Search ResultsShowing 1 - 10 of 100+ results for "ACT"
Retail fund faces class action on MySuper
ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... exercise the degree of care, skill and diligence required of a prudent superannuation trustee, failed to perform its duties and act in the best interests of members and failed to take members interests as a priority where conflicts arose. Principal lawyer ...
Recognition for industry leader in fight against slavery
ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... better awareness and practice around slavery in the investor community. The awards were the first since the Modern Slavery Act came into effect in Australia at the start of the year. Carlsson-Sweeny's work has seen him visit factories in China, Cambodia ...
ASIC grants compliance scheme relief
HARRISON WORLEY  |  WEDNESDAY, 16 OCT 2019
... no longer monitor and enforce the Financial Planners and Advisers Code of Ethics. However, enshrined in the Corporations Act 2001 is an obligation for AFS licensees to ensure that their financial advisers are covered by an ASIC-approved compliance scheme. ...
AMPFPA selects law firm
JAMIE WILLIAMSON  |  TUESDAY, 15 OCT 2019
... following AMP's decision to alter its Buyer of Last Resort policy. The AMPFPA has selected Corrs Chambers Westgarth to act on behalf of members in investigating legal action against AMP Financial Planning. This includes exploring the potential for ...
Broker fined for lavish entertainment
ELIZABETH MCARTHUR  |  MONDAY, 14 OCT 2019
... business was risky in terms of promoting improper broker conduct, as there was financial incentive for brokers and traders to act together to generate brokerage. Further incentive existed for brokers and traders to collude to boost brokerage as 3% of ...
ACCC to probe rate cut decisions
HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... to customers will also be probed. The ACCC said that by holding an inquiry under Part VIIA of the Competition and Consumer Act (2010), it was able to compel financial institutions to divulge specific information about their decision making processes ...
New executive role at Colonial First State
KANIKA SOOD  |  FRIDAY, 11 OCT 2019
... announced an interim general manager has been appointed while the company seeks a permanent replacement. "Gideon Lipman will act as general manager, strategy and transformation while we conduct a search for a permanent replacement," the spokesperson ...
Volcker Rule tweak gets green light
KANIKA SOOD  |  THURSDAY, 10 OCT 2019
... Currency, and the Securities and Exchange Commission. The Volcker Rule is the section 619 of the Dodd-Frank Wall Street Reform Act, 2010 named after former Fed chair Paul Volcker who proposed the restrictions on speculative trading by big banks as a ...
Chief economist update: Negative bang for RBA, government's buck
BENJAMIN ONG  |  THURSDAY, 10 OCT 2019
"Pessimism becomes a self-fulfilling prophecy; it reproduces itself by crippling our willingness to act." - Howard Zinn Taken after the Reserve Bank of Australia's (RBA) third interest rate reduction this year which brought the official cash rate ...
Fidante signs US alternatives manager
KANIKA SOOD  |  FRIDAY, 4 OCT 2019
... relationship manager. Under the new joint venture, the two companies will form Ares Australia Management (AAM) which will act as the investment manager for the new investment vehicles for retail and institutional clients in Australia and New Zealand. ...
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