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Showing 471 - 480 of 1909 results for "Disclosure"

Morningstar launches fee comparison tool

KARREN VERGARA  |  FRIDAY, 9 JUL 2021
Morningstar is launching a new tool that provides increased transparency and disclosure on fees across its investments and superannuation products, well above what RG97 requires. The Morningstar Total Cost Ratio (TCR), which will be rolled out on August ...

ASIC review of ESG products underway

JAMIE WILLIAMSON  |  THURSDAY, 8 JUL 2021
... claimed". This follows on from the regulator's review of climate risk disclosures by large, listed corporates, which found disclosure had improved in recent years but also that some sustainability-related disclosures carried a "marketing" feel, she said. ...

AFA slams new SOA measures

KARREN VERGARA  |  WEDNESDAY, 7 JUL 2021
... interference by the regulators," Anderson said. From July 1, new laws mandated all ongoing fee clients to receive a Fee Disclosure Statement each year, that sets out the services provided, fees paid over the last year, as well as the services to be provided ...

Regulators warn trustees of super advice fee obligations

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
... and qualified people; as well as controls such as annual audit programs. Two other laws came into effect today. The disclosure of lack of independence sees advisers providing a written statement of their lack of independence to a retail client. The ongoing ...

ASIC looks to tighten crypto ETP oversight

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JUN 2021
... are appropriate underlying assets and establishing good practice in respect of pricing, custody, risk management and disclosure. For example, ASIC is proposing the basis of a pricing mechanism should be an index published by a widely regarded provider ...

ASIC takes on NAB for fee-for-no service breaches

KARREN VERGARA  |  FRIDAY, 18 JUN 2021
... recognise that our clients were entitled to expect that they would be given on every occasion timely and accurate fee disclosure statement in accordance with our obligations at law," the bank's lawyers said. "We and the bank deeply regret that the ...

Industry mixed on YFYS

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
... AIST chief executive Eva Scheerlinck said. AIST is also concerned that the reforms are heavily reliant on consumer disclosure to address underperformance and called for underperforming funds to be removed before any stapling began. Industry Super Australia ...

ASIC releases ongoing fee obligations guidance

KARREN VERGARA  |  WEDNESDAY, 16 JUN 2021
... obligations will take effect. These are new obligations that must be carried out on top of providing clients a fee disclosure statement (FDS), which has been in place since 1 July 2012. The information sheet covers three areas: ongoing fee arrangements ...

Advisers win annual renew law relief

KARREN VERGARA  |  FRIDAY, 11 JUN 2021
The federal government will introduce a carve out to help financial advisers to meet their ongoing fee disclosure obligations. Senator Jane Hume announced this evening that advisers will have 60 days to provide clients an estimate of fees they will ...

Super fee squeeze continues

KANIKA SOOD  |  MONDAY, 7 JUN 2021
... superannuation products dropped their fees in the March quarter, according to Rainmaker Information's analysis of 475 product disclosure statements. Overall, 152 superannuation products updated their PDS's between January and March 2021. Of this, about ...