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Showing 121 - 130 of 158 results for "ASIC for"

Banks suspected of pocketing grandfathered commissions

JAMES FERNYHOUGH  |  TUESDAY, 24 JUN 2014
... used to bolster the profits of the major banks and financial institutions," Whiteley said. Financial Standard contacted ASIC for comment, but at time of writing they had made no statement. However, there does appear to be substance behind ISA's warnings ...

We did a "pretty good job" in CBA planning case: ASIC

LAURA MILLAN  |  WEDNESDAY, 26 MAR 2014
The Australian Securities and Investment Commission (ASIC) commissioner Greg Tanzer believes that the regulator "did a pretty good job" in dealing with the Commonwealth Financial Planning (CFP) case that prompted a Senate inquiry into the overall performance ...

Industry pushes for more consumer protection under FoFA

LAURA MILLAN  |  TUESDAY, 25 MAR 2014
The financial services industry has welcomed the Finance Minister Mathias Cormann's decision to temporarily freeze the amendments to the Future of Financial Advice (FoFA) legislation, which some stakeholders believe will lead to increased consumer protection. ...

ASIC admits Commonwealth FP investigation was "not adequate"

LAURA MILLAN  |  MONDAY, 5 AUG 2013
Communication with the whistleblowers who revealed poor practices within the Commonwealth Bank Financial Planning (CFP) unit was inadequate the Australian Securities and Investments Commission (ASIC) has admitted. ASIC recently submitted a 18-page document ...

ASIC appoints deputy chairman

LAURA MILLAN  |  FRIDAY, 26 APR 2013
... executive of consumer group CHOICE. The Government also announced that Cathie Armour will be full-time commissioner of ASIC for a four-year period from 3 June 2013. Armour is an executive director and general counsel of Macquarie Capital within the Macquarie ...

ASIC accepts enforceable undertaking from City Index

LAURA MILLAN  |  WEDNESDAY, 10 APR 2013
... review the business and develop a plan to rectify the deficiencies. The independent expert is to report regularly to ASIC for the next 18 months, a move prompted by ASIC's surveillance of the company, which found deficiencies in its client money handling ...

ASIC releases draft super benefits calculator guidelines

ALEX DUNNIN  |  WEDNESDAY, 20 MAR 2013
... deliver to them. Funds that are concerned they're no longer able to comfortably rely on regulatory relief granted by ASIC for funds estimating member benefits meanwhile forced ASIC's hand to develop a refined policy position, they noted. ASIC said their ...

Keep chasing architects of Trio collapse: Agencies

BEN COLLINS  |  FRIDAY, 8 FEB 2013
... Police and the Crime Commission to continue their inquiries into the fraud, AAP reported. The committee also commended ASIC for helping reach a settlement with the Commonwealth Bank of Australia on compensation costs for the collapse of Storm Financial. ...

PwC partner banned from auditing

BEN COLLINS  |  TUESDAY, 20 NOV 2012
A Melbourne partner of PricewaterhouseCoopers has been banned from auditing until 2015, said the Australian Securities & Investments Commission (ASIC). The corporate watch dog accepted an enforceable undertaking from former Centro auditor Stephen Cougle ...

Barclays cops $80,000 fine

LINDA HAUSKEN  |  TUESDAY, 16 OCT 2012
Barclays Bank has been fined by ASIC for breaching the corporations Act and withdrawing $13.8 million of client segregated accounts money without authorisation. The corporate watch dog yesterday confirmed that Barclays had paid an infringement penalty ...