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

Search Results

Showing 951 - 960 of 2631 results for "Practices"

Calastone wins mandate

KANIKA SOOD  |  TUESDAY, 10 DEC 2019
... said. "With OneVue joining other leading registries in advocating electronic reporting, the question around why manual practices persist grows louder within the industry." OneVue deputy chief executive Richard Harris-Smith said manual reporting has been ...

Industry fund publicly shames investment adviser

ELIZABETH MCARTHUR  |  MONDAY, 9 DEC 2019
... executive Bill Watson said. "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 a ...

ETF investing at record highs: Report

ELIZA BAVIN  |  THURSDAY, 5 DEC 2019
... over the next three years, compared to 11% for other advisers. "In an age of unprecedented regulatory scrutiny on their practices, financial advisers are increasingly adopting ETFs within their advice business," Vynokur said. The report found the number ...

Stanford Brown acquires Sydney advice firm

KANIKA SOOD  |  WEDNESDAY, 4 DEC 2019
... acquisition adds two advisers to Stanford Brown's 13, taking the total to 15. "Yes, we are looking to acquire more practices, especially where the principal is looking to retire," Hoyle told Financial Standard. He declined to comment on size of the ...

ASIC bans direct life cold calling

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
... saw none of the 15 submissions made oppose a ban on the practice. According to ASIC, the move addresses "poor sales practices" which it believes have led to unfair consumer outcomes. The regulator noted its action follows through on recommendation 4.1 ...

Life insurers lost $3.4b over five years: APRA

ELIZA BAVIN  |  TUESDAY, 3 DEC 2019
... which will require life insurers to address flaws in product design and pricing that are contributing to unsustainable practices. "Life companies have collectively lost around $3.4 billion over the past five years through the sale of DII to individuals ...

FASEA compliance has silver lining

KANIKA SOOD  |  FRIDAY, 29 NOV 2019
For financial planning practices that don't have a clearly laid out business plan, the workload of meeting FASEA's Code of Ethics requirements can be a great push to get it in order, according to a speaker at the FPA Congress. In a session about ...

How much a self-licensee spends on compliance

KANIKA SOOD  |  THURSDAY, 28 NOV 2019
... revenue producer - will be spent on compliance," he said. But Martyn thinks self-licensing can still work for very small practices. Her practice has three planners and she leads the client side. "You can run a one-man band but you have to focus on information ...

AFSLs show widespread non-compliance: ASIC

ELIZA BAVIN, JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2019
... off ongoing fees," ASIC said. ASIC commissioner Danielle Press said the findings have raised concerns about industry practices in relation to fee disclosure to clients. "Our review has found widespread non-compliance with fee disclosure obligations across ...

New head of investments at MLC

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
... capabilities," Armitage said. "There is strong philosophical alignment between Al's approach and MLC's investment practices and values, and we look forward to him coming onboard." Clark has already joined MLC and Gosling will remain until the ...