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Showing 121 - 130 of 282 results for "Managed Investment Schemes"

Consumers don't understand fee disclosure: ISA

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
... proposed changes to Regulatory Guide 97 (RG97) aims to improve the transparency around how super funds and managed investment schemes reveal fees and costs to consumers. Included in the submission is what Industry Super Australia says is its key proposal ...

Managed accounts not immune to Royal Commission

KARREN VERGARA  |  TUESDAY, 22 JAN 2019
... for-profit sector it would mean offering limited personal advice, so that public offer superannuation funds, managed investment schemes and advisers associated with them would be able to provide general advice on their own products, she said. Furthermore ...

AFSL to begin independent review

DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
... general financial product advice on certain deposit and payment products, derivatives, securities and managed investment schemes. "As a result of ASIC's enquiries, Kaz engaged an external consultant to review its compliance framework and provide ...

Platform fee disclosures overlooked: ISA

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
... compare the appropriateness of different products, such as superannuation funds, platforms, and other managed investment schemes." It was a glaring omission that the Australian Institute of Superannuation Trustees also called out. AIST chief executive ...

Simpler fee disclosure on ASIC agenda

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
... summary.' ASIC is targeting stronger transparency around performance fees in which super funds and managed investment schemes should provide how it is calculated. As for periodic statements issued, these must contain three aspects: fees deducted ...

ASIC drags RG97 transition period

KARREN VERGARA  |  WEDNESDAY, 12 DEC 2018
... for buy-sell spread, tax deductions and borrowing costs are still effective. Periodic statements for managed investment schemes have the same deadline. The delays come ahead of ASIC announcing it has pushed back its formal response to Darren McShane's ...

Blue Sky refunds $4.1m overcharge

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... arose from the time Australian Executor Trustee was the custodian of Blue Sky Private Equity for seven managed investment schemes. Australian Executor Trustee has since rectified its NTA breach of its AFSL, Blue Sky said. Furthermore, Blue Sky said it ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... funds, including The Portfolio Service Retirement Fund (TPS), and responsible entity for a number of managed investment schemes, fell below community standards and may have breached the SIS Act with respect to: Reducing distributions to unaffected members ...

IOOF executives dismiss conflicts of interest

KARREN VERGARA  |  FRIDAY, 10 AUG 2018
... Management Limited (IIML) is the trustee of IOOF's super fund, the responsible entity for several managed investment schemes; and invests in other external managed investment schemes. IOOF (IFH) is the holding company for the group and a publicly ...

ASIC provides guidance on Asia Funds Passport

KARREN VERGARA  |  WEDNESDAY, 1 AUG 2018
... updated Regulatory Guides 131 to 138 to cover administrative issues, such as establishing and registering managed investment schemes to be part of the initiative. It also provided best practice examples and case studies on a range of compliance issues. ...