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Showing 771 - 780 of 1911 results for "disclosure"

MLC, NULIS in court over $100m in illegitimate fees

JAMIE WILLIAMSON  |  THURSDAY, 6 SEP 2018
... disclose that those fees could be turned off by the member. Further, both entities are alleged to have issued defective disclosure documents "within the meaning of s1022A of the Corporations Act and failing to exercise the degree of skill, care and diligence ...

ASIC hires former super executives

KARREN VERGARA  |  MONDAY, 3 SEP 2018
... predominantly in relation to mergers and acquisitions, corporate fundraising, related party transactions and market disclosure. Frydenberg didn't detail exactly what Press and Hughes will be responsible for, other than the appointments aim to strengthen ...

More risk advisers offloading practices

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
... risk and investment revenue streams. "These trail commission registers in 2013-14 were sought after because no Fee Disclosure Statement (FDS) was required and the opt-in requirement for new clients from 1 July 2013, didn't apply. Even some major ...

Finance sector in top three for giving: Report

HARRISON WORLEY  |  MONDAY, 20 AUG 2018
... approach creates a best practice environment that looks to not only increase corporate contributions, but also the public disclosure of those contributions." Philanthropy Australia chief executive Sarah Davies said those named in the report should be ...

APRA banned one person in 10 years: Royal Commission

HARRISON WORLEY  |  FRIDAY, 17 AUG 2018
... unacceptable from a regulator's perspective," Hodge said. Rowell replied it would be preferable if there were complete disclosure to the members.

CFS and a messy MySuper transition

KANIKA SOOD  |  TUESDAY, 14 AUG 2018
... fund did not give them the required 90 day notice prior to transition, nor sufficiently-detail information including disclosure on fees and trailing commissions in the letter, Hodge pointed out. "I agree we did not provide them sufficient information ...

Federal Court rules partly in favour of DomaCom

HARRISON WORLEY  |  TUESDAY, 14 AUG 2018
... of the BFSF. DomaCom said it would review the related trust aspect of the decision; however added the DomaCom fund disclosure documents had been amended significantly since the creation of the Burwood sub-fund in 2015. "We will analyse the effects of ...

NAB initially under-reported remediation bill to ASIC

KANIKA SOOD  |  MONDAY, 13 AUG 2018
... would have asked them about the timing of their report," Hagger said. Hayne pointed out the flaw in Hagger's lack of disclosure to ASIC. "[It's like telling ASIC] ask us what you like but we won't tell you what to ask," Hayne said. Haggar said they were ...

Super fees outpace asset growth: Research

KARREN VERGARA  |  MONDAY, 13 AUG 2018
The rate at which superannuation funds slug members fees is growing faster than the underlying assets being managed, latest research shows. Rainmaker Information's March quarter Benchmarking report shows members paid a total of $32 billion in super ...

Plan service fees did not constitute fee for no service: NAB

HARRISON WORLEY  |  TUESDAY, 7 AUG 2018
... not agree with the characterisation of the plan service fees issue as fees for no service, contesting the original disclosure to customers was inaccurate. According to Carter, the rationale for NAB's distinction is that many of its members charged PSFs ...