Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 111 - 120 of 263 results for "Peter Kell"

ASIC orders HSBC remediation plan for "deficient" advice

ALEX BURKE  |  TUESDAY, 17 MAY 2016
... is to ensure that financial products are appropriate for the consumers' needs and circumstances," ASIC deputy chair Peter Kell said. "Where that doesn't occur, ASIC will intervene to ensure that affected clients are reviewed and compensated fairly and ...

ASIC makes two permanent bans

KERRIE SYDEE  |  FRIDAY, 13 MAY 2016
... financial advantage, larceny and using and possessing other people's identification information. ASIC deputy chair Peter Kell said: 'Banning unscrupulous operators like Mr D'Lamartin will ensure consumers can have trust and confidence in the financial ...

ASIC bans ex-NAB planner from the industry

ALEX BURKE  |  WEDNESDAY, 27 APR 2016
... strengthen the alignment of remuneration and incentives to customer outcomes." Commenting on the ban, ASIC deputy chair Peter Kell said: "ASIC will continue to protect consumers by removing those who engage in misleading and deceptive conduct from the ...

ASIC hands Allegianz six month suspension

KERRIE SYDEE  |  FRIDAY, 1 APR 2016
... obligations and licence conditions. ASIC has suspended Allegianz's licence until 10 September 2016. ASIC deputy chair Peter Kell said: "Licensees are required to lodge financial statements with ASIC to demonstrate their capacity to provide financial ...

Advice firm made to take specialist SMSF training

ALEX BURKE  |  THURSDAY, 31 MAR 2016
... SMSF is a significant financial step for consumers and many factors can impact their decision," said ASIC deputy chair Peter Kell. "It is therefore important that consumers receive quality, compliant advice that will assist them in making informed decisions ...

ANZ appoints PwC for OnePath compliance review

ALEX BURKE  |  TUESDAY, 15 MAR 2016
... targeted external audits and additional staff training to improve monitoring, reporting and governance." ASIC deputy chair Peter Kell concluded, "Appropriate compliance and systems to monitor compliance are essential for banks to adhere to their AFS ...

ANZ pays $212,500 for responsible lending breach

ALEX BURKE  |  TUESDAY, 8 MAR 2016
... was a deliberate addition to the general responsible lending obligations by the Government," said ASIC deputy chair Peter Kell. "The requirement is designed to ensure that consumers do not end up with unmanageable debt. This case demonstrates that ASIC ...

NAB supports ex-adviser ban

ALEX BURKE  |  FRIDAY, 4 MAR 2016
... assisted his client in lodging false withdrawal forms using that information. Commenting on the ban, ASIC deputy chair Peter Kell said: "When acting on behalf of their clients, financial advisers must not engage in behaviour that is misleading or deceptive. ...

ASIC cracks down on "independent" AFSLs

ALEX BURKE  |  THURSDAY, 3 MAR 2016
... investors and may sway their decisions about their investments or their choice of adviser," said ASIC deputy chair Peter Kell. "Consumers must not be misled into believing that an adviser is independent and free from influence by commissions or other ...

ACE forced to pay $1m for poor Combined sales culture

MARK SMITH  |  FRIDAY, 26 FEB 2016
... investigation was the affected consumers, and we have pursued the best result possible for those consumers," ASIC deputy chair Peter Kell said. ACE, which is merging with Chubb under the Chubb brand, announced earlier this month that Combined would write ...