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Breach reporting regime ‘virtually impossible’: AFA Breach reporting regime ‘virtually impossible’: AFA Many small licensees will be “hugely challenged” by the requirements of the new breach reporting regime, the Association of Financial Advisers (AFA) has warned. A A The draft Financial Sector Reform (Hayne Royal Commission Response) Bill 2020 has moved to strengthen the breach reporting regime for licensees, mandating AFSL holders report serious compliance concerns about advisers or other licensees to ASIC on a quarterly basis. The requirements will come into effect from 1 Octob...

>> how would i know what i'm paying in fees? >> you need your fee disclosure statement go to your plan administrator and say i want the fee disclosure statement, and what you look for is how much the fee is. it should be 1% or less. if it's 1% or more, you're paying too much. now that doesn't sound like a lot of money but over 35 years it's a ton ough. >> we'll watch for you this evening at 6:00 on the fox business network. 5:00 eastern time, 4:00 central time. always confusing. >> i know. >> school officials now say a hefty penalty -- they'll be facing one after attorney says they forced a mi...