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Showing 971 - 980 of 2689 results for "Fair"

Renewed calls for risk-adjusted returns

KARREN VERGARA  |  MONDAY, 12 AUG 2019
The endemic use of headline returns to pit a superannuation fund's performance against another has renewed calls for a fairer, like-for-like comparison that focuses on risk as the key metric. The propensity for research houses, the media - and even ...

ASIC fines Finclear $70,000

KRISTI CHENG, KARREN VERGARA  |  FRIDAY, 9 AUG 2019
... Finclear's actions contravened market integrity rules and resulted in creating a market for the shares that was neither fair nor orderly. Finclear was aware of ASIC's expectations that the offer should have been held in the market for a prolonged ...

Lloyds, pension fund pay $250m settlement

JAMIE WILLIAMSON  |  FRIDAY, 26 JUL 2019
... Aberdeen chief executive Keith Skeoch said: "We are pleased with the settlement with LBG and believe that it represents a fair and positive outcome for both parties. We look forward to building on our relationship with LBG and continuing to deliver positive ...

Sam Henderson cops ASIC ban

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
... products, ASIC said. One example of poor advice highlighted during the Royal Commission was that of Henderson repeatedly pushing Fair Work commissioner Donna McKenna to establish a self-managed superannuation fund to be managed by his practice. She refused ...

Standard Life Assurance fined for hawking non-advised annuities

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2019
Standard Life Assurance has been slapped with a £30.8 million ($54.9m) fine by the UK regulator for hawking non-advised annuities. The Financial Conduct Authority found SLA offered its call centre staff "significant bonuses and rewards" if they exceeded ...

Adviser association rebrands, grows membership

KARREN VERGARA  |  THURSDAY, 18 JUL 2019
... advisers. It also wants to expose FASEA as a "sham" and believes that securing life insurance commissions under an 80/20 split is fair. UFAA described FASEA as having "no understanding of day to day activities of independent financial advisers." The ...

ASIC moves to ban direct life cold calling

HARRISON WORLEY  |  THURSDAY, 18 JUL 2019
... outlaw unsolicited super and insurance sales, but would do what it could to protect consumers in the meantime. "It is only fair that consumers have a proper opportunity to consider which insurance product best meets their needs and then compare alternative ...

Reform implementation timeframe too short: AustralianSuper

HARRISON WORLEY  |  WEDNESDAY, 17 JUL 2019
... commencement date of 1 October 2019, which requires funds to communicate with their membership by 1 August 2019 is not a fair and reasonable request of funds or their members," Mine Super said. "Parliament does not resume sitting until 22 July and this ...

FASEA exam was fair: Poll

KARREN VERGARA  |  TUESDAY, 16 JUL 2019
... difficult, while the majority said it was reasonable. Less than half (44%) of the survey participants said the questions were fair and reasonable, and less than a third (28%) said the exam was straightforward. The first sitting took place between June ...

AFCA delivers $83 million win

ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
The Australian Financial Complaints Authority has collected over $83 million for consumers and small businesses in just six months. In its first six months of operations, AFCA received over 35,000 complaints and 60% of those have already been resolved. ...