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Showing 61 - 70 of 106 results for "Fiduciary Duty"

ISN blasts FSC's independence policy

BEN COLLINS  |  WEDNESDAY, 12 SEP 2012
... retail super funds, "namely the tension between their legal obligation to maximise shareholder returns and the fiduciary duty owed to fund members." ISN also said the policy contains no proposal to avoid or even disclose related party transactions between ...

Industry panel turns up FOFA heat

RACHEL DAVIS  |  MONDAY, 24 OCT 2011
... industry has been operating with terms of engagement already," said Kalantzis. "As professionals we already have our fiduciary duty enshrined. The drafting is extremely prescriptive. "Why is the focus on advice? What is going on with product manufacturing?" ...

The good, the bad and the whatever

BENJAMIN ONG  |  MONDAY, 10 OCT 2011
... onsold to Australian councils. LGFS's action was prompted by legal claims from 12 NSW councils on LGFS for breach of fiduciary duty and for misleading and deceptive conduct. And what does S&P have to say about this? What can they do but use their weapon ...

US adviser fiduciary rule stalls

ALEX DUNNIN  |  THURSDAY, 22 SEP 2011
Concerns that the US Department of Labor's new definition of fiduciary duty for financial advisers is too demanding has prompted the retirement savings regulator to re-initiate industry discussions, a process that some believe may take up to two years. ...

LGS earns sustainability award

ELISE BURGESS  |  TUESDAY, 26 JUL 2011
... "We also believe that it's important to encourage other superannuation funds to invest responsibly. Given their fiduciary duty to all Australians, super funds are in an ideal position to integrate ESG practices into their investment decision making," ...

SimpleWRAP launches $1500 platform pricing

ELISE BURGESS  |  THURSDAY, 30 JUN 2011
... fairer model with transparency that is aligned with the Future of Financial Advice (FOFA) reforms and the increased fiduciary duty advisers would be taking on behalf of their clients." "We expect that simpleWRAP will be an integral component for those ...

Funds ignoring foreign exchange risk

MATT WOODINGTON  |  WEDNESDAY, 29 JUN 2011
... the industry are guilty of treating foreign exchange as an administration function and as a result risking their fiduciary duty. "A lot of people still outsource all foreign currency transaction to their custodian, including international equities managers," ...

Oakeshott won't back FOFA

ALEX DUNNIN  |  THURSDAY, 26 MAY 2011
... can't get past opt-in, the FOFA package is expected to be narrowed its focus on its less contentious aspects being fiduciary duty reforms, restrictions to volume based commissions and regulatory changes. A restructured package will however conicide with ...

Planning pracs down 10pc value

ELISE BURGESS  |  TUESDAY, 17 MAY 2011
... fee arrangements all impacting on the outcome but that issues around grandfathering arrangements, watered down fiduciary duty and gearing have practices concerned for the value of their business. The Association of Financial Advisers (AFA) is implementing ...

MLC program attracts new planners

ELISE BURGESS  |  THURSDAY, 3 MAR 2011
... discussions with established financial planners. Greenaway said the current reforms and the planned introduction of a fiduciary duty has sparked a lot of interest in the financial planning industry, with the MLC program to be run in Sydney and Melbourne. ...