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Showing 131 - 140 of 340 results for %22Regulatory Guide 97%22

Super fees outpace asset growth: Research

KARREN VERGARA  |  MONDAY, 13 AUG 2018
... report said the annual increase in headline fees is largely attributable to the change in fee disclosures under Regulatory Guide 97. An estimated $2.2 billion in fee increase is a result of such changes, of which $2 billion or 90% affected not-for-profit ...

AFSL launches new IFA dealer service

JAMIE WILLIAMSON  |  THURSDAY, 2 AUG 2018
... For this reason it is important for AFSLs to partner with dealer-to-dealer services to assist them in navigating the regulatory environment," head of Affinia Marcus O'Sullivan said. O'Sullivan said the licensee is passionate about supporting a well-informed ...

ASIC provides guidance on Asia Funds Passport

KARREN VERGARA  |  WEDNESDAY, 1 AUG 2018
ASIC has updated its regulatory guides to reflect changes from the Asia Region Funds Passport bill that was recently passed. On June 28, the Federal Government passed the Corporations Amendment (Asia Region Funds Passport) Bill 2018 in an effort to ...

Industry bodies respond to RG97 review

KARREN VERGARA  |  THURSDAY, 26 JUL 2018
... recommendations aiming to overhaul fee and cost disclosure practices of superannuation funds and managed investments under Regulatory Guide 97. Darren McShane, appointed by ASIC to spearhead the independent review, urged the industry to consider the ...

ASIC unveils RG97 review

KARREN VERGARA  |  TUESDAY, 24 JUL 2018
... independent report proposing 34 changes to fee transparency for superannuation funds and managed investments under Regulatory Guide 97. The report, prepared by managed investments and super regulation veteran Darren McShane, engaged more than 120 stakeholders ...

Advice and stock broking firm fined $35k

HARRISON WORLEY  |  WEDNESDAY, 13 JUN 2018
... to conceal information from the regulator about the origin of orders. However the regulator added that while Regulatory Guide 223 acknowledges there may be situations where a unique notation may not be available to provide, it is responsibility of the ...

Productivity Commission addresses superannuation lottery

DARREN SNYDER  |  TUESDAY, 29 MAY 2018
... of retaining current insurance arrangements on an opt-out (as opposed to an opt-in) basis, and consider if further regulatory intervention or policy change is required. The review should be initiated within four years from the completion of this inquiry ...

ASIC consults on advice code monitoring bodies

JAMIE WILLIAMSON  |  TUESDAY, 15 MAY 2018
... minimise costs and the duplication of work. The consultation period will run until 28 June 2018 with a final regulatory guide to be released in September. Consultation on the draft code of ethics remains open until 1 June.

Royal Commission to take "labyrinthine" advice legislation to task

ALEX BURKE  |  MONDAY, 9 APR 2018
... paper leading up to the financial advice inquiry on April 16, the Royal Commission has called out the "labyrinthine" regulatory regime in which the industry operates. The paper notes the current legislative framework for financial advice was designed ...

Crunch time for limited MDA advisers

KARREN VERGARA  |  WEDNESDAY, 14 MAR 2018
... transitioning clients to alternative options," he said. ASIC announced in 2016 it would terminate limited MDAs under Regulatory Guide 179. It now requires MDA providers to obtain a specific licence by 1 October 2018. Advisers should be careful not to ...