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Showing 701 - 710 of 1909 results for "Disclosure"

US relaxes active ETF disclosures

KANIKA SOOD  |  TUESDAY, 16 APR 2019
Australia's active ETF industry could benefit as the US securities regulator softens its stance on daily disclosures for the segment. The U.S. Securities and Exchange Commission last week allowed an ETF provider to trade active ETFs without making daily ...

Citi to pay $3m in advice remediation

HARRISON WORLEY  |  TUESDAY, 16 APR 2019
... circumstances, such as their tolerance for risk. However the regulator pointed out that advisers have "higher obligations" and disclosure requirements when providing personal advice. Citi's remediation issue comes just weeks after ASIC released a report ...

IOOF responds to class action

ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
... executives. Responding, IOOF claimed the class action "is speculative and without foundation". "IOOF takes its continuous disclosure obligations seriously. It does not engage in misleading or deceptive conduct," the group said. "IOOF intends to defend ...

ASIC delays choice product dashboards

KARREN VERGARA  |  THURSDAY, 11 APR 2019
The Australian Institute of Superannuation Trustees has slammed ASIC's move to defer consumer disclosure requirements for choice superannuation products for up to four years. Currently, superannuation funds with more than five members must disclose ...

Transparency key to ESG advice success

ELIZABETH MCARTHUR  |  THURSDAY, 11 APR 2019
... transparency makes it difficult for advisers to point them in the right direction," she said. "The current lack of disclosure by super funds is preventing Australians from knowing exactly where they are invested and what activities they are funding through ...

Fee for no service on APRA and ASIC radar

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
... read. They want trustees to obtain consumer authorisation to charge the fees on a regular basis and provide ongoing disclosure about what is charged, such as specifics of the adviser's fee. "Making members clearly aware of the deductions is a step ...

Colonial acquisition cost CBA shareholders $53bn: Merlon

KANIKA SOOD  |  TUESDAY, 9 APR 2019
CBA's decision to purchase Colonial under then chief executive David Murray destroyed $53 billion of value to shareholders in today's dollars, says Merlon Capital Partners. Analyst Hamish Carlisle says CBA overpaid for Colonial in 2000, and ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
... focus on the outcomes trustees across all superannuation sectors were delivering for their members. Portfolio holdings disclosure On a semi-annual basis, super funds will be required to disclose investments and drill down to the underlying asset and ...

Financial product design and distribution law passes

KARREN VERGARA  |  THURSDAY, 4 APR 2019
Financial product providers must comply with new laws to improve design and distribution obligations or else face civil or criminal penalties. The Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2019 ...

Consumers don't understand fee disclosure: ISA

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
... proposed changes to Regulatory Guide 97, saying the proposals don't go far enough to address the complexity of fee disclosure. The group is worried consumers still won't get the clarity they need to make informed decisions on fees and cost comparisons. ...