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How wealthy families protect assets no matter what

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 AUG 2021
... said. Leaving assets in trusts, rather than to children, goes a significant way in protecting against this risk. Through properly governed trust structures, even a very significant blow to reputation may not result in financial injury to the family at ...

Companies failing harassment victims: ACSI

ELIZABETH MCARTHUR  |  THURSDAY, 22 JUL 2021
... for the Australian Human Rights Commission, said Szlakowski's story highlights several of the systematic failures to properly address sexual harassment that exist within corporates. "One in three Australian workers have experienced sexual harassment ...

IFM Investors named in class action

ELIZABETH MCARTHUR  |  MONDAY, 7 JUN 2021
... the Federal Bureau of Investigations named Darkside. The class action claims that Colonial Pipeline Company failed to properly secure the infrastructure and left itself open to potential ransomware attacks. "The defendant's unlawfully deficient data ...

Former adviser hit with three-year ban

KARREN VERGARA  |  FRIDAY, 4 JUN 2021
... recommendations to switch products and did not align recommended investment strategies with client risk profiles. Smith failed to properly disclose costs in advice documents and the consequences of switching products. He did not provide clients with ...

How noise impacts trading performance

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 JUN 2021
... judgements of financial asset risk. In short, their findings showed the buzz of a trading floor sharpened traders' ability to properly assess risk in markets during prolonged episodes of extreme volatility - whether that volatility was very high or very ...

Long way for super complaints overhaul

KANIKA SOOD  |  THURSDAY, 20 MAY 2021
... complaint. "ASIC plans to undertake work to check on the implementation of the new requirements and encourage funds to properly engage with the new obligations," Press said. Financial Standard is the official media partner of the Conference of Major ...

AMP launches super podcast

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
... superannuation system with the remaining episodes released weekly. "Unfortunately, many of us still leave it too late to properly engage with our super and miss out on taking full advantage of the system - super is an asset we should understand and nurture ...

Aberdeen Standard rejigs Aussie equities fund

KANIKA SOOD  |  THURSDAY, 25 MAR 2021
... out of ESG-data providers like MSCI. As an example, she cited healthcare and tech stocks that ASI thinks are not being properly captured by MSCI. "ESG isn't just about risk mitigation we are [heading] to the next step which is alpha generation," she ...

Link faces another lawsuit

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
... Before Action (LBA) to Link, claiming that the fund's failure "had a long genesis and was avoidable, had Link done its job properly". Link Group's UK subsidiary has been embroiled in the demise of the WEIF/LF Equity Income Fund since 2016 when it began ...

Evergreen launches stress testing tool

ELIZA BAVIN  |  MONDAY, 8 FEB 2021
... risk is portfolio stress-testing." Evergreen senior analyst David Cohen said financial advisers find it difficult to properly stress test portfolios because they have not had access to the right tools. "Adequately assessing the range of risks being run ...