Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 221 - 230 of 1947 results for "Disclosure"

ASIC calls out licensees: 'We will take action'

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
... situations where choice products had persistently underperformed against the benchmarks disclosed in their product disclosure statements (PDS)," he said. "I just want to emphasise that point - this was about the benchmarks set in the product's product ...

ASX advances CHESS replacement project

ANDREW MCKEAN  |  THURSDAY, 13 JUN 2024
The ASX announced today that the CHESS replacement project has entered the delivery phase. This follows a decision to proceed with a product-based solution developed by global technology firm Tata Consultancy Services. ASX chief information officer ...

Advice reforms draft laws consultation opens

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
... have until July 8 to have their say. The draft bill proposes to remove the requirements for advisers to provide Fee Disclosure Statements as part of an ongoing fee arrangement, update record keeping obligations for new consent requirements, and remove ...

GST rebate changes worsens cost of advice: SMSFA

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
... long-term retirement savings, Scotchbrook added. The SMSFA warns of other costs associated with changing systems and fee disclosure documentations. "To preserve the status quo and to support the advice industry, which in recent times has been crippled ...

Active Super found guilty of greenwashing

ANDREW MCKEAN  |  THURSDAY, 6 JUN 2024
... Super spokesperson said the fund has co-operated with ASIC's investigation and supports increased scrutiny on ESG disclosure standards as being good for members, the super industry and the community. "While a judgement has been made, the court proceeding ...

Australian Unity lashed by ASIC over TMD questionnaire

JAMIE WILLIAMSON  |  THURSDAY, 6 JUN 2024
... into the target market. Under the orders, Australian Unity and other distributors of the fund cannot provide product disclosure statements for or provide general advice to retail clients about the fund for 21 days, unless the orders are revoked prior ...

ASIC tells super funds to 'step it up'

ELIZA BAVIN  |  FRIDAY, 31 MAY 2024
... regulator is determined to crack down. "Now, misconduct damaging market integrity, including insider trading and continuous disclosure breaches, for this reason, is an enduring enforcement priority for ASIC," she said. "Australia has one of the most ...

Former Life Plan FP adviser cops ban

KARREN VERGARA  |  FRIDAY, 24 MAY 2024
... clients, did not prioritise the interest of clients above his own or that of his AFS Licensee. Nabi also gave clients a disclosure statement that contained misleading or deceptive statements. ASIC ultimately found that Nabi could not be relied upon to ...

Federal Court rejects two CBA class actions

KARREN VERGARA  |  MONDAY, 13 MAY 2024
... establish the bank contravened s 674(2) of the Corporations Act, which forces listed entities to commit to continuous disclosure requirements, with respect to knowing about the AML/CTF contraventions and sharing this with the market. The applicants argued ...

Stockspot plots entry into superannuation space

JAMIE WILLIAMSON  |  TUESDAY, 7 MAY 2024
... tailored to their life stage, which will adjust automatically as they approach retirement. While there is no product disclosure statement available as yet, Stockspot did provide some detail as to features of the offering. Listing drawcards, the company ...