PDS

Financial planning

Advice documentation a major exam problem area

In the last four exams, the Financial Adviser Standards and Ethics Authority has acknowledged that advice documentation is a problem area with exam performance. ...

Superannuation

AIST welcomes ASIC’s decision

The Australian Institute of Superannuation Trustees has welcomed the Australian Securities and Investment Commission’s announcement with regards to a longer transition pe...

Financial planning

NAB fined $10k for misleading PDS

NAB has paid $10,200 in fines after ASIC found the bank made misleading statements in its annuity term deposit PDS....

Policy & Regulation

The regulatory pendulum swings too far

Deloitte argues that FOFA taken together with other initiatives suggests the regulatory pendulum has swung too far....

Financial planning

ASIC extends fee disclosure deadline

Super funds have received a deadline extension to 1 July 2015 for compliance with fee and cost disclosure requirements....

Policy & Regulation

Outsource PDS approvals to independent research body

ASIC should outsource PDS approvals to an independent research panel funded by planner levy. ...

Financial planning

ASIC considers automatic MIS registration

ASIC considers allowing managed investment schemes to be automatically registered, with non-compliant schemes regulated by stop-orders....

Financial planning

ASIC extends relief on shorter PDS regime

The financial services regulator has granted an extension on interim class order relief from the shorter product disclosure statement (PDS) regime. ...

Funds management

ASIC issues class order on mFund services

ASIC has provided relief for mFund settlement Service clients through a class order. ...

Financial planning

ASIC reviews shorter PDS guidance

ASIC has released updated guidelines on its shorter Product Disclosure Statement (PDS) push, reminding superannuation providers to detail cooling-off periods and costs. ...

Funds management

ASIC moves AQUA a step closer

ASIC consultation brings ASX platform a step closer but narrows its focus....

Financial planning

Hedge fund disclosure start date extended

As it continues its discussions with industry, the Australian Securities and Investments Commission (ASIC) has extended the commencement of upcoming disclosure benchmarks...

Funds management

Equities get easy run compared with structured products

Structured products such as derivatives have yet to recover from recent market impacts with the sector having been reduced from $4 billion to $1 billion in recent years d...

Funds management

Hedge fund clarity needed

Proposed fund disclosure requirements for hedge funds have industry support, but experts say that the guidelines should extend to all complex investment schemes and that ...

Financial planning

MLC releases simpler PDS ahead of regulatory changes

In an effort to meet the Federal Government's short-form product disclosure statement (PDS) reforms, MLC has released simpler short-form documents for three of its leadin...