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Showing 1221 - 1230 of 2507 results for "Legal"

Royal Commission presents clear downside for bank stocks

ALEX BURKE  |  MONDAY, 23 APR 2018
... several themes have emerged: a "slow drip of negative sentiment" towards bank behaviour and costs of participation regarding legal and preparation expenses. The analysts said the primary outcome will be a suite of policy/legal changes affecting the banking ...

Westpac obscured bad adviser reference check

KARREN VERGARA  |  FRIDAY, 20 APR 2018
... today's standards, the lack of disclosure and transparency shared with Dover was not adequate, Wright said. He added based on legal advice at the time, it would have been inappropriate to disclose what the bank knew about Smith. Orr rebuffed this excuse ...

ROYAL COMMISSION: Top stories

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
... concerning opt-in financial advice fees. AMP head of platform development John Keating acknowledged the firm has failed its legal obligations to enable customers to opt-in to advice fees. Dead advice clients slugged ongoing service fees Day four of the ...

AMP platform fees laid bare

KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
... concerning opt-in financial advice fees. AMP head of platform development John Keating acknowledged the firm has failed its legal obligations to enable customers to opt-in to advice fees. Keating said customers would procedurally sign forms with their ...

Insto licensees still bleeding talent

ALEX BURKE  |  WEDNESDAY, 18 APR 2018
The number of advisers using non-institutional licensees increased by 11.9% in the 12 months to December 2017, while institutionally-owned licensees saw adviser numbers fall by 4.4%. A new Rainmaker report explains that the number of registered advisers ...

AMP deliberately misled ASIC over ongoing fees

ALEX BURKE  |  TUESDAY, 17 APR 2018
... customers. Regan broadly agreed with the findings of the report, but argued that there had been "equivocation" with respect to legal advice on the matter. "The equivocation was that the rule 'should' be investigated, when I think it should have been ...

AMP's buyer of last resort measures scrutinised

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... internal business rule that clients could continue to be charged fees without service for up to 90 days. AMP's own internal legal team advised the relevant AMP staff that there was no legal basis for such a rule. When asked by Hodge whether that came ...

ASIC lifts licence conditions on CountPlus subsidiary

KANIKA SOOD  |  MONDAY, 16 APR 2018
... to its management, including the executive lineup and the board. "A new management team and board, together with expert legal and compliance advisers, overseen by the regulator, have undertaken a forensic examination of our business, its procedures and ...

Financial services data breaches recorded

HARRISON WORLEY  |  FRIDAY, 13 APR 2018
... breaches in the quarter. Finance (including superannuation) sits at third on the list, behind health service providers and legal, accounting and management services. The report also described the types of personal information involved in the breaches ...

Open banking data to become super fund value add: QMV

KANIKA SOOD  |  FRIDAY, 13 APR 2018
... logical step" after open banking has been implemented in banking services, utilities and telecommunications, QMV risk and legal principal consultant Jonathan Steffanoni said. This window between "open banking" and "open super" is an initial period of ...