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Showing 661 - 670 of 1911 results for "disclosure"

ASIC puts trustees on notice

ELIZA BAVIN  |  THURSDAY, 31 OCT 2019
... said. ASIC will consider all its regulatory options, including enforcement action, if it identifies poor conduct and disclosure. The regulator said it has reviewed a sample of disclosures concerning PSYP over both insurance and inactive low balance accounts ...

Extension for super fund portfolio disclosures

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2019
... December 2020. ASIC said: "The first reporting date to identify the holdings of the fund was to be 31 December 2019, with disclosure required on the trustee's website no later than 90 days from this date. However, the regulations which set out the way ...

AMP contests senior lawyer's claims

KANIKA SOOD  |  TUESDAY, 29 OCT 2019
Larissa Baker Cook overplayed her role in fee-for-no-services escalation and could be "verbose and dominant" in conversations, AMP says in its defence to her claim seeking compensation for unfair dismissal. The senior lawyer dragged her former employer ...

Senior lawyer drags AMP to court

KANIKA SOOD  |  THURSDAY, 24 OCT 2019
A former AMP lawyer is claiming over $2 million from the company for unfair dismissal after she raised concerns about fee-for-no-services practices with its former top executives. Larissa Baker Cook was involved in AMP's legal preparation for the ...

No one reads the PDS: ASIC

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
ASIC is calling time on the financial services industry's reliance on disclosure as the default consumer protection, saying it enables poor conduct and poor consumer outcomes. The regulator said disclosures have been assumed to inform consumers to make ...

Culture change must not be a fad: APRA

HARRISON WORLEY  |  FRIDAY, 11 OCT 2019
... is capable of driving genuine improvements across the industry." While the APRA chair said its newfound attitude to disclosure was important, Byres warned the regulator would remain cautious about what information it chose to make public, in keeping ...

ASX updates listing rules

ELIZA BAVIN  |  FRIDAY, 11 OCT 2019
... disclosures. "This package of reforms builds on the major changes the ASX has make in recent years to its continuous disclosure, corporate governance, and admissions rules and guidance," Lewis said. "It reflects ASX's commitment to continuous improvement ...

Milestone ETF Rule passed

JAMIE WILLIAMSON  |  FRIDAY, 27 SEP 2019
... rule's standardised conditions are designed to level the playing field among most ETFs and protect ETF investors, while disclosure amendments adopted by the Commission will provide investors who purchase and sell ETF shares on the secondary market with ...

AMP, HESTA, Hostplus lose out in ratings

STAFF WRITER  |  THURSDAY, 26 SEP 2019
... its website and does not detail on its website the exposure to each investment described in its portfolio holdings disclosure. At the bottom of the investment funds list was the AMP Responsible Investment Leaders Fund. That fund recently rebranded to ...

Licensee faces hefty remediation bill

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 SEP 2019
Australian financial services license holder ClearView Financial Advice has been hit with a remediation bill for $730,000. ClearView's review and remediation program for over 200 clients who received poor life insurance advice resulted in the figure. ...