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Showing 61 - 70 of 475 results for "Conflicts of interest"

Senate calls to overhaul super fund boards

ELIZA BAVIN  |  FRIDAY, 14 FEB 2025
... perspective. Independent directors will also help hold other directors to account, and help guard against conflicts of interest, and in doing so protect the interests of fund members," the report said. "The committee considers that governance of superannuation ...

Trustee valuation processes 'concerning': APRA review

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2024
... FUM. For those that were rated amber and red, APRA said the most common issues related to the management of conflicts of interest arising from investment staff being involved in the valuation process and a lack of demonstrated challenge to valuations. ...

FAAA slams 'underlying issues' in CSLR

ELIZA BAVIN  |  THURSDAY, 12 DEC 2024
... highlights the failures that led to substantial consumer losses and complaints. "Our analysis illustrates the conflicts of interest that existed in the Dixon Advisory business and the scale of fees that were paid by the URF to Dixon Advisory and related ...

Cbus lacks stringent director, expenditure policies: Deloitte

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... appropriate. Further, while deeming Cbus to have a "high level of maturity" in the way its board manages director conflicts of interest, Deloitte also noted that the potential conflicts of interest that could arise from directors' affiliation with ...

ASIC flags regulatory guide updates for 2025

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... Product Disclosure Statements (and other disclosure obligations) Regulatory Guide 181 Licensing: Managing conflicts of interest Regulatory Guide 183 Approval of financial services codes of conduct, and Regulatory Guide 234 Advertising financial products ...

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 ...