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Showing 91 - 100 of 305 results for "Consent"

Never been more optimistic: Abood

CASSANDRA BALDINI  |  WEDNESDAY, 23 NOV 2022
... advisers including expanded breach reporting and the design and distribution obligations (DDO), as well as advice fee consent requirements which "hit home." "These have been extremely problematic causing chaos around the country as financial planners ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
... liability and remains subject to court approval. The class action followed claims consumers were sold credit insurance without consent when taking out credit cards and personal loans. It was further alleged that ANZ caused customers to make payments ...

QAR leaves insurance commissions alone

JAMIE WILLIAMSON  |  THURSDAY, 3 NOV 2022
... Review recommends life insurance commissions be retained, but additional disclosure rules be introduced to ensure clients consent to the payments. In August, the first proposals paper from the Quality of Advice Review was released, devoid of any comment ...

Perpetual takeover of Pendal progresses

ANDREW MCKEAN  |  WEDNESDAY, 19 OCT 2022
In Perpetual's first quarter business update, it said that progress has been made across the key conditions to the Pendal Group takeover, including client consents and regulatory approvals. Perpetual chief executive and managing director Rob Adams ...

North adds Cboe access to platform

CHLOE WALKER  |  MONDAY, 19 SEP 2022
... been made to North's core functionality, including an investment switch capability, a tax estimator, and a new digital consent process, streamlining the fee approval process with advisers. AMP platforms director Edwina Maloney said that these additions ...

Focus on providing 'good advice': QAR draft proposals

JAMIE WILLIAMSON, CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
... annual fee disclosure statements, seek their agreement to renew fee arrangements and obtain their clients' signed consent to deduct fees from financial products, with obtaining annual written consent from their client to deduct ongoing advice fees ...

Unlicensed forex trader extradited from Poland

CHLOE WALKER  |  FRIDAY, 19 AUG 2022
Unlicensed foreign exchange trader Daniel Farook Ali has faced the Brisbane Magistrates Court charged with eight counts of fraud, after being extradited from Poland and arrested following an ASIC investigation. The corporate regulator alleges that between ...

How super should be using technology: KPMG

ANDREW MCKEAN  |  TUESDAY, 2 AUG 2022
... states of technology solutions. Further, KPMG added: "Funds should provide adequate notice to and, where relevant, obtain consent from members noting that the use of a technology solution may require disclosure to third parties, and the creation of new ...

HUB24 posts record platform inflows

ANDREW MCKEAN  |  TUESDAY, 19 JUL 2022
... through recent market volatility as well as ensuring they have met their regulatory obligations for ongoing advice fee consent requirements which are now in force." This quarter, 33 new distribution agreements were signed and the total number of advisers ...

Subjects of Royal Commission case study found guilty in court

CHLOE WALKER  |  MONDAY, 11 JUL 2022
... a 'Refer a Friend' program by incentivising new customers to provide the contact details of friends and family without consent. Commenting on the case, ASIC commissioner Sean Hughes said: "In making findings of unconscionable conduct, the Court has emphasised ...