Stay updated with breaking news from Fee Disclosure. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
In an unprecedented move, the corporate regulator has launched multiple civil penalty proceedings again the bank for matters including fee-for-no-service for deceased customers, insurance in super, and inadequate fee disclosure.
The first penalty of its kind, the penalty relates to allegations from the corporate regulator in 2019 that the big four bank issued defective fee disclosure statements that charged fees for no service.
The Consolidated Appropriations Act ("CAA") includes a number of provisions enhancing transparency in the operation of group health plans. One of those provisions will require brokers...
To print this article, all you need is to be registered or login on Mondaq.com. The Consolidated Appropriations Act ("CAA") includes a number of provisions enhancing transparency in the operation of group health plans. One of those provisions will require brokers and consultants to make fee disclosures to a responsible plan fiduciary if the broker or consultant qualifies as a covered service provider. Background In general, certain transactions between an employee benefit plan and a party-in-interest, including a service provider, are prohibited transactions under ...
Link Copied Most markets around the world have incrementally improved the environment for fund investors over the past few years through greater investment transparency--a development that has been guided by better disclosure practices, including portfolio holdings disclosure. Transparency is important as it helps investors make better decisions and creates trust in investment vehicles and the firms that manage client assets. This trend toward greater investment transparency was one of the top findings from the Disclosure chapter of Morningstar's 2020 Global Investor Experience study, which...