ASIC

ASIC proposes changes to advice fee disclosures

The corporate regulator has outlined changes to disclosure of advice fees and costs for managed investment schemes and superannuation.

In a consultation paper, ASIC proposed updating Regulatory Guide 97 Disclosing fees and costs in PDSs and periodic statements, as well as draft amendments to Schedule 10 of the Corporations Regulations.

Read more at the ifa.

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