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

Search Results

Showing 361 - 370 of 1920 results for "Disclosure"

Focus on providing 'good advice': QAR draft proposals

JAMIE WILLIAMSON, CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
... removing the best interests duty, saying "evidence suggests the best interests duty has not been more effective than disclosure in protecting consumers from poor advice." Instead, there should be a focus on providing 'good advice'; "A duty to ...

ASIC tells super trustees to improve TMDs

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
... expressed in years. These elements should be consistent with other documents about the product, such as the product disclosure statement." While some trustees were found to have adopted consumer-centric review triggers that were specific and comparable ...

ASIC highlights strategic priorities

CASSANDRA BALDINI  |  TUESDAY, 23 AUG 2022
... industry consolidation," it said. On super, it will review industry practice, communicate expectations regarding trustees' disclosure obligations, and drive changes that improve transparency. It will conduct surveillance of trustees' oversight of advice ...

Convicted former financial adviser banned for life

CHLOE WALKER  |  TUESDAY, 9 AUG 2022
... tangled web; and ultimately entangled himself in his own falsehoods". "Had he admitted non-compliance with the particular disclosure requirements when first contacted, the consequences for him would not have involved a protracted investigation, compulsory ...

Super fund climate risk assessment results released

RACHEL ALEMBAKIS  |  FRIDAY, 5 AUG 2022
... publicly disclosed their approach to measuring and managing climate risks, with 90% of those institutions aligning their disclosure to the Taskforce for Climate-related Financial Disclosures (TCFD) framework. "Climate change and the global response to ...

FSC guidance looks to eliminate greenwashing

ANDREW MCKEAN  |  WEDNESDAY, 3 AUG 2022
The Financial Services Council (FSC) has released guidance setting industry expectations for net zero targets, the labelling of investment products and transparency of climate risk disclosures. On the guidance's creation, FSC chief executive Blake ...

How super should be using technology: KPMG

ANDREW MCKEAN  |  TUESDAY, 2 AUG 2022
... notice to and, where relevant, obtain consent from members noting that the use of a technology solution may require disclosure to third parties, and the creation of new information by a technology solution would amount to collection." More pointedly ...

ASIC continues crack down on deceptive advertising

CHLOE WALKER  |  TUESDAY, 2 AUG 2022
... the 21-day order, Fawkner cannot offer, issue, sell or transfer interests in the fund based on its existing product disclosure statements (PDS). According to ASIC, Fawkner misrepresented the performance risks of the fund in its marketing in several instances ...

FSC analyses super, advice developments

ANDREW MCKEAN  |  MONDAY, 1 AUG 2022
... achieving greater consistency and accuracy in fund labelling. This month, the FSC will release guidance on climate risk disclosure, including direction for funds making net zero commitments, reporting climate risk and applying climate-related sustainability ...

Portfolio holdings disclosure rules "feeblest on the planet": Report

JAMIE WILLIAMSON  |  FRIDAY, 29 JUL 2022
A new report from Morningstar calls out the faults in the Portfolio Holdings Disclosure regulations, particularly as they pertain to unlisted, private equity and bond investments. The report's author, head of manager selection Grant Kennaway, says ...