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Showing 611 - 620 of 1910 results for "Disclosure"

Superannuation fund cuts pay in C-suite

KANIKA SOOD  |  TUESDAY, 14 APR 2020
Executives and directors of a $12 billion Queensland superannuation fund have committed to a 10% decrease in their remuneration until at least June 30 as the COVID-19 pandemic rolls on. LGIAsuper will fund the 10% pay cut through the executives' ...

Will COVID-19 kill the balanced option?

ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
... are trying to fix," Dunnin said. Geffin pointed out the SRMs are often buried deep within lengthy super fund product disclosure statements. He also sees a conflict of interest in the fact that trustees assess their own SRM. Geffin wants to see the SRM ...

Hostplus responds to PDS controversy

ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
... hospitality and tourism industries - who have been thrust into unemployment. On 9 April 2020, Hostplus updated its Product Disclosure Statement including a clause in its terms and conditions stating that it can freeze redemptions and prevent cash switching. ...

Mayfair 101 accused of misleading advertising

ELIZABETH MCARTHUR  |  MONDAY, 6 APR 2020
ASIC is taking Mayfair 101 to court alleging that the investment manager misled consumers in its advertising. At issue is Mayfair's use of Google Ad Words and Bing Ads as well as claims Mayfair made that ASIC says were false, misleading or deceptive. ...

Could relief on advice compliance save consumers?

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... without a printer and with a client who had no email address, the adviser wondered whether he could read financial disclosure statements over the phone. Now that social distancing efforts have ramped up and those over 70 have been advised by the government ...

Stand still, get left behind

ELIZABETH MCARTHUR  |  MONDAY, 16 MAR 2020
... investment belief statements, ESG and related policies, investment strategy, manager selection and monitoring, reporting and disclosure. "All investment managers recommended to JANA clients must integrate ESG considerations into their process to a level ...

Westpac hit with another class action

ELIZA BAVIN  |  FRIDAY, 13 MAR 2020
... acquired interest in Westpac securities or equity swap confirmations between 2013 and 2019. "The claim relates to market disclosure issues connected to Westpac's monitoring of financial crime over the relevant period and matter which are the subject ...

Lack of independence must be made clear: ASIC

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
... said, is to ensure financial advisers' lack of independence is brought to the clients attention through a prominent disclosure. Advisers will also need to seek express written authority and consent forms to deduct fees. The regulator released the draft ...

Major firms criticised for substandard RI approach

HARRISON WORLEY  |  TUESDAY, 10 MAR 2020
... responsible investment governance, climate change, human rights and biodiversity. According to ShareAction's Asset Owners Disclosure Project, more than 60% of the total assets under management - around USD$36 trillion - in its report are managed by firms ...

Advice groups criticise rushed legislation

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 MAR 2020
... unaffordable for everyday Australians. The AFA released its submissions to Treasury on ongoing fee arrangements and disclosure of lack of independence, advice fees in super and strengthening breach reporting. "The AFA is concerned that what has been ...