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Showing 1111 - 1120 of 1910 results for "Disclosure"

ASIC considers compulsory advice for complex products

MARK SMITH  |  MONDAY, 14 JUL 2014
... quality of products entering the market. Other submissions to ASIC on complex products suggested measures to improve disclosure for complex products including requiring product manufacturers to produce a one-page summary document, compulsory warnings ...

Platinum and Iress named 'laggards' on sustainability

JAMES FERNYHOUGH  |  MONDAY, 14 JUL 2014
... for four or more consecutive years, despite having been annually contacted by ACSI to highlight the need for improved disclosure." Iress group general counsel and company secretary Peter Ferguson said the main reason his company had not reported was ...

Super funds have clout to demand transparency

JAMES FERNYHOUGH  |  FRIDAY, 11 JUL 2014
Super funds should not be shy of demanding full holdings disclosure from alternatives managers in order to meet reporting standards, HOSTPLUS chief investment officer Sam Sicilia has said. Sicilia said that if the managers refuse to provide the information ...

ASIC permanently bans former finance broker

HARRY PAGE  |  THURSDAY, 10 JUL 2014
... permanently banned former Victorian finance broker Rudy Frugtniet after he provided misleading information and lacked full disclosure on a credit licence application. Frugtniet is a former director of Unique Mortgage Services (UMS) and was the key person ...

Intra-fund advice exemptions in doubt

JAMES FERNYHOUGH  |  TUESDAY, 8 JUL 2014
... Cormann said: "What I will do though, if the Senate is indeed of the view for example that Opt-In and retrospective fee disclosure requirements should stay in place for small business financial advisers, is consider whether in the interest of competitive ...

ASIC warns fund managers to fix fee disclosure

MARK SMITH  |  TUESDAY, 8 JUL 2014
... and Investments Commission (ASIC) has warned fund managers to get their act together to avoid inconsistent or false disclosure of fees to investors. The regulator has issued a report following an investigation into fee and cost disclosure practices in ...

FoFA future uncertain as Palmer threatens to join opposition

LAURA MILLAN  |  MONDAY, 30 JUN 2014
... financial product or commissions are considered conflicted remuneration. From today, advisers do not need to send Fee Disclosure Statements (FDS) to clients prior to July 1, 2013, and resolves the issue of grandfathering. Read all Financial Standard ...

ATO closing in on undisclosed offshore income

MARK SMITH  |  MONDAY, 30 JUN 2014
... Cranston said the new information would be used to encourage people to disclose under Project DO IT, the ATO's offshore disclosure initiative. "The net is closing for people who have undeclared offshore income - we're looking at all our data and will ...

Super funds procrastinate on holdings disclosure

JAMES FERNYHOUGH  |  THURSDAY, 26 JUN 2014
Super funds are not treating the looming reality of portfolio holdings disclosure as a priority, according to BNP Paribas Securities Services' chief administration officer Daryl Crich. Speaking to media this week, Crich said: "I don't think it is front ...

Super for retirement income not wealth warn Treasury, ASFA

ALEX DUNNIN  |  MONDAY, 23 JUN 2014
... said, "high fees are simply a drain to investors. These products should not be forbidden but they should come with a disclosure regime similar to a surgeon's general warning." Gruen said super fund fees in Australia being three times that of UK pension ...