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Showing 1131 - 1140 of 6079 results for "Commission"

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 ...

ASIC reviewing risk advice, pushes for scaled advice

ANNABELLE DICKSON  |  WEDNESDAY, 14 OCT 2020
The Australian Securities and Investments Commission is conducting a review of life insurance advice and plans to consult with the industry on scaled advice this year. Speaking at the Association of Financial Advisers Conference, ASIC senior executive ...

Transition away from LIBOR continues

ELIZABETH MCARTHUR  |  TUESDAY, 13 OCT 2020
ASIC, APRA and the RBA have joined forces in the transition away from LIBOR, which is expected to cease at the end of 2021. Last week, the International Swaps and Derivatives Association (ISDA) announced that it will launch the 2020 IBOR Fallbacks Protocol ...

MLC Wealth general manager jumps to Ashurst

ELIZABETH MCARTHUR  |  TUESDAY, 13 OCT 2020
... firms navigate this complexity with confidence." Baker led the remediation of customers at MLC following the Royal Commission as well as MLC's response to the ongoing regulatory investigations resulting from the conduct issues that were exposed.

Adviser sentenced to eight years' prison

ELIZABETH MCARTHUR  |  FRIDAY, 9 OCT 2020
... ceased after he sent an email to Synchron admitting to wrongdoing. Trapnell said the admission came during the Royal Commission and that perhaps Dick felt he would no longer be able to keep up his fraud. Synchron's compliance manager then flew to ...

TPB bans tax agent over COVID-19 fraud

ALLY SELBY  |  FRIDAY, 9 OCT 2020
... business, which the client declined. Subsequently, Tong offered to apply for COVID-19 stimulus funds in return for a commission, despite knowing that the client would be ineligible to receive the benefits, as their business had not been trading. For ...

Crypto exchange owners charged

KARREN VERGARA  |  THURSDAY, 8 OCT 2020
... charges for allegedly violating anti-money laundering laws and basic compliance procedures. The Commodity Futures Trading Commission (CFTC) has charged co-founders Arthur Hayes (chief executive), Samuel Reed (chief technology officer), Gregory Dwyer ...

Hume clarifies survival of the fittest in MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
... competition in the market growing so much. This was concerning to the government, Hume suggested, as the Productivity Commission had found keeping fees in these default products as low as possible was integral to retirement outcomes. A new, clearer articulation ...