Materiality |
Anthony Asher and Trang Duncanson suggest that there has not been enough rigorous debate on this topic and funds have applied materiality limits that are too low when they have been applied at all.
Read their paper and presentation from the 2008 Institute of Actuaries of Australia Financial Services Forum.
Attachments
Developing a Fair and Reasonable Unit Pricing Restitution Policy (499 KB)
Institute of Actuaries of Australia presentation
Developing a Fair and Reasonable Unit Pricing Restitution Policy (443 KB)
Institute of Actuaries of Australia report
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