Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 71 - 80 of 475 results for "Conflicts of interest"

APRA prioritises supervision of trustee spending

JAMIE WILLIAMSON  |  TUESDAY, 22 OCT 2024
... and oversight of transactions and expected outcomes. "This will include exploring matters of governance, conflicts of interest, and once in effect, attestations recommended under Superannuation Practice Guide 515 Strategic and Business Planning (SPG ...

Court appoints receivers to Keystone, Master Shield Fund

MATTHEW WAI  |  MONDAY, 9 SEP 2024
... that the Shield Master Fund is not being managed in the best interests of investors as there appear to be "conflicts of interest and breaches of trusts", citing that the value of the fund's assets do not match the value of investments made. However ...

CFMEU fallout stokes governance debate

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... employer and union directors, including three CFMEU representatives, has since come under scrutiny for possible conflicts of interest. A Cbus spokesperson told Financial Standard that it's a "highly regulated financial institution" with "robust governance ...

Former wealth management chief ousted from financial services

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... representatives adhered to financial services laws and didn't have "adequate arrangements" to manage potential conflicts of interest. Hewish's ban, however, stemmed from his involvement in this conduct and his "fundamental lack of competence" and "cavalier ...

AMP Super trustee has additional licence conditions removed

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... Super to make significant changes to its business practices. The areas identified for improvement included conflicts of interest management, governance and risk management practices, breach remediation processes, addressing poor risk culture and strengthening ...

ASIC proposes cash equity clearing and settlement rules

ANDREW MCKEAN  |  TUESDAY, 30 JUL 2024
... proposes additional requirements for areas including technical interoperability, management of intragroup conflicts of interest, and external assurances on pricing and barriers to competition. The consultation paper said its proposed rules seek to balance ...

Build Your Wealth adviser cops ban

KARREN VERGARA  |  FRIDAY, 26 JUL 2024
... adviser at Build Your Wealth has been banned from the industry for five years after ASIC found evidence of conflicts of interest. Christopher Edward Luff failed as a financial adviser, according to ASIC's investigation, particularly when it came ...

ASIC bans 'incompetent' financial services directors

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
ASIC has banned two former directors and responsible managers of XTrade, a trading platform that offers clients opportunities to trade in contracts for difference (CFDs) and foreign exchange contracts. The directors, Shay Zakhaim and Anthony Anderson ...

ASIC takes action against Guildfords FM, director

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
... oversight of documents that had misleading or deceptive and did not have adequate arrangements to manage conflicts of interest arising from Payne being a director of MAM while acting as a responsible manager. Payne and Atkins were directors of MAM from ...

ASIC cancels AFSL of XTrade

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... representatives complied with financial services laws, did not have adequate arrangements for the management of conflicts of interest, failed to take reasonable steps to ensure its retail product distribution was consistent with its target market determination ...