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Showing 831 - 840 of 4098 results for "Conduct"

Performance test expansion paused as government announces review

RACHEL ALEMBAKIS  |  FRIDAY, 8 JUL 2022
Treasury has halted the extension of the Your Future, Your Super (YFYS) performance test beyond MySuper products for 12 months while conducting a review of the laws. Minister for financial services Stephen Jones announced that the review will commence ...

Australian Retirement Trust records -0.96% return

JAMIE WILLIAMSON  |  FRIDAY, 8 JUL 2022
Australian Retirement Trust's default option returned -0.96% last financial year, which it says is a good outcome given the current environment. The $200 billion fund said it is happy with the result, as market commentators were predicting an average ...

UK regulator appoints Camille Blackburn to leadership team

CASSANDRA BALDINI  |  WEDNESDAY, 6 JUL 2022
The Financial Conduct Authority (FCA) is bolstering its leadership team with six new appointments, including former ASIC and Westpac senior executive Camille Blackburn as director of wholesale buy-side. Blackburn will join the FCA in October from Legal ...

Dodge volatility, invest in global equities: Report

CASSANDRA BALDINI  |  TUESDAY, 5 JUL 2022
When looking for companies to invest in think medium-term, buy sustainable themes, look for opportunities and drip feed or average into the market, a new report says. Paul Wild is a senior fund manager at Pendal Group's wholly owned subsidiary J O Hambro ...

Rest expands sustainability mandate

CHLOE WALKER  |  MONDAY, 4 JUL 2022
The super fund has expanded an existing mandate with Calvert to include a carbon reduction tilt that will cover its entire Australian equity portfolio. Earlier this year, Rest enlisted the help of Calvert Research and Management and Parametric Portfolio ...

ASIC bans Melbourne adviser

CHLOE WALKER  |  FRIDAY, 1 JUL 2022
... nature of the investment did not match his clients' risk profiles or experience, and Ruthenberg was found to have failed to conduct a reasonable investigation into alternative financial products that could have met the clients' needs. The consulting ...

More than 1700 advisers gone already

JAMIE WILLIAMSON  |  FRIDAY, 1 JUL 2022
As we officially hit the mid-way point of the year, the latest data from ASIC shows more than 1700 financial advisers have dropped off its register since January. Analysis of the ASIC Financial Adviser Register shows there is now 16,413 financial advisers ...

ASIC takes Mercer Financial Advice to court

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
Mercer Financial Advice is being sued by ASIC over fee for no service conduct that continued after the Royal Commission and impacted members of both a corporate and government super fund. The regulator alleges that between July 2016 and June 2019 Mercer ...

Women paid less at every age, rank: Data

CASSANDRA BALDINI  |  TUESDAY, 28 JUN 2022
Australian women in senior executive and chief executive roles at age 55 and over will take home $93,000 less per year than their male counterparts, new data shows. Workplace Gender Equality Agency conducted wages and ages: mapping the gender pay gap ...

Former adviser charged over faked books

CHLOE WALKER  |  TUESDAY, 28 JUN 2022
... with his obligations as an authorised representative. In 2019, Nguyen was permanently banned by ASIC for his dishonest conduct with the regulator saying he is likely to contravene financial services law in future for reasons including that he did so ...