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Showing 1 - 10 of 286 results for %22Fee disclosure statement%22

Auditors lambast mandatory climate reporting requirements

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
... Joe Longo said growing interest in environmental, social, and governance issues had driven the need for more thorough disclosure requirements but said the phased rollout should give companies ample time to prepare. "This is a transformational issue for ...

Tranche one of advice reforms hits parliament

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... streamline ongoing fee renewal and consent requirements, including removing the requirement to provide a fee disclosure statement. This was under Recommendation 8 from the QAR. Under Recommendation 10, personal advice providers should have the flexibility ...

Brighter Super signs David Koch as ambassador

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
... marketing expenditure will be released as part of our disclosures at the Annual Members' Meeting. Except through that disclosure, the contract with David Koch is commercial in confidence." The super fund's last members meeting took place in November ...

AFCA secures $40m in refunds

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... impacted consumers who did not receive a twice-yearly statement, as per the terms of their policy Provided revised disclosure to consumers about trading limits on their trading accounts, ensuring they are consistent with the operation of the trading ...

ASIC issues interim stop orders against Keystone

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2024
... defective and not worded and presented in a clear, concise, and effective manner." ASIC said it is concerned the product disclosure statements (PDS) contain misleading statements regarding Keystone's legal role in unregistered schemes the fund invests ...

Gender pay gap reporting to be scrutinised

ROSE MARY PETRASS  |  WEDNESDAY, 31 JAN 2024
... tracking." Belinda White, responsible investment specialist at First Sentier Investors says mandatory gender pay gap disclosure will provide an additional data point beyond simple board composition for women on leadership teams. "Pay gap data can also ...

Fee consent forms, FDS overhaul concerns FAAA

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... Statements (FDS) in its response to the first round of reforms. Currently, advisers must produce an annual Fee Disclosure Statement (FDS), a renewal notice, and a client fee consent form. While the FAAA said it is supportive of reducing these to one ...

Hostplus ups fees on socially responsible option

JAMIE WILLIAMSON  |  WEDNESDAY, 13 DEC 2023
... 0.62%, an increase of 0.13% overall. Rainmaker analysis of 45 SRI products from 15 super funds shows the average investment fee, including performance fee and transaction costs, for SRI options is 0.59%. In explaining the increase, Hostplus said certain ...

OnePath cops $5m fine over fees for no service

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... to invite more than 800 clients to annual review meetings when they were entitled to attend; failed to provide fee disclosure statements to more than 500 clients; issued over 3000 non-compliant fee disclosure statements to more than 2000 clients; and ...

Mercer fined $12m over advice failures

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
... to invite more than 800 clients to annual review meetings when they were entitled to attend; failed to provide fee disclosure statements to more than 500 clients; issued over 3000 non-compliant fee disclosure statements to more than 2000 clients; and ...
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