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Showing 1361 - 1370 of 6076 results for "Commission"

ASIC turns up the heat on enforcement

HARRISON WORLEY  |  THURSDAY, 27 FEB 2020
One year on from a Royal Commission lambasting, ASIC is continuing to increase its efforts to chasten large institutions for misconduct, latest enforcement activity numbers show. In its latest six monthly report into its enforcement and regulatory work ...

Life commissions, referral fees still kosher: AFA

ELIZABETH MCARTHUR  |  THURSDAY, 27 FEB 2020
A regulatory update at the Association of Financial Advisers' Roadshow event in Sydney provided financial advisers a clear message on life insurance commissions and referral fees, and took aim at a former FASEA board member in the process. AFA general ...

Queensland adviser barred from industry

ALLY SELBY  |  WEDNESDAY, 26 FEB 2020
A Queensland-based financial adviser has been permanently banned and an AFS licence canned, after the corporate watchdog found he had procured loans for his own use from SMSF clients. ASIC has banned William John Henry Houwing, also known as Jack Houwing ...

Chief economist update: COVID-19 solves overtourism in Europe

BENJAMIN ONG  |  WEDNESDAY, 26 FEB 2020
Be careful what you wish for. Many European countries and their citizens have long been complaining about the growing problem of overtourism in their respective cities. Italy, for one, has introduced new rules and regulations prohibiting sitting on ...

IOOF faces new class action

ELIZABETH MCARTHUR  |  TUESDAY, 25 FEB 2020
... alleged misconduct within IOOF from 2009 to 2015. Litigation Lending is funding the action. "The Financial Services Royal Commission and other enquiries have revealed extensive wrongdoing within the financial services sector," Litigation Lending chief ...

Chief economist update: Who's afraid of COVID-19?

BENJAMIN ONG  |  TUESDAY, 25 FEB 2020
... policies - Chinese President Xi has already pledged to increase policy support and the National Development and Reform Commission (NDRC) announced more targeted tax and fee cuts to aid micro, small and medium-sized businesses. As for Australia, with ...

Consumers trust Google over advisers: NobleOak

ALLY SELBY  |  TUESDAY, 25 FEB 2020
... advisers for guidance on their financial goals and needs. It points to the digital revolution and fallout from the Royal Commission as key reasons for this shift in consumer behaviour. In a survey of over 1000 Australians, NobleOak found that consumers ...

Freedom Insurance appoints liquidators

KANIKA SOOD  |  MONDAY, 24 FEB 2020
... operating and would offload its administration and financial advice businesses. Its troubles began in 2018 when a Royal Commission hearing revealed it had sold insurance to man with Down syndrome. In November, it hired as its chair Vamos, former chief ...

Wells Fargo coughs up $4.5 billion

ALLY SELBY  |  MONDAY, 24 FEB 2020
... world's fourth largest bank since 2016. The $4.5 billion (US$3 billion) settlement with the Securities and Exchange Commission (SEC) and the US Department of Justice (DOJ) resolves all criminal and civil charges against the besieged bank. In settlement ...

SMSF Association reaffirms ATO partnership

ELIZABETH MCARTHUR  |  MONDAY, 24 FEB 2020
The ATO and SMSF Association have extended their strategic partnership that enables ATO employees to be seconded to the SMSFA to gain greater understanding of the SMSF sector. ATO deputy commissioner of superannuation James O'Halloran joined SMSF Association ...