Search ResultsShowing 1 - 10 of 74 results for "Regulatory Guide 97"
Consumers don't understand fee disclosure: ISA
ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
Proposed changes to superannuation fee disclosures are still too confusing for consumers, warns Industry Super Australia. Industry Super Australia (ISA) has provided input on the proposed changes to Regulatory Guide 97, saying the proposals don't ...
ASIC appoints to disciplinary panel
KANIKA SOOD  |  FRIDAY, 30 NOV 2018
Heads from stockbrokers Macquarie Securities and Morgans are among new appointees to a peer review panel at ASIC. The corporate regulator has added four members to its markets disciplinary panel, which peer reviews the decisions about whether ...
ASIC moves to make licensees FASEA compliant
JAMIE WILLIAMSON  |  FRIDAY, 9 NOV 2018
ASIC has opened consultation on a regulatory update that would see FASEA's minimum education requirements imposed on the responsible manager of a licensee. The regulator has proposed updates to Regulatory Guide 105 that would reflect the ...
ASIC outlines code monitoring expectations
JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
The corporate regulator released guidance on the new code of ethics compliance schemes for financial advisers. The new Regulatory Guide 269 outlines the process and criteria ASIC will use in determining whether to approve a compliance scheme, as ...
AMP defaulted members as smokers: Royal Commission
KARREN VERGARA  |  MONDAY, 17 SEP 2018
An AMP non-smoking superannuation fund member was charged excessive premiums of up to $72,000 after he was unknowingly defaulted as a smoker, the Royal Commission heard this morning. AMP group executive wealth solutions and chief customer officer ...
CommInsure misled FOS: Royal Commission
KARREN VERGARA  |  THURSDAY, 13 SEP 2018
CommInsure admitted it misled the Financial Ombudsman Service that was helping resolve a claimant's dispute by deliberately withholding medical information and delaying the process, the Royal Commission heard yesterday afternoon. Counsel ...
Confidence remains in face of regulatory headwinds
JAMIE WILLIAMSON  |  FRIDAY, 31 AUG 2018
Increased regulation is the biggest challenge facing asset managers today, followed closely by rising costs and decreased profit margins. Despite such headwinds, confidence in the ability to perform remains high, latest research shows. According to ...
Super fees outpace asset growth: Research
KARREN VERGARA  |  MONDAY, 13 AUG 2018
The rate at which superannuation funds slug members fees is growing faster than the underlying assets being managed, latest research shows. Rainmaker Information's March quarter Benchmarking report shows members paid a total of $32 billion in ...
Industry bodies respond to RG97 review
KARREN VERGARA  |  THURSDAY, 26 JUL 2018
Several industry bodies have welcomed the recommendations aiming to overhaul fee and cost disclosure practices of superannuation funds and managed investments under Regulatory Guide 97. Darren McShane, appointed by ASIC to spearhead the independent ...
ASIC unveils RG97 review
KARREN VERGARA  |  TUESDAY, 24 JUL 2018
ASIC has welcomed an independent report proposing 34 changes to fee transparency for superannuation funds and managed investments under Regulatory Guide 97. The report, prepared by managed investments and super regulation veteran Darren McShane ...
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