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Showing 1051 - 1060 of 3918 results for "law"

Former adviser cops eight-year ban

KARREN VERGARA  |  THURSDAY, 6 MAY 2021
... has reason to believe that they are not of good fame or character or likely to fail to comply with the financial services law," ASIC said. She has appealed to the Administrative Appeals Tribunal to review of ASIC's decision. Lee joins a long list of ...

Legalsuper adds Law Institute of Victoria chief

JAMIE WILLIAMSON  |  TUESDAY, 4 MAY 2021
The $4.5 billion industry superannuation fund has welcomed Law Institute of Victoria chief executive Adam Awty to its board of directors. Awty has replaced Ashurst partner Geoff Hone who served on the board for 11 years. "At a time when superannuation ...

Former Australian Unity adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 29 APR 2021
A former authorised representative of Australian Unity Personal Financial Services was handed a five-year ban for telling clients MySuper options are more expensive and to opt out of the products. Christopher Chan will serve a five-year ban for writing ...

ASIC appoints new chair, deputy chair

ELIZABETH MCARTHUR  |  THURSDAY, 29 APR 2021
ASIC has appointed a new chair to replace James Shipton and a deputy chair. Perth-based lawyer Joe Longo has been appointed chair and the ACCC's Sarah Court also joins the regulator as deputy chair. "On behalf of the ASIC Commission and team I'd ...

Westpac settles life insurance class action

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 APR 2021
Westpac has settled a class action relating to life insurance sold through its financial advice network. The class action was brought against Westpac Group by Shine Lawyers in 2017. It claimed that between 2011 and 2017, customers who received financial ...

Advisers to go forth with claims handling

ANNABELLE DICKSON  |  MONDAY, 26 APR 2021
... calendar days after the licensee is aware of a reportable situation. However, the AFA also pushed to delay the breach reporting law over concerns small advice firms would find it difficult to comply with.

FPA launches file note guidance

ELIZABETH MCARTHUR  |  MONDAY, 26 APR 2021
... area for improvement for financial planners," FPA chief executive Dante De Gori said. "In reviewing AFCA reports and case law, detailed file notes were one of the biggest factors which helps in defending financial planners. Unfortunately, in a dispute ...

ASIC opens breach reporting consultation

ANNABELLE DICKSON  |  THURSDAY, 22 APR 2021
... Commission expressed concern about prolonged and repeated failures by large entities to make breach reports required by the law," ASIC deputy chair Karen Chester said. "Breach reporting is a core component of Australia's financial services and credit ...

Life industry to launch framework

ANNABELLE DICKSON  |  WEDNESDAY, 21 APR 2021
... professionals are expected to achieve four Certificate IV competencies including ethics; sustainability; products and services; and law and regulation with all underwriting professionals by 2024. TAL chief executive Brett Clark said the framework will ...

MLC GM joins dealer group

ELIZABETH MCARTHUR  |  TUESDAY, 20 APR 2021
The former general manager of MLC Financial Planning and the MLC advice network has jumped to a dealer group aligned with a real estate agent. Wealth Market, which is associated with Ray White and Loan Market, has appointed Jasia Fabig as national practice ...