Search ResultsShowing 1 - 10 of 54 results for "Danielle Press"
AMP MDA constraints frustrate advisers
ELIZABETH MCARTHUR  |  MONDAY, 5 AUG 2019
... to properly execute an MDA. It is not known when the licence conditions may be lifted. ASIC commissioner Danielle Press said at the time the conditions were imposed: "ASIC expects to see improvements in the standards of supervision, conduct ...
ASIC warns trustees on employer inducements
KARREN VERGARA  |  THURSDAY, 1 AUG 2019
... and Member Outcomes in Superannuation Measures No 1) Bill 2019 , which passed on April 4. ASIC Commissioner Danielle Press said the recent amendments mean civil and criminal penalties can be imposed on trustees that don't comply with the law. If ...
Sam Henderson cops ASIC ban
KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
... to disclose this interest to its clients in two Financial Services Guides given to them. ASIC commissioner Danielle Press said: "Financial advisers are required by law to act in the best interests of their clients and prioritise clients' ...
Managed investment scheme operator AFSL canned
ELIZABETH MCARTHUR  |  FRIDAY, 12 JUL 2019
... of BRI Ferrier was appointed voluntary administrator of Australian Mutual on June 28 2019. ASIC commissioner Danielle Press said of the licence cancellation: "A key priority for ASIC is ensuring that responsible entities take their duty to act in ...
Former financial adviser jailed
ELIZABETH MCARTHUR  |  THURSDAY, 11 JUL 2019
... clients about the value of their investment portfolios in an effort to cover up his theft. ASIC commissioner Danielle Press said: "Clients need to be able to trust their financial advisers, and in this case, Mr Gibbs breached that trust." She ...
Bristol Street adviser banned
ELIZABETH MCARTHUR  |  FRIDAY, 28 JUN 2019
... on debt reduction and cash flow - even when clients specifically requested that advice. ASIC commissioner Danielle Press said: "When providing personal advice, ASIC expects financial advisers to take reasonable steps to understand their ...
Former Westpac adviser permanently banned
JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUN 2019
... system as whole. Individual advisers have a role to play in rebuilding that trust," ASIC commissioner Danielle Press said. "ASIC expects financial advisers to uphold the values of integrity and professionalism. Conduct that results in harm ...
Former Gold Coast adviser banned
HARRISON WORLEY  |  MONDAY, 3 JUN 2019
... of advice to demonstrate the advice he provided and the information on which he provided it. ASIC commissioner Danielle Press said= SMSFs are not suitable for everyone, and advisers recommending SMSFs only for the purpose of borrowing money to ...
Communication fails to keep member interests at heart
KARREN VERGARA  |  WEDNESDAY, 8 MAY 2019
... falls below $6000 and no contributions have been received for 13 or more continuous months." ASIC Commissioner Danielle Press said last month that it is not appropriate for trustees to encourage all members to maintain insurance, as many members ...
ASIC targets misleading member communication
KARREN VERGARA  |  WEDNESDAY, 17 APR 2019
... Protecting Your Super package (PYSP) reforms, which are due to take effect on 1 July 2019. ASIC Commissioner Danielle Press said: "It is not appropriate for trustees to encourage all members to maintain insurance - many members with inactive ...
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