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Showing 1541 - 1550 of 6079 results for "Commission"

Labor supports FASEA extension, confusion remains

ELIZABETH MCARTHUR  |  MONDAY, 28 OCT 2019
... delays to the FASEA deadlines. The spokesperson said while Labor feels the government has been slow to implement Royal Commission recommendations; it is sympathetic to how difficult it will be for many advisers to meet the deadlines while running small ...

ASIC bans former Fitzpatricks employee

ELIZA BAVIN  |  MONDAY, 28 OCT 2019
... banned from providing financial services after stealing close to $300,000. The Australian Securities and Investments Commission said Emma Maree Radke provided administration services from a company related to Fitzpatricks from 2011 to 2018. ASIC said ...

ASIC imposes AFSL conditions on IOOF

JAMIE WILLIAMSON  |  MONDAY, 28 OCT 2019
The corporate regulator has imposed additional licence conditions on IOOF Investment Services to improve conflicts management. According to ASIC, IOOF Investments Services Limited (IISL) sought a variation of its licence in order to transfer a managed ...

Berkshire to chase growth for InvestSMART

KANIKA SOOD  |  FRIDAY, 25 OCT 2019
The ASX-listed financial services business has hired Berkshire Global Advisors to look for growth options as its revenue from grandfathered commissions starts to dry up. Commissions on funds and insurance products accounted for more than 56% of InvestSMART's ...

Senior lawyer drags AMP to court

KANIKA SOOD  |  THURSDAY, 24 OCT 2019
... practices with its former top executives. Larissa Baker Cook was involved in AMP's legal preparation for the Royal Commission, its work for ASIC enforcement notices and handling advice complaints and insurance claims at different points in time. ...

Growing advice group in commissions fight

ELIZABETH MCARTHUR  |  THURSDAY, 24 OCT 2019
... said. "It is the institutions such as banks and aligned life companies that have pushed the agenda to remove trail commission and lower life insurance commissions paid to advisers, while at the same time increasing fees and costs to consumers, despite ...

Westpac takes $1 billion profit hit

ELIZA BAVIN  |  THURSDAY, 24 OCT 2019
... Westpac is the last of the big four to announce further customer remediation costs following the fallout from the Royal Commission. ANZ saw remediation costs breaking $1 billion, while National Australia Bank added an extra $1.18 billion bringing its ...

AustralianSuper appoints group executives

KANIKA SOOD  |  WEDNESDAY, 23 OCT 2019
... He was most recently the group executive, strategy brand and reputation and led the fund's response to the royal commission. He started with the fund in 2007 when he was appointed its general manager of business development when he was the Finance ...

AFA calls for clarity on ethics code

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 OCT 2019
The Association of Financial Advisers (AFA) has called for more clarification and key changes on the Financial Adviser Standards and Ethics Authority code of the ethics. FASEA released its first guidance on the code, which will come into effect next ...

SMSF scheme sees creator jailed

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
A 51-year-old was found to have unlawfully created, operated and benefitted from a fraudulent self-managed superannuation fund. Kent Nguyen was sentence to three years in prison after pleading guilty to orchestrating an illegal early release of a superannuation ...