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Showing 1351 - 1360 of 1911 results for "Disclosure"

Confusion over APRA risk disclosure guidance

MELANIE TIMBRELL  |  WEDNESDAY, 22 FEB 2012
The regulator-preferred expression of risk in product disclosure statements seems to elicit more consumer mistakes than other presentation methods, according to research from the University of Technology Sydney. Speaking at an Investment Management ...

Disclosure regulations unnecessary: FIRSTSUPER

ELISE BURGESS  |  WEDNESDAY, 15 FEB 2012
The superannuation disclosure debate and industry transparency was raised again yesterday after ASIC promised future guidance for super funds, meanwhile one super fund that already uses disclosure practices has called the actions "unnecessary". Peter ...

Annual fee collation too complex: FPA to PJC

MELANIE TIMBRELL  |  TUESDAY, 24 JAN 2012
... Financial Services Bernie Ripoll has grilled the Financial Planning Association over claims the proposed annual Fee Disclosure Statement (FDS) as part of FOFA is unnecessary. Speaking at NSW Parliament House yesterday, FPA chief executive officer Mark ...

FOFA moderate and reasonable: ISN

CLAIRE MCGREAL  |  TUESDAY, 24 JAN 2012
... (ISN) representatives on whether they were "surprised" by the government's inclusion of a retrospective annual fee disclosure in the proposed legislation. Last year, various industry bodies claimed they had been blind-sided by this measure in the reforms. ...

ASIC clears up infrastructure rules

ELISE BURGESS  |  TUESDAY, 24 JAN 2012
... investors now have a clearer understanding of the risks associated with investing in infrastructure after ASIC released new disclosure benchmarks and principles for infrastructure entities today. The Australian Securities and Investments Commission (ASIC) ...

ASFA warns on unseen MySuper outcomes

ELISE BURGESS  |  THURSDAY, 19 JAN 2012
... same submission, ASFA highlighted the potential for overlap between regulators APRA and ASIC on topics of consumer disclosure, which may result in inconsistent and even conflicting regulation. "As such, it is critical that APRA co-ordinates and agrees ...

MLC cuts PDS down on flagship products

ELISE BURGESS  |  WEDNESDAY, 18 JAN 2012
... short-form after already releasing a short-form PDS for its MLC MasterKey Business Super in November last year. The Product Disclosure Statements (PDSs) for the MLC MasterKey Super & Pension Fundamentals and MLC MasterKey Super & Pension products will ...

UniSuper responds to criticism

ALEX DUNNIN  |  WEDNESDAY, 14 DEC 2011
... UniSuper's chief executive told 7.30 that members were notified of the trust deed change in full accordance with the fund's disclosure requirements. McCredden said the trust deed was changed at the time because under the previous arrangement, for the ...

AMP enhances super products

CLAIRE MCGREAL  |  THURSDAY, 8 DEC 2011
AMP has changed its contemporary super products to the new short form Product Disclosure Statement (PDS) regime ahead of the government's deadline next year. It follows Financial Services Minister Bill Shorten's announcement earlier this year that PDS ...

Ripoll defends FOFA integrity

ELISE BURGESS  |  MONDAY, 21 NOV 2011
... say that opt-in was never included in the original brief. It confuses the issue." When the topic of continuing to use disclosure instead of opt-in, Ripoll said relying on disclosure is not relevant in the modern advice industry. "Opt-out sounds great ...