AustralianSuper has announced it will enforce manager compliance with the CFA asset manager code of conduct.
AustralianSuper has enforced the CFA code – created by the CFA Institute – believing its adoption will help drive better standards throughout the investment industry.
AustralianSuper deputy chief executive and chief investments officer Mark Delaney said, “The CFA Code’s general principles of conduct underpin the minimum standards that AustralianSuper drives within its investment agreements.
“It provides a clear and consistent ethical and professional behaviour framework across all managers in all asset classes."
The fund now requires all external managers to adopt and comply with the CFA code.
“AustralianSuper enforces the manager’s compliance with the CFA Code to put all our external managers on the same ethical standards and to drive higher and better standards throughout the investment industry,” Mr Delaney said.
CFA Society Sydney president Anthony Serhan said the code outlines the ethical and professional responsibilities of firms that manage assets on behalf of clients.
“The Code was designed by CFA Institute to be adopted globally within the industry as a template and guidepost for investors seeking managers who adhere to sound ethical practice,” Mr Serhan said.
Private banking is one of its fastest growing businesses for one of the big four as the nation continues to see a rise in the number of high...
The head of a major bank has admitted that the group did not take measures to remove conflicts of interest within its financial advice busin...
AMP Capital chief economist Shane Oliver has warned that there is a real risk President Trump will blame the Fed for the next inevitable dow...