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Showing 51 - 60 of 130 results for "Danielle Press"

Super funds slapped over smoker premiums

ALLY SELBY  |  FRIDAY, 7 AUG 2020
... premiums in the process unless the member took active steps to opt out of this categorisation. ASIC commissioner Danielle Press noted insurance premiums for smokers are notoriously higher for smokers than non-smokers. "Given the low prevalence of smoking ...

AustralianSuper PYS fee under scrutiny again

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JUL 2020
... Parliamentary Joint Committee, Corporations and Financial Services Senator Andrew Bragg asked ASIC commissioner Danielle Press how ASIC's review into member communication about the fee increase. Bragg said the member communications indicated that ...

Former financial adviser permanently banned

HARRISON WORLEY  |  TUESDAY, 7 APR 2020
... about the value of their investment portfolios in an effort to cover up his theft. At the time, ASIC commissioner Danielle Press said: "Clients need to be able to trust their financial advisers, and in this case, Mr Gibbs breached that trust."

Charterhill founder incarcerated

ALLY SELBY  |  MONDAY, 6 APR 2020
... significantly impacted his victims lives in order to fund his lavish lifestyle. Worse still, ASIC commissioner Danielle Press said Nowak had acted deliberately. "Mr Nowak deliberately misled his clients and used their funds for his own benefit," she ...

Super funds must prioritise liquidity: Regulators

HARRISON WORLEY  |  WEDNESDAY, 1 APR 2020
... funds to prioritise liquidity. In a joint letter sent to all registrable superannuation entities, ASIC commissioner Danielle Press and APRA deputy chair Helen Rowell have directed the industry to align themselves with the regulators in ensuring they ...

Former AMP adviser sentenced

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... The sentence shows the court's approach to deterring dishonest acts such as these," said ASIC Commissioner Danielle Press. As Martin was sentenced in the NSW District Court, the judge was clear in his disapproval of the adviser's actions. Judge ...

Lack of independence must be made clear: ASIC

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
... members have given consent for advice fees to be paid from their superannuation choice account. ASIC commissioner Danielle Press said: "The government proposes to introduce legislation implementing the Royal Commission recommendations from 1 July 2020." ...

Queensland adviser barred from industry

ALLY SELBY  |  WEDNESDAY, 26 FEB 2020
... time". It argues Houwing was not "adequately trained or competent to provide financial services". ASIC Commissioner Danielle Press said behaviour like Houwing's tainted the reputation of the financial advice system. "The failure of financial advisers ...

Regulators praise super law reform

ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
... retaining APRA's role as the prudential and member outcomes regulator in superannuation. ASIC commissioner Danielle Press said: "ASIC and APRA have a shared commitment to improving the fitness of the superannuation system for Australians, and we ...

Problems persist with PYSP communication: ASIC

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... members to make certain decisions, and the use of just one channel to communicate with members. ASIC commissioner Danielle Press said a superannuation trustee's approach to member communications is critical for the success of the PYSP reforms. "Our review ...