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Showing 71 - 80 of 106 results for "Fiduciary Duty"

Opposition slams opt-in policy

MATT WOODINGTON  |  MONDAY, 28 FEB 2011
... 'deserting middle Australia', and migrating to the top 30 per cent of clients, by wealth. The issue of statutory fiduciary duty was also keenly discussed on the Future of Financial Advice panel. The consensus again was that the industry really just needs ...

Poor advice fine to reach $200k

ELISE BURGESS  |  MONDAY, 21 FEB 2011
... based on proposed changes to industry laws. Currently a financial adviser that is found guilty of breaching their fiduciary duty could be charged a maximum $500 fine under the Corporations Act, which deems an adviser's defence as acting under the licensee's ...

Three in five advisers opt out of opt-in: research

MICHELLE BALTAZAR  |  FRIDAY, 28 JAN 2011
... worse off for the decision." Other key findings of the research include support for the introduction of statutory fiduciary duty but that advisers are still evenly split over the prospective ban on commissions.

Super funds still lag in understanding ESG

RUTH LIEW  |  FRIDAY, 17 DEC 2010
... still exists between member interests and fund behaviours. There are also uncertainties about the extent of trustee fiduciary duty and the role that community and member attitudes play in the investment process. Meanwhile, a lack of empirical evidence ...

Fiduciary duty goes beyond APLs

RUTH LIEW  |  TUESDAY, 31 AUG 2010
... because a product is within a planning group's approved products list (APL) doesn't mean they have fulfilled their fiduciary duty - prompting top researchers to talk about the role of research behind APLs. Karla Borland, vice president, funds analyst ...

AFA launches FOFA Working Group

ELISE BURGESS  |  MONDAY, 30 AUG 2010
... Compliance Risk Solutions. There will also be five sub-committees handling other industry issues such as remuneration, fiduciary duty, intra fund advice, volume related payments and insurance. Pierre Kraft, Managing Director of AON Advice and Peter Daly ...

Top CEOs back statutory fiduciary duty for advisers

MICHELLE BALTAZAR  |  MONDAY, 9 AUG 2010
... country's top executives in financial services said that the Ripoll Inquiry recommendation to impose statutory fiduciary duty for financial advisers is the best way to improve the quality of advice, a survey shows. The Financial Services Council/PricewaterhouseCoopers ...

One in four retail fund members to switch: CHOICE

RUTH LIEW  |  WEDNESDAY, 4 AUG 2010
... commission on products they sell as part of its Future of Financial Advice reforms. It is also introducing statutory fiduciary duty so that planners must act in the best interest of their clients and place their interests ahead of the planners' inter ...

AFAC and APESB launch fresh debate on fiduciary duty

MICHELLE BALTAZAR, MEDIA RELEASES  |  MONDAY, 19 JUL 2010
... reason they want to ban asset-based fee model is that it is inconsistent with planners/accountants fulfilling their fiduciary duty. Gale disagrees but said they would rather speak with APESB first and show them new research that found many investors ...

CFSGAM aims for top quartile UN PRI performance

MICHAEL HOBBS  |  FRIDAY, 9 JUL 2010
... everything," she said. Meanwhile, Mark Lazberger, chief executive at CFSGAM, said being a signatory is part of their fiduciary duty to clients. "It allows us to make better investment decisions so signing the PRI shows that our interests are aligned ...