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Showing 1121 - 1130 of 1910 results for "Disclosure"

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 ...

Advisers applaud "historic" ban on commissions

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... Fox also welcomed the government's support to a longtime AFA request of extending the notice period to provide Fee Disclosure Statements (FDS)'s increased from 30 days to 60 days. Read all Financial Standard coverage of the FoFA legislation here

Government to pass most FoFA changes through regulation

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... interest duty, the provisions regarding investor access to scaled advice and the removal of the requirement for fee disclosure statements (FDS) to be sent to pre-July 1, 2013, clients. Changes through amendments to the Corporations Act and not through ...

MDA provider appoints lawyer to senior role

LAURA MILLAN  |  WEDNESDAY, 11 JUN 2014
... Corporations Act and the ASX listing rules, including related-party transactions, capital raising requirements and continuous disclosure requirements," managedaccounts.com.au executive chairman Don Sharp said. "Jillian has many years of experience performing ...

ASIC asks FSI for more flexible toolkit

MARK SMITH  |  WEDNESDAY, 4 JUN 2014
... system. "The assumption that underpinned much of retail financial services regulation since the Wallis Inquiry - that disclosure is the best tool in almost every instance to fix market failures - has not been borne out in practice," he said. He explained ...

ASIC reviews misleading promotion of hybrids

JAMES FERNYHOUGH  |  FRIDAY, 30 MAY 2014
... a number of misleading practices. "To date, we have found some promotional material that did not include a balanced disclosure of features and risks. This has been disappointing," he said. The reviews have revealed inadequate disclosure of risk, disclaimers ...

ASIC warns of complacency over confidential information

MARK SMITH  |  TUESDAY, 27 MAY 2014
The Australian Securities and Investments Commission (ASIC) has found little evidence of selective disclosure of market sensitive information at analyst briefings but has warned companies not to become complacent. In 2013, ASIC looked at the handling ...

Government delays SuperStream deadline

JAMES FERNYHOUGH  |  TUESDAY, 27 MAY 2014
... announced it would delay the product dashboard deadline for choice products, as well as the deadline for portfolio holdings disclosure.

FSC serves boutique with 'surprise' exit fee

JAMES FERNYHOUGH  |  THURSDAY, 22 MAY 2014
... about it when it joined up, and the document that they have on file mentions nothing about it. "If you had a product disclosure statement and you didn't disclose the exit fee, but then you claimed to an investor that it was in the constitution, that's ...

MySuper dashboards, ASIC warns trustees

ALICE URIBE  |  THURSDAY, 22 MAY 2014
... trustees about how they need to be handled. The guidance update focuses on how the dashboards are centrally important disclosure documents, not compliance material to be buried several layers down the fund's website menu structure. "The product dashboard ...