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Showing 521 - 530 of 1908 results for "Disclosure"

Link takeover heats up

KARREN VERGARA  |  TUESDAY, 8 DEC 2020
... there are material developments in the future, Link Group will inform shareholders as required under its continuous disclosure obligations," Link said in a statement. Separately, Fortlake Asset Management has appointed SS&C to provide back-office services. ...

ASIC to improve default insurance

KARREN VERGARA  |  FRIDAY, 4 DEC 2020
... the lowest-risk category. In five out of 20 cases, the price difference was between three and four times. In terms of disclosure practices, many used opaque labels like 'standard' or 'general' and failed to include the relative cost of premiums in different ...

Pension funds unite for ESG

JAMIE WILLIAMSON  |  FRIDAY, 27 NOV 2020
... many this will require greater ambition than in the past, we believe companies demonstrating ESG-astute practices and disclosure will outperform over the long-term," the chief executives said. "We are inspired by this opportunity to help confront the ...

AIA under fire for coal holdings

ELIZA BAVIN  |  WEDNESDAY, 25 NOV 2020
... portfolio is invested in coal, it claims the figure is likely between $3 billion and $6 billion. "Due to a lack of disclosure requirements, it is impossible to identify exactly how much AIA has invested in the coal industry," it said. "Using a variety ...

Australian Sustainable Finance Initiative launches

RACHEL ALEMBAKIS  |  TUESDAY, 24 NOV 2020
... exists," O'Connor said. Several recommendations engage directly with integrating sustainability practice through enhanced disclosure and reporting. They set the target of financial institutions with annual revenue of more than $100 million to report ...

Give the people advisers: Retirement Income Review

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... interests duty, with the member at risk of suffering detriment in 15% of cases, and the other failures mostly due to disclosure and record-keeping failures." However, it did go on to acknowledge the changes following the Royal Commission have made advice ...

Responsible entity fined $2m

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... director contravened the Corporations Act on multiple occasions in authorising the issues of five defective Product Disclosure Statements (PDSs). The court has ordered Theta to pay a penalty of $2 million with respect to authorising the issue of five ...

Funds management in ASIC spotlight

ELIZA BAVIN  |  THURSDAY, 19 NOV 2020
... private debt." Chester said investment funds have become overly complex, and that, combined with old fashioned product disclosure, has made comparing funds "difficult at best". "ASIC is responding by requiring responsible entities to have 'true to ...

Hume scrutinises super fund spend

KARREN VERGARA  |  MONDAY, 16 NOV 2020
... cracking down on how superannuation funds spend members' money and subjecting them to the same stringent reporting and disclosure requirements as publicly-listed companies. The Minister for Superannuation, Financials Services and Financial Technology ...

Advice firms need technology to survive: FPA

ANNABELLE DICKSON  |  MONDAY, 16 NOV 2020
... executive Dante De Gori said the FPA is encouraging the government to work with the industry to use digital options for disclosure, consent and transactions through standardised processes and forms. "The volume of regulatory change that is coming through ...