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Showing 931 - 940 of 1216 results for "Principle"

Australia's funds industry lacks leadership

ALEX DUNNIN  |  FRIDAY, 13 AUG 2010
Australia's funds industry might lead the world in terms of government policy, but is badly let down by its poor leadership, said Roger Urwin, global head of investment content at asset consultant Towers Watson. Urwin, speaking at the Fund Executives ...

APRA warns on unlisted asset valuations

RUTH LIEW  |  FRIDAY, 6 AUG 2010
In a sign that unlisted valuations are still high on APRA's watch list, the regulator has written another letter to remind super fund trustees of the risks in unlisted investments and to watch their valuation practices. Retail super funds have traditionally ...

FPA and RIAA team up for planners

COMPANY RELEASE  |  WEDNESDAY, 4 AUG 2010
The Financial Planning Association of Australia pairs up with the Responsible Investment Association Australasia (RIAA) to promote responsible investment advice to its members. The partnership is part of the FPA's push to improve educational opportunities ...

Australian ESG expert claims world-first

MICHELLE BALTAZAR  |  THURSDAY, 29 JUL 2010
Canberra-based researcher CAER becomes the first non-European organisation to get a Voluntary Quality Standard (VQS) badge for its work on assessing environmental, social, governance (ESG) and ethical performance analysis of companies. The certification ...

APRA proposals could deter overseas firms: AXA

MICHAEL HOBBS AND RUTH LIEW  |  FRIDAY, 23 JUL 2010
AXA Asia Pacific chief executive, Andrew Penn, has warned regulatory proposals from the Australian Prudential Regulation Authority (APRA) could stifle Australia's potential to become a regional financial hub. Speaking at the American Chamber of Commerce ...

Goldman Sachs pay $620m to settle SEC lawsuit

SEC RELEASE, BLOOMBERG  |  FRIDAY, 16 JUL 2010
Goldman Sachs & Co has paid the US regulator more than $620 million (US$550 million), the largest penalty ever levelled against a financial firm, for allegedly misleading investors regarding the deals behind its sub-prime mortgage product. Goldman Sachs ...

LGS sells FuturePlus share to EISS

MICHELLE BALTAZAR, MICHAEL HOBBS  |  TUESDAY, 13 JUL 2010
... business caught in the political rift between the two super funds. According to a statement from LGS, EISS has agreed 'in-principle' to buy LGS' share in FuturePlus and become the firm's sole owner, subject to due diligence. Both EISS and FuturePlus ...

ASX power handover to ASIC heralds new trading rules

PRESS RELEASES  |  FRIDAY, 9 JUL 2010
... Securities & Investment Commission (ASIC) will start supervising the ASX from August this year. Bowen said he has given in-principle consent to ASIC's market integrity rules and the changes to the operating rules of the ASX Group. Formal approval will ...

CFSGAM aims for top quartile UN PRI performance

MICHAEL HOBBS  |  FRIDAY, 9 JUL 2010
Colonial First State Global Asset Management (CFSGAM), the largest fund manager in the country, mounts an ambitious strategy to rank as a top quartile fund based on performance when measured against the key principles set in the UN PRI. At a briefing ...

Govt provides flexibility on fee for service

MICHAEL HOBBS  |  TUESDAY, 29 JUN 2010
The government is not mandating financial planners use one remuneration structure over another as it consults with the financial services industry on the Future of Financial Advice reforms. Speaking in parliament last week, Chris Bowen, minister for ...