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Showing 901 - 910 of 1909 results for "Disclosure"

ASIC clarifies IFA definitions, extends SoA deadline

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2017
... advice to a retail client. Advisers must still meet all other obligations under the Act, including the conduct and disclosure obligations. ASIC said the relief is intended to assist consumers in accessing advice about the reforms amid the increased demand ...

Funds management not up to scratch: ASIC

EMMA RAPAPORT  |  WEDNESDAY, 14 JUN 2017
The funds management industry has demonstrated broad commitment to its legal obligations but is still falling short in a number of areas. In a report issued yesterday, ASIC found that responsible entities operating managed funds on behalf of retail ...

EQT appointed RE for $5.9bn manager

ALEX BURKE  |  FRIDAY, 9 JUN 2017
Equity Trustees was selected as the responsible entity for a boutique global and emerging market equities manager. GQG Partners, launched in June 2016 and backed by Pacific Current Group, has already attracted more than $1 billion - out of a total of ...

Life consumers influenced by premium pricing

KARREN VERGARA  |  FRIDAY, 9 JUN 2017
... financial adviser on the other hand is fully underwritten, but requires a multi-page statement of advice and product disclosure statements consumers often don't read or understand. A policy that has limited underwriting at the time of purchase means ...

Super funds condemn Trump climate withdrawal

ALEX BURKE  |  FRIDAY, 2 JUN 2017
... actions," she said. "For instance, over 62% of ExxonMobil shareholders voted yesterday in favour of the climate change disclosure shareholder proposal."

ASIC delays super disclosure reforms

ALEX BURKE  |  FRIDAY, 2 JUN 2017
... time for relevant legislation to finalise. Product dashboard requirements for choice products and portfolio holdings disclosure requirements will be delayed for two years - until 1 July 2019 and 31 December 2019, respectively. The relief for super funds ...

ASIC consults on new statement of advice

EMMA RAPAPORT  |  WEDNESDAY, 31 MAY 2017
... Kelly O'Dwyer, ASIC was tasked with a review of life insurance SOAs. ASIC was asked to consider: Prominent upfront disclosure of commissions in SOAs How to make SOAs simpler and more effective for consumers, and How to make better use of SOAs. The closing ...

Foreign trust disclosures overhauled in NZ

DARREN SNYDER  |  WEDNESDAY, 24 MAY 2017
Foreign trusts generating foreign income in New Zealand will now face significant disclosure requirements but still won't have any NZ income tax obligations. Christchurch-based Mackay Bailey director Michael Woodward said the new disclosure requirements ...

Reporting overhaul to hit insurer profits

KARREN VERGARA  |  MONDAY, 22 MAY 2017
... will pay out. This "landmark shift" in financial reporting aims to provide greater consistency and higher levels of disclosure in how insurance companies measure liabilities - and will potentially bring more volatility in reported profit, according to ...

Asia-Pacific needs more retirement income specialists: Milliman

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... to receiving advice, 63% of respondents cited the cost of advice as one of the key impediments. "Without appropriate disclosure under commission-based distribution models, costs are usually completely opaque to consumers, or at least not well understood," ...