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Showing 1121 - 1130 of 6076 results for "Commission"

Sam Henderson sentenced

ELIZABETH MCARTHUR  |  TUESDAY, 20 OCT 2020
... information memorandum dated May 2011. Henderson was the subject of a case study on bad financial advice at the Royal Commission and was subsequently banned from providing financial services for a period of three years. During the Royal Commission, audio ...

NAB to pay $15m for Royal Commission case study

ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
... Bank has been ordered to pay $15 million for dealing with unlicensed home loan introducers, as revealed at the Royal Commission. ASIC brought proceedings against NAB for contravening the National Consumer Credit Protection Act, which prohibits credit ...

Self-licensing on the horizon

KARREN VERGARA  |  MONDAY, 19 OCT 2020
Consolidation in the financial advice industry is leading to a second wave of advisers leaving big institutions and potentially taking the self-licensing path. This is according to Centrepoint Alliance group executive of advice Paul Cullen, who said ...

Tax Practitioners Board adds members

ANNABELLE DICKSON  |  MONDAY, 19 OCT 2020
... company director. He is chair of Wirra Wirra Vineyards, Royal Flight Doctor Service, Australian American Fulbright Commission and was previously a tax partner at KPMG for over 24 years. Sullivan had a career in tax litigation, having recently retired ...

Man arrested over investment scam

ANNABELLE DICKSON  |  FRIDAY, 16 OCT 2020
An investigation by the Australian Securities and Investments Commission has culminated in an arrest over a suspected investment scam. The 42-year-old Melbourne man was arrested following a joint investigation by ASIC and Victoria Police E-Crime Squad ...

Stapling equals accountability: Hume

KARREN VERGARA  |  THURSDAY, 15 OCT 2020
... Pension, superannuation and voluntary savings, and does not propose recommendations similar to what the Productivity Commission would do. Hume said that paving the "glide path" between accumulation and decumulation phase was an important consideration ...

A new model is coming: Licensees

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
... terms of institutional alignment that the industry has experienced in recent years, and particularly since the Royal Commission, might not be helping the affordability problem. "My feeling is that as an industry the dynamics are changing. We've got the ...

Stephen Jones admits to anti-life insurance bias

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
... "I start with a bias against it, I have to say. I think the burden lies upon the industry at large to prove that a commission based sales model attached to an advice sector can provide advice that is not conflicted," Jones said. "I want to be very frank. ...

Westpac puts Australia on bad banking leaderboard

ELIZA BAVIN  |  WEDNESDAY, 14 OCT 2020
... Canada's Scotiabank reached settlement agreements with the US Department of Justice and the Commodity Futures Trading Commission over charges of metals market manipulation.

APRA highlights heatmaps success

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 OCT 2020
... government reform possibly making heatmaps redundant after they were only in effect for one year. Following the Royal Commission, one of APRA's objectives was to drive super trustees to deliver quality outcomes for members. This drove several new APRA ...