ASIC Regulatory Guide 97 (RG97)

ASIC super fund fee disclosure rules could confuse consumers further

Industry Super Australia has warned that new superannuation fee disclosure rules could actually further confuse consumers. ASIC has been consulting on proposed changes to Regulatory Guide 97 (RG 97), which provides guidance on the disclosure of fees and costs in PDSs and periodic statements. “ASIC is committed to ensuring that… Read More »ASIC super fund fee disclosure rules could confuse consumers further

RG97 report finds it’s difficult for consumers to compare fee information

A report into the RG97 fee disclosure rules has found that it is difficult for consumers to compare fees for financial products, but the report has been welcomed by the superannuation and financial services industry. Shortly after ASIC’s Regulatory Guide 97: Disclosing fees and costs in PDSs and periodic statements… Read More »RG97 report finds it’s difficult for consumers to compare fee information

Impossible to compare super funds under new fee disclosure rules

New superannuation fee disclosure rules will make it impossible for consumers to compare super fund fees and costs, says Industry Super Australia. Industry Super Australia (ISA) says that ASIC’s new Regulatory Guide 97 (RG97) was designed to inject greater transparency into the, “often murky”, fees and costs that are “unwittingly… Read More »Impossible to compare super funds under new fee disclosure rules