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Showing 1041 - 1050 of 1924 results for "Disclosure"

Industry moves away from upfront commissions

LAURA MILLAN  |  THURSDAY, 25 JUN 2015
... replacement data, starting 1 January 2016. The regulator will also review statements of advice (SoA) with a view to making disclosure simpler and more effective. The debate over insurance advice remuneration models was prompted by an ASIC report that ...

Macquarie refunds $5.5m after 13-year system errors

ALEX BURKE  |  WEDNESDAY, 17 JUN 2015
... fees. The errors occurred in the Macquarie Wrap platform and included charging fees over the maximum amount in product disclosure statements and applying insufficient GST credits. Macquarie worked with ASIC, appointing independent consultant Deloitte ...

Australian Unity to list office property fund

DARREN SNYDER  |  TUESDAY, 16 JUN 2015
... distributions and making bi-annual capped withdrawal offers," Pratt said. "Until the proposal is finalised, the fund's product disclosure statement has been temporarily withdrawn. This means that new applications cannot be made but the distribution reinvestment ...

Australia bottom of the class for portfolio disclosure

MARK SMITH  |  THURSDAY, 11 JUN 2015
Australia has come dead last in a study of portfolio disclosure standards across 29 countries. The Morningstar Global Fund Investor Experience Report assesses managed fund investor experiences in 25 countries (expanded to 29 for the published article) ...

PROFILE: IOOF managing director Chris Kelaher

LAURA MILLAN  |  WEDNESDAY, 3 JUN 2015
... he got involved in what was then called the prescribed interest regime or prospectuses, and we now know as product disclosure statements. That interest brought him under the umbrella of Citibank, which was then introducing its Citi Funds product in Australia ...

Banned for taking $4m from SMSFs

LAURA MILLAN  |  MONDAY, 1 JUN 2015
... ActiveSuper were using investors' money to purchase distressed properties in the US via offshore companies and did so without disclosure to clients. ASIC Commissioner Greg Tanzer said: "Today's outcome shows the courts, ASIC and the community will not ...

BNY Mellon to provide ESG insights

ALEX BURKE  |  FRIDAY, 22 MAY 2015
... enabling us to help clients better understand the needs of investors and develop strategies around enhanced corporate disclosure. We want to keep firms at the forefront of these trends."

APRA releases super performance profiles

DARREN SNYDER  |  WEDNESDAY, 20 MAY 2015
... consultation over the reporting framework. In the letter APRA member Helen Rowell said consultation will continue around the disclosure of data reported on fees - including fees paid and activity fees paid, as well as information on fee rebates and fee ...

ASIC seeks more bans in SMSF advice crackdown

ALEX BURKE  |  FRIDAY, 15 MAY 2015
... ActiveSuper were using investors' money to purchase distressed properties in the US via offshore companies and did so without disclosure to clients. Orders were made against Royale Capital and ActiveSuper in July 2012, preventing them from accessing ...

CCMC chief executive appointed as lead ombudsman

DARREN SNYDER  |  TUESDAY, 12 MAY 2015
... he said. The Code of Banking Practice is the banking industry's customer charter on best practice banking standards, disclosure and principles of conduct. It is contractually binding on subscribing banks and sets out the minimum standards banks have ...