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

Search Results

Showing 131 - 140 of 263 results for "Peter Kell"

Court fines SMSF admin for "free setup" ads

ALEX BURKE  |  WEDNESDAY, 4 NOV 2015
... significant financial decision. Consumers should not be misled by advertising, including online," said ASIC deputy chair Peter Kell. "ASIC considers that terms such as 'free' convey a strong impression to consumers and should not be used where there ...

Westpac to refund unwanted insurance

ALEX BURKE  |  THURSDAY, 29 OCT 2015
... designed to do, in order to ensure that customers don't pay for something they don't need," said ASIC deputy chair Peter Kell. "In this case, Westpac customers may have been paying for insurance cover they did not need, either because it covered risks ...

Property spruiker banned for providing unlawful advice

MARK SMITH  |  TUESDAY, 20 OCT 2015
... account of their individual financial circumstances. Some suffered financial loss as a consequence." ASIC deputy chairman Peter Kell said: "Property spruikers who recommend people invest in property via SMSFs, or facilitate such an investment, and who ...

CBA refunds $7.6 million to 8400 customers

DARREN SNYDER  |  MONDAY, 19 OCT 2015
... remediation process to ensure an accurate calculation of refunds, and refund all affected customers. ASIC deputy chairman Peter Kell said identifying and reporting breaches is a key obligation for financial services licensees. "Where errors occur, it ...

ASIC bans former Westpac-aligned adviser

ALEX BURKE  |  FRIDAY, 16 OCT 2015
... authorisation. "The investing public needs to be able to trust those who provide financial services," said ASIC deputy chair Peter Kell. "ASIC will act to ensure advisers who flout the law and who disregard their legal obligations are removed from the ...

ASIC hits advice firm with more licence conditions

ALEX BURKE  |  FRIDAY, 2 OCT 2015
... deficiencies in licensee guidance and supervision can lead to systemic misconduct by advisers," said ASIC deputy chair Peter Kell. ASIC's statement concluded by acknowledging "the cooperation of TFSA to date in taking steps to acknowledge ASIC's concerns ...

ASIC bans ex-Genesys adviser

ALEX BURKE  |  THURSDAY, 1 OCT 2015
... seeking life insurance can be confident that their adviser will provide appropriate advice," said ASIC deputy chair Peter Kell. Up until his banning, Zelka worked for NEO Financial Solutions. Another NEO adviser, Alfie Chong, who formerly with NAB-aligned ...

Direct investment options are not SMSFs

DARREN SNYDER  |  FRIDAY, 18 SEP 2015
... a warning to superannuation trustees A by the Australian Securities and Investments Commission (ASIC). Commissioner Peter Kell said occasionally the promotion of member-direct or self-managed investment options gave the impression members were provided ...

ASIC warns super trustees

DARREN SNYDER  |  TUESDAY, 15 SEP 2015
... superannuation trustees about the promotion of member direct or self-managed investment options. ASIC commissioner Peter Kell said that occasionally the promotion of self-managed investment options gave the impression members were provided the same level ...

Former Madison FG adviser banned

ALEX BURKE  |  TUESDAY, 8 SEP 2015
... "Mr Kolody's conduct demonstrates a clear failure to protect the interests of his clients," said ASIC deputy chair Peter Kell. "Financial advisers must provide appropriate advice, and they must keep adequate records that set out the basis on which the ...