 2020, the Securities and Exchange Commission alleged Goldman Sachs had several failures ...

UK regulator warns trading apps over gamification

JAMIE WILLIAMSON  |  TUESDAY, 22 NOV 2022
The Financial Conduct Authority wants stock trading app operators to review the design of their platforms, saying gamification is being used in ways that mislead consumers and create problem behaviours. The regulator said design features like regular ...

Link Group offloads PEXA stake

ANDREW MCKEAN  |  MONDAY, 21 NOV 2022
... included Link Fund Solutions Limited; it appointed Macquarie Capital and UBS Securities as advisers. The UK Financial Conduct Authority (FCA) approved a Dye & Durham takeover of Link, but this acquisition was subject to a requirement that funds were ...

Super funds told to report asset valuations more frequently

ANDREW MCKEAN  |  FRIDAY, 18 NOV 2022
APRA has released updated guidance on investment governance for superannuation trustees. The update, which comes into effect in January of next year, is designed to assist trustees in meeting their requirements under the recently strengthened Prudential ...

Tomorrow's clients are going to be different: BlackRock

CHLOE WALKER  |  FRIDAY, 18 NOV 2022
Addressing the crowd at BlackRock's flagship iShares ETF event in Sydney yesterday, BlackRock director, US wealth advisory equity pillar Katie Fischer shared learnings from her adviser clients across the globe on how to add value in ways that drive ...

Former van Eyk Research chief sentenced

JAMIE WILLIAMSON  |  WEDNESDAY, 16 NOV 2022
... alleged that Thomas deliberately concealed details of the deal to appear as though there was no conflict of interest. The conduct took place over three weeks in January and February 2014, just weeks before van Eyk crumbled. The firm was forced to suspend ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
... their policy was compulsory or provided value to them. The action also alleged that ANZ engaged in misleading or deceptive conduct concerning the sale of the policies to customers, and engaged in unconscionable conduct concerning the sale and issue of ...

ASIC bans married duo from providing financial services

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
... then failed to refund the money to the deceased's estate when requested to do so. ASIC concluded that Richard Marshall's conduct demonstrated that he wasn't a fit and proper person to provide financial services. The ban prevents the couple from providing ...