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Showing 181 - 190 of 437 results for "Managed investment scheme"

Consumers don't understand fee disclosure: ISA

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
Proposed changes to superannuation fee disclosures are still too confusing for consumers, warns Industry Super Australia. Industry Super Australia (ISA) has provided input on the proposed changes to Regulatory Guide 97, saying the proposals don't go ...

Conflicts of interest recommendation falls short

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... members of the superannuation fund are not the same as the duties it will owe as responsible entity of a managed investment scheme and the duties will be owed to two different classes of members." ISA said the proposed changes overall should in most ...

Managed accounts not immune to Royal Commission

KARREN VERGARA  |  TUESDAY, 22 JAN 2019
A legal expert is warning managed accounts providers of the potential implications the financial services Royal Commission will have on remuneration and product recommendations. The Fold Legal chair Claire Wivell Plater urges financial advisers not ...

CCIV consultation opens

KARREN VERGARA  |  THURSDAY, 17 JAN 2019
... investor protection while being more "internationally recognisable" than the country's existing managed investment scheme (MIS) trust-based structure. The aim is to make Australian investment products more marketable and competitive overseas by making ...

AFSL to begin independent review

DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
ASIC ordered that an Australian Financial Services Licensee appoint an independent expert to review the implementation of its compliance framework. The regulator said it is concerned with the adequacy and effectiveness of Kaz Capital's compliance framework ...

Platform fee disclosures overlooked: ISA

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
Industry Super Australia welcomed ASIC's proposed fee transparency disclosure changes but pointed out that several areas fell short and failed to address ongoing issues. In response to Consultation Paper 308, ISA said one of Darren McShane's ...

Simpler fee disclosure on ASIC agenda

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
Under new proposed changes by the corporate regulator, consumers will be able to compare superannuation funds and investment products more easily. ASIC released its response to Report 581, an independent review conducted by regulatory expert Darren ...

ASIC drags RG97 transition period

KARREN VERGARA  |  WEDNESDAY, 12 DEC 2018
ASIC has again delayed the transition period for certain fee and cost disclosure requirements under RG97. The superannuation industry has another year to comply with disclosing property operating costs in product disclosure statements to 30 September ...

Former adviser jailed, ASIC posts FY18 stats

KARREN VERGARA  |  THURSDAY, 1 NOV 2018
... use of funds withdrawn. He also deceived another client about the unit price of an unlisted registered managed investment scheme; a portion of the proceeds sold benefited Birk's father financially. ASIC said that Gold Coast-based Birk gained about ...

Former Australian cricket captain in crypto fail

JAMIE WILLIAMSON  |  TUESDAY, 23 OCT 2018
... several proposed ICOs and has also stopped the issue of a Product Disclosure Statement for a crypto-asset managed investment scheme. Since April, ASIC has successfully stopped five separate ICOs and issued a final stop order on a PDS issued by Investors ...