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Showing 1551 - 1560 of 6079 results for "Commission"

Whistleblower calls out approved product lies

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... "Heavily restricted life insurance APLs are still the norm and not even heat from the recent Financial Services Royal Commission has been enough to compel them to apply higher standards and put their clients first," Morris said. ClearView managing director ...

Superannuation gets a classroom

ELIZABETH MCARTHUR  |  TUESDAY, 22 OCT 2019
... in super stolen from them every year by employers. Statwide chief executive Tony D'Alessandro said: "The Royal Commission into the Banking and Financial Services sector reminded us that we need to get people to engage with their superannuation to ...

Colonial First State hit with second class action in less than a week

ELIZA BAVIN  |  MONDAY, 21 OCT 2019
... commissions to financial advisers who were not required to provide any ongoing services to members." "The Banking Royal Commission revealed that since 2013, CFS paid financial advisers or the licensees they worked for over $400 million in commissions ...

Dealer group shuts after advisers depart

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
... that it would be hard to restock the team given the new education requirements and decided to close. "With the Royal Commission announcements and new FASEA standards starting, we knew that it would be difficult to find good quality advisers who shared ...

ASIC nudges robo-adviser to shutter

ELIZABETH MCARTHUR  |  FRIDAY, 18 OCT 2019
A digital advice firm has voluntarily shut down two robo-advice tools after ASIC raised concerns. Lime FS, a Sydney-based Australian financial services licensee, was running corporate authorised representatives Plenty Wealth, Plenty Plus and Lime Wealth ...

TPD riddled with issues: ASIC

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
An ASIC review has found significant industry-wide problems with the design of total and permanent disability insurance and the claims handling process. The regulator said the problems means the over millions of Australian workers who pay for the cover ...

Retail fund faces class action on MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... needs, not their own." The conduct that is the subject of this case was a case study in the Financial Services Royal Commission. A lead plaintiff for the case, Lesley Coatman, said: "It's clear from both the Royal Commission and from the case Maurice ...

ASIC using intimidation tactics on grandfathering: AIOFP

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
ASIC is using intimidation tactics to get product providers to shut down grandfathered commissions early, according to the Association of Independently Owned Financial Professionals (AIOFP). Speaking to Financial Standard, AIOFP executive director Peter ...

Grandfathered commissions ban passes

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
... payments. FSC chief executive Sally Loane said: "It is encouraging to see the government acting promptly on the Royal Commission implementation roadmap and delivering on Recommendation 2.4, which is expected to benefit Australian consumers." The law ...

No one reads the PDS: ASIC

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
... choose a super fund outside the default safety net, but when they do, they are often worse off - as the Productivity Commission research clearly showed," Scheerlinck said. "While meaningful disclosure has a role to play, particularly for industry stakeholders ...