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Showing 941 - 950 of 2631 results for "Practices"

Industry fund looks within for co-chair

HARRISON WORLEY  |  MONDAY, 20 JAN 2020
... Orbis," Watson said at the time. "XPO's underperformance can arguably be attributed to its poor governance and labour practices. It is an interesting case study to illustrate the proposition that firms who lag on ESG imperatives can often constitute ...

Future of life insurance in doubt: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 JAN 2020
... outcomes and increased operational risk for insurers." The inappropriate sale of life insurance and poor claims handling practices were also highlighted as issues. However, despite the issues APRA noted that life insurers broadly finished 2019 financially ...

Faith-based super fund increases fees

ELIZABETH MCARTHUR  |  FRIDAY, 10 JAN 2020
... Sharia principles are factored into all financial decisions, there is a greater level of scrutiny applied to investment practices and management leading to higher costs than other funds may incur." Equity Trustees, the trustee for Crescent Wealth Super ...

Westpac to pay $9.5m for Corps Act breaches

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... successful at promoting Westpac's products. "It may readily be inferred that Westpac's compliance systems and practices were less than rigorously applied, at least in Mr Sinha's case," Wigney said. Westpac must also pay ASIC's legal f ...

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... continued reduction in life insurance commissions. We've seen major increases to compliance requirements imposed upon practices, making it more difficult to run an advice business and still turn a profit. And sadly, we've seen many financial ...

No joy in the advice world this Christmas

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
... families, finances and mental/emotional well-being on mature age planners (including those that borrowed to acquire practices) have been catastrophic" Daniels said after careers spent guiding families and business owners to avoid financial distress ...

AMPFP ceases MDA services

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
... Standard at the time that AMP Financial Planning's limited MDA arrangement has caused a number of issues for AMPFP practices because they can no longer efficiently execute changes to client portfolios - one of the key advantages of having an MDA ...

NULIS satisfies ASIC requirements

HARRISON WORLEY  |  MONDAY, 16 DEC 2019
... the independent expert charged with assessing and reporting on the adequacy of NULIS' compliance and risk management practices across its retail and wrap super funds. The recommendations covered improvements to NULIS's governance and reporting lines ...

ASIC urges improved insurance outcomes

ELIZA BAVIN  |  FRIDAY, 13 DEC 2019
... to improving outcomes for members." ASIC said the Code sets standards of practice with the aim of improving industry practices in benefit design, claims handling and communications to members. The report found that 70% of superannuation trustees are ...

ASIC lifts ban on new opaque active ETFs

KANIKA SOOD  |  WEDNESDAY, 11 DEC 2019
... arrangements to manage risks. The corporate regulator today said its review found that several internal market making practices (on which non-transparent active ETFs rely) raise market integrity concerns. "In particular, the use of the fund's portfolio ...