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Showing 1091 - 1100 of 1924 results for "Disclosure"

Climate induced GFC a 'very real' risk: Hewson

JAMES FERNYHOUGH  |  TUESDAY, 14 OCT 2014
... global financial crisis that dwarfs the 2008 crash. Hewson was speaking in his capacity as chairman of the Asset Owners' Disclosure Project, a movement which pressures the 1000 largest global pension funds to disclose their carbon risk. Those 1000 funds ...

BT launches 'ground-breaking' advice register

JAMES FERNYHOUGH  |  TUESDAY, 14 OCT 2014
... advice was all in order. "All our controls and internal assessment of our advisers doesn't give us any concern over disclosure of fees or commissions. Our advice disclosure documents require advisers to disclose fully and completely, and all our audits ...

APRA confirms MySuper non-confidentiality rules

JAMES FERNYHOUGH  |  THURSDAY, 2 OCT 2014
... supported" APRA's proposal to treat data as non-confidential if is "considers that the benefit to the public from the disclosure of the data outweighs any detriment to commercial interests that the disclosure my cause." APRA stated: "In the short term ...

Coalition secures PUP support on FoFA vote

LAURA MILLAN  |  THURSDAY, 2 OCT 2014
... and which is also affordable," Cormann said. The changes include removing the opt-in requirement, streamlining of fee disclosure statements, amending the best interest duty and providing certainty around the provision of scaled advice. Some of these ...

Misleading PDS costs NAB $10,200

LAURA MILLAN  |  WEDNESDAY, 1 OCT 2014
Making potentially misleading statements in a product disclosure statement (PDS) has seen National Australia Bank (NAB) get a $10,200 penalty from the Australian Securities and Investments Commission (ASIC). The regulator was concerned that the PDS ...

Opposition wants to postpone vote on FoFA bill

LAURA MILLAN  |  TUESDAY, 23 SEP 2014
... general advice, amendments to the statement of advice provisions and an extension of the time period within which fee disclosure statements must be provided to a client.

ASIC reviews FoFA progress

JAMES FERNYHOUGH  |  THURSDAY, 18 SEP 2014
... in income as a result of the rules limiting conflicted remuneration. Licensees also said requirements to provide fee disclosure statements, which have demanded system updates, had been a major challenge. They also said the best interest duty brings with ...

Westpac fined over misleading statements on annuity product

LAURA MILLAN  |  WEDNESDAY, 17 SEP 2014
... penalty after the Australian Securities and Investments Commission issued two infringement notices regarding the product disclosure statement (PDS) and other promotional material. Westpac potentially misled consumers by representing that the interest ...

Magellan sees "real tensions" in launching ASX-listed fund

LAURA MILLAN  |  WEDNESDAY, 17 SEP 2014
... have some intellectual property that they are trying to protect, and putting that on an exchange which has its own disclosure regime and requirements," Cairns said, speaking at the Bloomberg Summit yesterday. "That is not easy at all," he admitted, and ...

Penalties for fund managers too lenient

MARK SMITH  |  WEDNESDAY, 10 SEP 2014
... proactive approach to the identification of fraud. These include harsher penalties for perpetrators of fraud, improved disclosure of offshore investment structures and a greater oversight role for 'gatekeepers' such as auditors and custodians. The report ...