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Showing 1 - 10 of 106 results for "Fiduciary Duty"

Former fund manager admits to obstructing SEC probe

KARREN VERGARA  |  TUESDAY, 16 JUN 2026
... strategies, while assigning roughly the same amount in first-day losses to other client accounts, despite owing a fiduciary duty to all investors. Leech's conduct affected both institutional and retail clients, including those relying on him to manage ...

Superannuation system quality stagnates: Report

KARREN VERGARA  |  WEDNESDAY, 15 OCT 2025
... said. The MCGPI makes clear the central purpose of pensions must remain to secure retirement income, guided by fiduciary duty above all else, Franklin added, noting that pension systems work best when they balance innovation and national priorities with ...

Hostplus slams Lendlease over $2bn fund

ELIZA BAVIN  |  TUESDAY, 30 SEP 2025
... managed. Fiduciary responsibility demands active engagement and not passive avoidance." Hostplus said it has a fiduciary duty to hold managers to account on behalf of its 1.9 million members. "That means holding managers to account when governance frameworks ...

UK treasury provides guidance on local pension consolidation

MATT TOLEDO  |  FRIDAY, 30 MAY 2025
... markets is the best option. "The challenges of a mandated approach would be significant-raising legal concerns around fiduciary duty and potentially distorting pricing in ways that could reduce member outcomes," he continued in the statement. "A voluntary ...

BlackRock settles lawsuit for 'misleading consumers'

ANDREW MCKEAN  |  MONDAY, 20 JAN 2025
... agreement's terms. BlackRock also committed to ensuring that its communications with investors comply with disclosure and fiduciary duty laws, and for its funds that don't have investment objectives beyond financial performance, it will cast shareholder ...

Does ESG have a fiduciary issue?

ROSE MARY PETRASS  |  MONDAY, 17 JUL 2023
... operational, market, liquidity, credit, currency, and inflation. Despite criticism that positions ESG as a barrier to fiduciary duty, panellists argued that embracing ESG principles is in the interest of stakeholders. ESG investing, they said, provides ...

Family offices increasingly involved in succession planning

CHLOE WALKER  |  THURSDAY, 13 JUL 2023
... increase in interest levels. Further to being a key consideration, 91% of respondents believe ESG is a part of fiduciary duty. "There is no denying that the next generation is more actively involved than they have been previously," Ocorian executive ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... restrictions on collective charging of fees should be removed," she said. "The new best interests duty would be a true fiduciary duty that reflects the general law and will not include a safe harbour. This duty will apply only to financial advisers (relevant ...

My mind has not been changed: Levy

CASSANDRA BALDINI  |  WEDNESDAY, 8 FEB 2023
... duty obligations will not pertain to non-relevant providers. "The new best interests' duty would be a true fiduciary duty that reflects the general law and will not include a safe harbour. This duty will apply only to financial advisers (relevant ...

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
... Statutory Best Interests Duty. This would replace the current obligations for relevant providers and would be a true fiduciary duty reflecting the general law. It will not include a safe harbour. As previously proposed, the report states that the Corporations ...
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