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Showing 1111 - 1120 of 2632 results for "Practices"

ClearView breached anti-hawking law 300k times

KARREN VERGARA  |  MONDAY, 10 SEP 2018
... language. A year earlier, ASIC was troubled they didn't know exactly how many customers were affected by the sales practices and consequently how many times ClearView breached the provision. In 42 ClearView sales calls reviewed, ASIC said the staff ...

Insurance in super code weak: ASIC

KARREN VERGARA  |  MONDAY, 10 SEP 2018
... funds or to understand insurance offered in superannuation, ASIC commented. Poor complaints-handling timeframes and practices were a major concern as about one-third of trustees took more than 90 days on average to resolve complaints about insurance. ...

ASIC to ramp up trustee visits

KARREN VERGARA  |  FRIDAY, 7 SEP 2018
... Corporate Governance Taskforce that will conduct targeted reviews of large listed companies, aiming to identify good and bad practices. It will look at director and officer oversight particularly in relation to non-financial risk, and executive remuneration ...

Life insurer undertakes strategic review

JAMIE WILLIAMSON  |  THURSDAY, 6 SEP 2018
... options was spurred by the release of ASIC's review into direct life insurance last week. ASIC's review found sales practices and products that offer little to no value are leading to poor consumer outcomes, with insurers regularly providing insufficient ...

FSC responds to direct life insurance findings

KARREN VERGARA  |  FRIDAY, 31 AUG 2018
... The Financial Services Council said it is "disappointed" ASIC's review into direct insurance has uncovered continuing practices of some life insurers that led to poor consumers outcomes. In response to the report ASIC handed down yesterday, the FSC said ...

Direct life insurance failing consumers: ASIC

KARREN VERGARA  |  THURSDAY, 30 AUG 2018
A comprehensive ASIC review of direct life insurance found sales practices and products that offer little to no value are leading to poor consumer outcomes. The practises of 11 life insurance providers selling direct-to-customers were examined and included ...

More risk advisers offloading practices

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
... Commission, the Life Insurance Framework and educational reforms are prompting risk advisers to hurriedly sell their practices at discount prices, a merger and acquisitions expert says. Radar Results principal John Birt said there are more risk insurance ...

Royal Commission challenges super regulators

KARREN VERGARA  |  TUESDAY, 28 AUG 2018
... Financial Services Australia Limited - the trustee of StatePlus Super. Following a review of StatePlus' business practices, Hodge said a group of members were entitled to advice service that was not delivered. On 12 May 2017, StatePlus notified ASIC ...

Morgan Stanley amends false independence claims

JAMIE WILLIAMSON  |  TUESDAY, 28 AUG 2018
... Earlier this year, ASIC required four financial advice firms to cease and amend false claims of independence. Two Paragem practices, an authorised representative of Spectrum Wealth Advisers and an authorised representative of Australian Financial Advisory ...

Life insurers take the Royal Commission stand

HARRISON WORLEY  |  TUESDAY, 28 AUG 2018
... hearings saw both retail and industry funds hauled before counsel assisting Michael Hodge to explain their governance practices. Experts weighed in on the repercussions for super fund executives and trustees, saying the evidence presented before the ...