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Showing 711 - 720 of 1911 results for "disclosure"

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. ...

Kelaher to leave IOOF

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
... argues that IOOF was aware its conduct would have significant legal and regulatory risks and so breached its continuous disclosure obligations and engaged in misleading conduct.

Coalition to boost retail access to corporate bonds

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 APR 2019
... consultation paper this year with the aim of informing a new legislative package. Robert says the legislation will simplify disclosure requirements for large, listed corporates issuing bonds directly to retail investors and will enable parallel trading ...

New wellbeing venture for BT

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 APR 2019
... and Portal resonate with clients and help them maintain a healthy lifestyle." BT also announced updates to product disclosure statements for Protection Plans. The Child Support Benefit expiry age date has been extended from 16 to 18. Meanwhile, the cancer ...

IOOF faces class action

KANIKA SOOD  |  MONDAY, 18 MAR 2019
... regulatory risks. During the period 27 May 2015 to 6 December 2018, IOOF is alleged to have breached its continuous disclosure obligations and engaged in misleading or deceptive conduct," Quinn Emanuel said in a statement. "It will be tens of thousands ...

Advisers to return US$125m in fees

KANIKA SOOD  |  TUESDAY, 12 MAR 2019
... reimbursed. "This initiative will have immediate and lasting benefits for Main Street investors, including through improved disclosure. Also, I am once again proud of our Division of Enforcement for their vigorous and effective pursuit of matters that ...

Clayton Utz finally hands AMP notes to ASIC

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... notices issued by ASIC, including producing documents in accordance with the specified timeframe and not preventing the disclosure of documents to ASIC by making inappropriate LPP claims," Crennan said. "These interruptions delay and frustrate ASIC's ...

New ASX governance principles target culture

KARREN VERGARA  |  THURSDAY, 28 FEB 2019
... the principles are not mandatory, the ASX Corporate Governance Council said they take a "if not, why not" approach to disclosure. The principles take effect from 1 January 2020. Lustig foresees some companies taking the lead and putting policies and ...

Royal Commission to disrupt product distribution: Roy Morgan

JAMIE WILLIAMSON  |  WEDNESDAY, 13 FEB 2019
... financial advisers to access products. "Financial planners are also likely to be impacted by the need for greater fee disclosure, clarification of independence, improved focus on the best interests of the customer and the need to provide service for ...