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Showing 321 - 330 of 1907 results for "Disclosure"

Crescent Wealth misreports indirect costs, breaches regulatory standards

ANDREW MCKEAN  |  MONDAY, 28 NOV 2022
... correctly, breaching regulatory standards. The finding follows a review by Equity Trustees, of the fund's product disclosure statement provided to members since July 2017. Equity Trustees said the indirect cost ratio disclosed were incorrect and ...

Advising through disability implications

CASSANDRA BALDINI  |  THURSDAY, 24 NOV 2022
... explained the process would only exceed that timeframe because of a complexity in the TPD claim or if there's been non-disclosure on the client's part. "We tell clients that if you do your job well, we do our job well and it will be a smooth ...

No big surprises, Levy promises

CASSANDRA BALDINI  |  WEDNESDAY, 23 NOV 2022
... commission, the receipt of the commission, that is a change in the law at the moment. The law at the moment requires disclosure, not the consent." Levy also addressed concerns around "irrelevant providers." "Not all advice can be or should be, in my ...

Property trusts hit with stop orders

CHLOE WALKER  |  TUESDAY, 22 NOV 2022
... determinations (TMDs). The interim stop orders, implemented by ASIC, prohibit MPG from issuing interests in, giving a product disclosure statement for, or providing general advice to retail clients recommending investments in two of its trusts. The MPG ...

Hopes for action at "implementation" COP27

RACHEL ALEMBAKIS  |  MONDAY, 14 NOV 2022
... said. She said that between the findings of the Expert Group report and developments like the forthcoming ISSB climate disclosure accounting standards, it is time for organisations to position themselves ahead of when mandatory action is brought in. ...

ASIC issues more stop orders

CHLOE WALKER  |  THURSDAY, 10 NOV 2022
... retail clients under the existing TMDs. It previously placed a separate interim stop order on the same prospectus due to disclosure concerns, and said it expects Finnia to consider the concerns raised and take steps to ensure TMD compliance. "Finnia ...

Rest revamps equities team

ELIZABETH FRY  |  FRIDAY, 4 NOV 2022
... investment officer role was created. Separately, Rest has promoted Cassandra Flint to head of product delivery and disclosure. Up until this month, she was a senior manager of product development. Before her two years with the super fund, she worked ...

ASIC probes super fund, investment manager greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 4 NOV 2022
... sustainability-related statements made to the ASX in October 2021. Longo noted that there is strong investor demand for climate-related disclosure to help investors make capital allocation decisions, and ASIC's task is to "ensure that there is integrity ...

QAR leaves insurance commissions alone

JAMIE WILLIAMSON  |  THURSDAY, 3 NOV 2022
A new paper from the Quality of Advice Review recommends life insurance commissions be retained, but additional disclosure rules be introduced to ensure clients consent to the payments. In August, the first proposals paper from the Quality of Advice ...

ASIC takes first action over greenwashing

ANDREW MCKEAN  |  THURSDAY, 27 OCT 2022
ASIC has taken its first action for greenwashing against ASX-listed energy company Tlou Energy. Tlou has paid a total of $53,280 to comply with four infringement notices issued by ASIC over concerns about alleged false or misleading sustainability-related ...