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Showing 1321 - 1330 of 4966 results for "Practice"

Australia bottoms out on fund disclosure

ANNABELLE DICKSON  |  TUESDAY, 15 DEC 2020
Australia has been given the lowest grade by a research house for being the only mutual fund market in the world that does not have regulated portfolio holdings disclosure. Morningstar's biannual Global Investor Experience (GIE) report gave Australia ...

ISA ramps up campaign against super reforms

ELIZA BAVIN  |  MONDAY, 14 DEC 2020
... mark-ups that for-profit and bank-run funds pay to other parts of the businesses for services are excluded. ISA labelled the practice a "fee gorge" on members' savings and said it generated up to $10 billion a year in profit. "The government instead ...

Design, distribution obligations guide released

KARREN VERGARA  |  FRIDAY, 11 DEC 2020
The regulatory guide on product design and distribution obligations for the financial services industry has been released. ASIC's RG 274 Product design and distribution obligations aims to help consumers obtain appropriate financial products by ...

US regulator, states sue Facebook

JAMIE WILLIAMSON  |  THURSDAY, 10 DEC 2020
... Australian lobby group consisting of Google, Facebook, Twitter and others. "DIGI has watered down the failed EU Code of Practice on Disinformation and is trying pass it off as a tough stance to what they hope is a gullible Australian audience," Reset ...

Damning Rio report to shake mining industry

ELIZABETH MCARTHUR  |  THURSDAY, 10 DEC 2020
The damning report into Rio Tinto's destruction of the Juukan Gorge sacred sites has recommended mining companies completely change the way they do business, with super funds invested in miners already welcoming the findings. On 24 May 2020, Rio Tinto ...

Key advice reforms tabled

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... superannuation; and independent disclosure requirements. Putting Commissioner Kenneth Hayne's recommendation 2.1 into practice, the new law is aiming to curb the fee-for-no-service problem. Advisers must provide clients a fee disclosure statement ...

Advice associations join forces

ANNABELLE DICKSON  |  WEDNESDAY, 9 DEC 2020
The Association of Independently Owned Financial Professionals (AIOFP) has formed a strategic alliance with Tax & Super Australia (TSA) in a bid to have a louder voice when lobbying for the industry. The alliance will have a membership base of 10,000 ...

Advice firm launches dealer group

JAMIE WILLIAMSON  |  MONDAY, 7 DEC 2020
... enable continued improvement of the technology. The pricing also tiers down depending on the number of advisers within a practice. "We recognise it's not the cheapest, but we don't want it to be the cheapest either... I don't really see us trying to ...

ASIC to improve default insurance

KARREN VERGARA  |  FRIDAY, 4 DEC 2020
An ASIC investigation found group insurance cover is poorly designed and disclosed to members who are being defaulted into occupational categories with limited data. After looking at the practices of super funds, ASIC found a high proportion of members ...

ASIC consults on consumer remediation

ELIZABETH MCARTHUR  |  THURSDAY, 3 DEC 2020
... today released a report called Making it right: How to run a consumer-centred remediation, which seeks to outline best practice for remediation schemes. "Putting money back in Australian consumers' hands has never been more important," ASIC acting chair ...