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Showing 641 - 650 of 1909 results for "Disclosure"

ASIC launches action against AFSL, director

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
... Robert Patrick Marie. "ASIC alleges that Theta and Mr Marie were responsible for authorising the issue of five product disclosure statements for the Sterling Income Trust, failing to ensure that each of them was not defective," the regulator said. ASIC ...

Industry fund cuts fees

HARRISON WORLEY  |  FRIDAY, 6 DEC 2019
... for employer sponsored members, dropping from 0.76% to 0.65% as of December 1. According to First State's product disclosure statement, members in the option - which acts as the default for those over the age of 60 - will see their fees drop by $55 ...

The secret to super outperformance

ELIZABETH MCARTHUR  |  FRIDAY, 6 DEC 2019
... engaged in activities not consistent with their values." The rates of disclosures have been steadily increasing. While disclosure of full holdings is still rare at 12%, 32% of funds now disclose engagement with companies - up from 12% in 2016. Disclosure ...

FASEA under pressure on managed accounts

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 DEC 2019
... Glenfield said. "I think it comes down to, if you look at what's come out of all the enquiries in recent times - has disclosure and conflict management worked?" He also suggested that some have concerns about conflicts that don't actually exist. ...

Former NAB, Infocus advisers banned

ALLY SELBY  |  MONDAY, 2 DEC 2019
ASIC has banned two former financial advisers for five years and one year respectively. Former NAB adviser Wendy Chapman and Brisbane-based former financial adviser Nina Katherina Williams were banned by the regulator last week. Chapman who has been ...

Super fund PDSs to include single cost of product figure

HARRISON WORLEY  |  FRIDAY, 29 NOV 2019
ASIC has updated its guidance to superannuation funds and issuers of managed investment products on fees and cost disclosure, with a suite of new requirements set to apply from late-2020. The corporate regulator released an updated version of Regulatory ...

Don't over-interpret OECD super fee figures

HARRISON WORLEY  |  FRIDAY, 29 NOV 2019
... compared to 0.66% for industry funds. However, some retail funds report total fees of more than 1.5% in their product disclosure statements, while others - such as market leading low-fee products - state their fees are around 0.6%. Dunnin adds that the ...

AFSLs show widespread non-compliance: ASIC

ELIZA BAVIN, JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2019
... charging fees long after ongoing fee arrangements have been terminated, ASIC has found. The report, Compliance with fee disclosure statement and renewal notice obligations, focused on whether the fee disclosure documents, provided by 30 randomly selected ...

Fossil fuel exposures climb at UniSuper

KANIKA SOOD  |  THURSDAY, 21 NOV 2019
The $80 billion superannuation fund is more exposed to companies involved in fossil fuels than it was a year ago, according to its second annual climate risk disclosures released yesterday. At June end, UniSuper had 12% of its exposures in companies ...

NAB accused of greenwashing

ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
National Australia Bank has been accused in no uncertain terms of greenwashing. Activist group Market Forces said NAB's new climate policy, released as part of its latest Sustainability Report, is "little more than greenwash and a recipe for climate ...