Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 71 - 80 of 184 results for "Disclosing"

IFM Investors reports $114m in FY19 profits

KANIKA SOOD  |  MONDAY, 29 JUL 2019
... months, he said. IFM Investors does not disclose the remuneration for its key executives. "The board is considering it [disclosing executive pay] when the audited results come out in September or October. It is very conscious of the increased demands ...

Fund managers lag on ESG

KANIKA SOOD  |  FRIDAY, 5 JUL 2019
... of Australia's best-known and listed fund management companies are falling behind their ASX 200 counterparts in disclosing ESG factors about their companies, according to a new report. Magellan Financial, Pendal Group and Platinum Asset Management ...

State Street cops $125m penalty

JAMIE WILLIAMSON  |  WEDNESDAY, 3 JUL 2019
... the SEC throughout the investigation. "For years, State Street sent clients a bill for expense reimbursement, without disclosing that State Street had added extra compensation for itself - compensation that clients had not agreed to pay," SEC Boston ...

Genetic tests no barrier to life insurance

ELIZABETH MCARTHUR  |  THURSDAY, 27 JUN 2019
... testing in the life insurance industry means that Australians can get up to half a million dollars of life cover without disclosing genetic tests. The Financial Services Council approved a moratorium on genetic tests in life insurance following consultation ...

PDS should reflect PYSP changes: ASIC

KARREN VERGARA  |  MONDAY, 24 JUN 2019
... its broader review of the fees and costs disclosure regime for superannuation and managed investment schemes (RG97 Disclosing fees and costs in PDSs and periodic statements) is continuing and will not affect the PYSP requirements and amendments to Class ...

Platform fee disclosures overlooked: ISA

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
... recommendations to force banks and wealth managers to disclose costs relating to underlying investment products was overlooked. Disclosing a clear and effective measure of net returns is something ISA has consistently called for but came to no avail ...

ASIC drags RG97 transition period

KARREN VERGARA  |  WEDNESDAY, 12 DEC 2018
... certain fee and cost disclosure requirements under RG97. The superannuation industry has another year to comply with disclosing property operating costs in product disclosure statements to 30 September 2020. For periodic statements, the deadline has ...

NAB still unclear on true impact of misconduct

KANIKA SOOD  |  FRIDAY, 19 OCT 2018
... terms of plan service fees, he believed most customers knew they were mischarged, but would have "to confirm". For disclosing mischarged plan service fees to clients, the duo had lower conviction. "I would say there would be a number of adviser service ...

Super funds excel in reporting obligation

KARREN VERGARA  |  TUESDAY, 16 OCT 2018
... and individual client experience, Graham Whyte, said funds have been actively identifying member reporting errors and disclosing them voluntarily to the extent that the ATO has moved from "detection" to a "self-correction" model of compliance. He went ...

New accounting standards put pressure on life insurers

KARREN VERGARA  |  THURSDAY, 13 SEP 2018
... commencing and implementing their transition to the requirements of IFRS 17. IFRS 17 sets our principles for measuring and disclosing insurance contracts. It leads to different ways of valuing insurance contracts and assets, therefore making profit and ...