Seven key issues for asset managers in 2013
To kick off the start of the second quarter of 2013, King & Wood Mallesons sets out the seven key regulatory issues driving risk, operations and market trends for asset managers this year.
The Future of Financial Advice reforms start from 1 July 2013. The reforms continue to pose significant challenges for Australian retail distribution in 2013. For example, significant challenges remain for the distribution of listed products.
The transparency measures within the Stronger Super reforms will become effective on 1 July 2013. The breadth of the portfolio holdings disclosure requirements will likely pose significant compliance burdens on superannuation trustees. We are already seeing some trustees seeking to move that burden to asset managers. The restrictions on performance fees for funds in which MySuper products are invested will be a challenge to super funds allocating to funds which typically include performance fees. Asset managers need to prepare a better rationale for their performance fees. Finally, revised APRA outsourcing standards will see superannuation trustees seek to renegotiate agreements with service providers including IMAs with asset managers…
If you are registered and logged in to the site, click on the link below to read the rest of the King & Wood Mallesons briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from King & Wood Mallesons
News from The Lawyer
Briefings from King & Wood Mallesons
Principals and contractors need to be aware that in not registering security interests under the PPSA 2009, they may risk serious consequences.
The New Companies Ordinance (NCO) will come into effect on 3 March 2014. It includes changes that affect the way documents may be executed.
Analysis from The Lawyer
Shanghai’s ground-breaking Pilot Free Trade Zone could mark the beginning of the long-awaited liberalisation of China’s legal services sector.
Hong Kong IPO activity is hotting up again, but UK legal stalwarts are looking over their shoulders as US rivals make up ground fast