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Showing 141 - 150 of 594 results for "Misconduct"

AMP sued for charging dead clients

JAMIE WILLIAMSON  |  THURSDAY, 27 MAY 2021
... the period in question. A further $100,000 was deducted in advice fees, with $75,000 received during the period. The misconduct was first revealed by the Hayne Royal Commission in 2018, where it was made public that staff were aware deceased client accounts ...

ASIC bans Theta managing director

KARREN VERGARA  |  MONDAY, 17 MAY 2021
... years from the financial services industry. The banning order for Robert Patrick Marie comes after several instances of misconduct relating to Theta, the responsible entity of the Sterling Income Trust (SIT), which ASIC commenced civil penalty proceedings ...

Adviser faced with further dishonesty charges

ANNABELLE DICKSON  |  MONDAY, 3 MAY 2021
... by two of Australia's largest licensees, Synchron (2016-2018) and AMP (2013-2016). ASIC was first alerted to the misconduct after AustralianSuper submitted a report in July 2019 over concerns Goel had submitted numerous applications for the release ...

Managed funds coped with COVID-19: ASIC

ELIZABETH MCARTHUR  |  FRIDAY, 30 APR 2021
... continue to monitor liquidity management by responsible entities and may take compliance or other action where we find misconduct."

Advisers to go forth with claims handling

ANNABELLE DICKSON  |  MONDAY, 26 APR 2021
... is seeking stakeholder feedback on updates to draft guidance on breach reporting reforms that aim to reduce industry misconduct. ASIC's draft guidance is also based on reforms made to the breach reporting regime under the Financial Sector Reform ...

ASIC opens breach reporting consultation

ANNABELLE DICKSON  |  THURSDAY, 22 APR 2021
... is seeking stakeholder feedback on updates to draft guidance on breach reporting reforms that aim to reduce industry misconduct. ASIC's draft guidance is based on reforms made to the breach reporting regime under the F inancial Sector Reform (Hayne Royal ...

Government opens consultation on key advice reforms

JAMIE WILLIAMSON  |  MONDAY, 19 APR 2021
... oversight of financial advisers, while at the same time strengthening that oversight to ensure that advisers engaged in misconduct are appropriately disciplined under one system," minister for financial services and superannuation Jane Hume said. The ...

Delay breach reporting law: AFA

KARREN VERGARA  |  FRIDAY, 16 APR 2021
... order to help protect consumers, AFSL holders must follow breach-reporting regulations when representatives engage in misconduct. Hayne recommended that significant breaches and investigations relating to suspected breaches must be reported within 30 ...

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
... popping up to assist consumers in getting refunds for fee for no service financial advice, junk insurance and other misconduct exposed by the Royal Commission - but they are doing it for a fee. Remediator is one such service, launching just last year. ...

Pahari's pay packet revealed

ELIZA BAVIN  |  THURSDAY, 11 MAR 2021
... completed and while it pleasingly found that AMP does not have a systemic issue with regard to sexual harassment or misconduct in our workplace, it has identified some key improvement areas to meet global best practice standards," Hazelton said. AMP ...