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Showing 811 - 820 of 1909 results for "Disclosure"

MGP responds to Henderson's RC hearing

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... information was available in the Maxwell Henderson financial services guide, however when Orr asked him to locate the disclosure in the document, he could not. "You'll have to excuse me. It has been a long time since I've looked at this document, but ...

Fidelity to launch active ETFs

ALEX BURKE  |  THURSDAY, 26 APR 2018
... can bring an "Amazon-esque" experience to financial services. Instead of having wet signatures and 200-page product disclosure statements, "You can just buy our funds on the exchange through a broker account." "Magellan did this country an enormous favour ...

Unions lobby super sector to cut big bank, AMP ties

JAMIE WILLIAMSON  |  TUESDAY, 24 APR 2018
... invested in bank stocks comes from these super funds. Supporting this, a 2017 Rainmaker pilot study of portfolio holdings disclosure by super funds found the big four banks were among the top 10 holdings of all participating super funds. "Where it gets ...

XTB launches ESG fixed income portfolio

KANIKA SOOD  |  MONDAY, 23 APR 2018
The $265 million fixed income securities manager has launched a fixed income portfolio of ESG securities, with an absolute return objective of 1% above the cash rate. The XTB emerald fixed income portfolio is a managed portfolio of individual bond units ...

Westpac obscured bad adviser reference check

KARREN VERGARA  |  FRIDAY, 20 APR 2018
... for updates in the weeks following - but Westpac obfuscated any of its findings. By today's standards, the lack of disclosure and transparency shared with Dover was not adequate, Wright said. He added based on legal advice at the time, it would have ...

US regulator to extend fiduciary rule

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
... securities. The SEC is also proposing that brokers and advisers be required to provide all clients with a standardised disclosure statement known as Form CRS outlining services, fees and any conflicts of interest. It would also limit the ability of certain ...

RC questions adviser sales tactics

KARREN VERGARA  |  FRIDAY, 20 APR 2018
... to FoFA, he said. Banning conflicted remuneration as of July 2013 was the start of it, together with increased fee disclosure transparency and the ability to opt-in regularly, Wright added. She then asked if financial advisers can be trusted advisers ...

Blue Sky funds downgraded after profit revisions

ALEX BURKE  |  FRIDAY, 20 APR 2018
Two Blue Sky funds have been rated "unapproved" and "low investment grade" by SQM Research after the manager conceded it had fallen short of shareholder expectations. Blue Sky's Alternatives Access Fund was downgraded to 3.25 stars and recommended as ...

Meller to leave AMP immediately

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
Craig Meller has stepped down as chief executive of AMP effective immediately. AMP has announced Meller will leave the role in the wake of financial advice failings and misconduct brought to light by the Royal Commission. AMP non-executive director ...

AMP deliberately misled ASIC over ongoing fees

ALEX BURKE  |  TUESDAY, 17 APR 2018
... business process," Regan said. Hodge also noted that AMP would dial down fees for orphaned clients rather than issue a disclosure statement not because said clients were being charged fees for no service, but that a disclosure statement might prompt ...