disclosure

Policy & Regulation

Building investor trust through voluntary ESG disclosure standards

CFA Societies Australia is urging asset managers to adopt its voluntary global ESG disclosure standards in a step towards uniformity and transparency for investors....

Policy & Regulation

Super portfolio disclosure draft regulations released

The Government has included changes to the way portfolio holdings should be organised and what format they should be displayed in. ...

Superannuation

Disclosure changes open door for ‘reckless behaviour’

Changes to disclosure measures under the Treasury Laws Amendment (2021 Measures No.1) Bill could be a “green light for more reckless behaviour”, according to the Australi...

Financial planning

ASIC gives capital raising relief

Listed firms that have been suspended for up to 10 days will be allowed certain ‘low doc’ offers such as rights offers, placements, and share purchase plans, even if they...

Policy & Regulation

Millinium refers former adviser to NZ Serious Fraud Office

A previous claim made by Millinium Capital Managers against a former adviser has been referred to the New Zealand Financial Markets Authority and Serious Fraud Office....

Financial planning

Academic calls for heads to roll at FASEA

Financial planning academic and “whistle-blower”, Adrian Raftery, has called for the resignation of four Financial Adviser Standards and Ethics Authority directors and th...

Funds management

Australia lags on remuneration and disclosure

Australian firms lag on remuneration and disclosure, according to AXA Investment Managers....

People & Products

ASIC looks to HK expert on RG97

The Australian Securities and Investments Commission has brought in an expert from Hong Kong to review the regime attaching to RG97....

Funds management

Private equities say new fee disclosure rules flawed

Private equity funds have urged ASIC to address “flawed implementation” of new fee disclosure requirements....

Financial planning

Transparency vital in digital advice

Digital advice providers must be transparent on the scope and limits of their services to clients, while their algorithms should account for all costs and tax implication...

Funds management

Derivative company caught ‘mingling client money’

ASIC enquiry found an Australian retail over-the-counter (OTC) derivative issuer “mingling” client money. ...

Editorial

Learning to live with the LIF

Like them or not, financial advisers should already have begun making the adjustments necessary to operate within the new Life Insurance Framework, writes Catherine Evans...

Superannuation

Super funds anxious about unlisted portfolio disclosures

Proposed new portfolio disclosure holdings requirements force super funds to more clearly disclose the value of direct and unlisted investments....

Policy & Regulation

ASIC green lights electronic PDS

ASIC has issued new guidance giving financial services firms greater scope to use digital disclosure....

Financial planning

Advice scandal prevention requires investor differentiation

The prevention of advice crises in a post-Murray financial system will hinge on differentiating between wholesale and retail investors, an investor registry head believes...