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Showing 781 - 790 of 1912 results for "disclosure"

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 ...

NULIS names new chair

KARREN VERGARA  |  TUESDAY, 7 AUG 2018
... before the financial services Royal Commission this week. According to the latest NULIS Nominees Executive Officer Disclosure, Peter Promnitz was appointed as chair in July 2018. Smith resigned in June, together with independent non-executive director ...

Aurora takes acquisition bid to Federal Court

KARREN VERGARA  |  FRIDAY, 3 AUG 2018
... Takeovers Panel handed down its final decision on June 28, stating it was "very troubled" Molopo failed to meet "serious disclosure" obligations by not taking greater care in communicating to shareholders it was the subject of a potential takeover. It ...

Group insurers pressed for resources

KANIKA SOOD  |  MONDAY, 30 JUL 2018
... funds then communicated very carefully and thoughtfully to the members, again and again and again," Clark said. "All disclosure documents need to change, this is for every insurance contract for every fund in Australia and then it has to be coded on ...

Industry bodies respond to RG97 review

KARREN VERGARA  |  THURSDAY, 26 JUL 2018
Several industry bodies have welcomed the recommendations aiming to overhaul fee and cost disclosure practices of superannuation funds and managed investments under Regulatory Guide 97. Darren McShane, appointed by ASIC to spearhead the independent ...

Future of superannuation leads FSC Summit

KANIKA SOOD  |  WEDNESDAY, 25 JUL 2018
The superannuation industry should brace itself for fewer legacy arrangements, fewer accounts, and greater demand for needs-based insurance. This was a key message from PwC asset and wealth management leader Craig Cummins as he opened the Financial ...

ASIC unveils RG97 review

KARREN VERGARA  |  TUESDAY, 24 JUL 2018
... more than 120 stakeholders in the process. Chief among the concerns raised was the complex structure of platforms. Disclosure roadblocks arose due to the multiple layers of products on platforms - fee and cost impacts occur at both the level of the platform ...

Industry fund signs stewardship code

HARRISON WORLEY  |  TUESDAY, 24 JUL 2018
... the Australian superannuation system at large. "The code's six clear principles should form the cornerstone of disclosure when it comes to stewardship activities," Silk said. "It is vital that the fund [AustralianSuper] maintains a high level of ...

EM bonds attractive despite pullback: Eaton Vance

KANIKA SOOD  |  WEDNESDAY, 11 JUL 2018
... access to capital. And as EM companies tap the markets for financing, they have made improvements in transparency and disclosure. These are all signs of economies and markets maturing," Gaffney added. She said it is important to take a long-term view ...

Super funds countdown to Royal Commission

KARREN VERGARA  |  MONDAY, 9 JUL 2018
... and promote St Andrews funeral insurance products on 19 March 2018. During that period, St Andrews made a voluntary disclosure to ASIC about Select potentially mis-selling funeral insurance. While Select maintains it did not engage in significant breaches ...