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Showing 1071 - 1080 of 1924 results for "Disclosure"

Murray's FSI: consumers win round one

ALEX DUNNIN  |  SUNDAY, 7 DEC 2014
... gauntlets any government has seen in decades. There is no better way to illustrate this than the nuclear option that "disclosure and financial literacy are not enough" and that financial institutions need higher [moral and ethical] obligations to ensure ...

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
... enhance the regulatory toolkit available where there is risk of significant consumer detriment. Facilitate innovative disclosure: Remove regulatory impediments to innovative product disclosure and communication with consumers, and improve the way risk ...

Register to include qualifications, association membership

LAURA MILLAN  |  MONDAY, 1 DEC 2014
... disqualifications or enforceable undertakings; and details around ownership of the financial services licensee and disclosure of the ultimate parent company where applicable. Treasury made the statement public following media information that the register ...

AMP, Vanguard and ASIC join forces to simplify disclosure

LAURA MILLAN  |  FRIDAY, 28 NOV 2014
... 'key facts' sheet and a self-assessment tool to guide investor understanding. "More work needs to be done on short disclosure," ASIC chairman Greg Medcraft said. "Investors tend to turn off when faced with wordy disclosure documents. If they need more ...

AIST lobbies govt to keep LISC payment disclosure

JAMES FERNYHOUGH  |  WEDNESDAY, 26 NOV 2014
The Australian Institute of Superannuation Trustees (AIST) is calling on the government to maintain separate disclosure of low income superannuation contribution (LISC) payments on superannuation statements. While the government has moved to abolish ...

Original FoFA laws take immediate effect

JAMES FERNYHOUGH  |  THURSDAY, 20 NOV 2014
... advisers must regularly ask their clients to re-sign their contracts. Advisers are also no longer exempt from sending fee disclosure statements to clients who joined them before July 2013. Grandfathering provisions are also scrapped. The other major ...

Cbus executive denies perjury allegation

JAMES FERNYHOUGH  |  TUESDAY, 18 NOV 2014
... alleged leak of member data, saying: "If Mr Atkin did not have direct knowledge of or involvement in the Butera/Zanatta disclosure, his blindness to the likelihood of the source of the information after the fact seems either wilful or remarkably imperceptive. ...

Advisers confirm SMSF appetite for LICs

STAFF WRITER  |  MONDAY, 17 NOV 2014
Self-managed super fund (SMSF) investors are showing an appetite for listed investment companies (LICs) according to a new adviser survey. A survey of 30 advisers who attended a recent Perpetual roadshow, revealed that that 57% believe the growth of ...

ASIC intervenes non-compliant Aurora listed funds

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
... of its listed investment schemes. ASIC is concerned that Aurora did not comply with multiple 'substantial holdings' disclosure obligations and, in 2013, it breached the 20% prohibition in respect of one of its listed funds. Aurora was subject to disclosure ...

ASFA launches blueprint for post-retirement system

JAMES FERNYHOUGH  |  THURSDAY, 13 NOV 2014
... Framework for a Better System, the paper argues for an opt-out MyPension product for default members, as well as compulsory disclosure income stream projections. ASFA chief executive Pauline Vamos said: "We know that the ageing population is going to ...