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

Search Results

Showing 131 - 140 of 267 results for "Peter Kell"

ASIC bans NAB-aligned adviser

DARREN SNYDER  |  TUESDAY, 15 DEC 2015
... clients ahead of his own when he knew there was a conflict between his and the clients' interests. ASIC deputy chair Peter Kell said financial advisers must put their clients' interests ahead of their own. "Super switching that provides little benefit ...

TAL Direct business penalised for advertising

ALEX BURKE  |  WEDNESDAY, 2 DEC 2015
... Promoted benefits of a product must be consistent with what the product will in practice provide." said ASIC deputy chair Peter Kell. Direct income protection insurance can be sold through advisers and some superannuation funds, but due to increasing ...

CBA refunds $80m for failing to apply discounts

LAURA MILLAN  |  WEDNESDAY, 25 NOV 2015
... processes to apply discounts, waivers and other concessions involve inherent compliance risks," ASIC deputy chairman Peter Kell said.

ANZ pays $13m to saver customers

ALEX BURKE  |  THURSDAY, 12 NOV 2015
... returned to the position they would have held if it were not for the breach occurring at all," said ASIC deputy chair Peter Kell. PSA holders will be issued letters informing them of the current situation.

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 ...