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Showing 721 - 730 of 1912 results for "disclosure"

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 ...

Harder for insurers to dodge claims

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... Contracts Act should be amended so that an insurer may only avoid a contract of life insurance on the basis of non-disclosure or misrepresentation if it can show that it would not have entered into a contract on any terms," Hayne said in the report. ...

OPINION: Post RC, where to now for retail super?

ALEX DUNNIN  |  MONDAY, 4 FEB 2019
... commissions by another name. AFSLs will meanwhile be unable to shuffle dodgy financial advisers between each other and their disclosure will be stiffened through improved conflicts of interest declarations and enhanced disclosures to regulators. The ...

New rules for UK retirement income products

JAMIE WILLIAMSON  |  TUESDAY, 29 JAN 2019
... retirement." Funds will also have to provide consumer warnings about holding investments solely in cash and improve the disclosure of fees. The FCA said it also expects funds to "challenge themselves" on the fee structures they attach to the new investment ...

FSC extends life code consultation deadline

KARREN VERGARA  |  THURSDAY, 24 JAN 2019
... separating consumer credit Insurance from credit product sales; improving the sale of funeral insurance and banning medical disclosure checking without reasonable grounds. The sixth round of the Royal Commission in September 2018 exposed significant ...

MLC Life welcomes board member

DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
... manage their cover online. Korhonen joined the board on 7 December 2018 and will also serve as a member of the audit, disclosure, and risk committees. She is also a non-executive director of NetComm, a committee member of Chief Executive Women, a council ...

The problem the Productivity Commission is trying to fix

ALEX DUNNIN  |  THURSDAY, 10 JAN 2019
... products. While the PC acknowledges previous governments have intervened in the market addressing areas such as fee disclosure and transparency requirements, and by lifting governance standards, the PC argues that millions of Australians have been poorly ...

Platform fee disclosures overlooked: ISA

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
Industry Super Australia welcomed ASIC's proposed fee transparency disclosure changes but pointed out that several areas fell short and failed to address ongoing issues. In response to Consultation Paper 308, ISA said one of Darren McShane's ...

Regulators in Productivity Commission firing line

HARRISON WORLEY  |  THURSDAY, 10 JAN 2019
... the system's players, namely trustees and financial advisers, in addition to the appropriateness of products and disclosure. The Commission also called on the regulators to become "member champions" by increasing their confidence and focus on members. ...

Simpler fee disclosure on ASIC agenda

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
Under new proposed changes by the corporate regulator, consumers will be able to compare superannuation funds and investment products more easily. ASIC released its response to Report 581, an independent review conducted by regulatory expert Darren ...