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Showing 91 - 100 of 1714 results for "disclosure"

YFYS recommendations not enough: AIST

JAMIE WILLIAMSON  |  THURSDAY, 6 APR 2023
... a transfer of members to a better fund, not on individual members deciding to leave an underperforming fund. While disclosure is useful, it has been shown repeatedly that many members struggle to take meaningful action," she said. She also noticed that ...

Super performance test consultation opens

KARREN VERGARA  |  WEDNESDAY, 5 APR 2023
Assistant treasurer Stephen Jones has opened consultations that aim to make the superannuation performance test more accurate by updating the benchmarks and extending the testing period. These are among the proposed changes to the Your Future, Your ...

Linchpin, Endeavour directors found guilty

JAMIE WILLIAMSON  |  TUESDAY, 4 APR 2023
... ensure Endeavour complied with its compliance plan, obtained member approval for related party loans, or issued product disclosure statements that complied with law. They also failed to exercise care and diligence, and did not act in the best interests ...

Taskforce exposes rising dangers for retail investors

ANDREW MCKEAN  |  FRIDAY, 31 MAR 2023
... data on online transactions complicating regulatory action. In response, the report emphasised the need for improved disclosure, product design, and product intervention. But currently, retail investors often struggle with disclosures due to technical ...

New Australian digital assets bill to regulate crypto

ANDREW MCKEAN  |  THURSDAY, 30 MAR 2023
... capital requirements, and calls for the segregation of customer funds. It also establishes auditing, assurance, and disclosure requirements for enhanced consumer protection. For stablecoins, the Bill creates minimum reserve standards, requiring issuers ...

ASIC investigates CHESS replacement blunder

KARREN VERGARA  |  WEDNESDAY, 29 MAR 2023
... This includes breaching duties of care and diligence, which under section 180 is a civil obligation, and continuous disclosure rules to determine if they were reckless or negligent in any way under section 674 and 674A. ASIC is also examining if there ...

Former AMP adviser pleads guilty to dishonest conduct

KARREN VERGARA  |  MONDAY, 27 MAR 2023
... financial products, and not leaving them in a better position after receiving his advice. ASIC added that the incomplete disclosure of the information by Fong meant the duty of disclosure owed by the clients to the insurer had not been met and they risked ...

Don't wait for QAR: Press

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... looking more like equity then that should be reflected." Press said there is no need to go back and change historical disclosure in portfolio holdings. She said: "But we do expect that trustees are thinking about it now, and also looking at what markets ...

Still work to be done on group insurance: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
Superannuation funds need to improve the life insurance they provide members, with ASIC finding trustees have not made sufficient effort to do so since it began targeted work in the area in 2019. Last year, ASIC reviewed the actions of 15 trustees in ...

Spotlight shines brighter on climate reporting: Expert

KARREN VERGARA  |  FRIDAY, 17 MAR 2023
... increasing regulatory and legislative pressures that will soon sharpen their ability to provide quality and accurate climate disclosure reports, according to an expert. FS Sustainability managing editor Rachel Alembakis told the recent Technical Services ...