Policy and Regulation
ASIC: super “fee inconsistencies” not good enough
The Australian Securities and Investment Commission is urging superannuation funds to draft their own set of fee transparency guidelines ahead of its own updated guidance issued today. The regulator is targeting non-disclosure relating to investment in underlying investment vehicles, incorrectly disclosing fees net of tax and inconsistent disclosure of performance fees. Such inconsistencies have left […]
Kate HageJuly 8, 2014