CFA Institute


CFA Institute urges members to ‘renounce profit maximisation’ and embrace professionalism

The global head of the CFA Institute, Paul Smith, has urged the investment community to embrace professionalism and “renounce profit maximisation” as two critical steps towards restoring trust with investors. Speaking at the CFA Societies Australia Investment Conference in Sydney, Smith (pictured) described the investment management industry as being at “something of a crossroads”. “Trust […]

Fixing poor culture and ethics is key in restoring trust in financial planners

Financial institutions need to be more aware of the organisational cultures they are fostering and how these correlate with compliance breaches, according to Greg Medcraft, chairman, Australian Securities and Investments Commission (ASIC). “Where we’re undertaking front-line supervision and we see a pattern of breaches…not by just one, but a whole series of bad apples, it […]

FEATURE: Mercer and CFA Institute report underlines the global role of financial planning

A report by Mercer and the CFA Institute has underlined the increasingly important role that financial planning and advice plays in developing best practice in retirement systems around the world. The report, An ideal retirement system, contains 10 principles for both developed and emerging retirement systems (see box). The principles are designed to guide CFA […]

Why ethics trumps regulation in creating a healthy corporate culture

As the managing director of BT Investment Management, Emilio Gonzalez routinely encounters conflicts of interest – conflicts between, on one hand, what might be best for the business that employs him and, on the other hand, what might be in the public interest, or in the interests of society more broadly. Gonzalez (pictured) says he […]