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Showing 181 - 190 of 342 results for "Investigations"

APRA grilled over superannuation

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... find out more details about the issue. But I'm just wary of your word "investigate", in the sense of formal investigations under the Act are one thing. Making inquiries are another thing. We would make further inquiries, yes. Unfortunately, these ...

Royal Commission: ASIC rethinks negotiation tactics

KARREN VERGARA  |  FRIDAY, 23 NOV 2018
... financial misconduct and in hindsight should have run remediation programs in parallel with tougher enforcement investigations. Since July 2011, ASIC has negotiated customer remediation programs on 20 occasions. Last year, 10 community benefits were ...

An insight into AFCA workload

DARREN SNYDER  |  TUESDAY, 30 OCT 2018
... complaints that remain open with us, and will continue communicating with trustees, insurers and complainants as our investigations progress," Davis said. Of the 512 complaints resolved in Q3 2018, about one-quarter (24.4%) were for death benefit distribution. ...

Former Australian cricket captain in crypto fail

JAMIE WILLIAMSON  |  TUESDAY, 23 OCT 2018
... ICOs and issued a final stop order on a PDS issued by Investors Exchange for units in the New Dawn Fund. In its investigations, problems consistently identified by ASIC included the use of misleading or deceptive statements in sales and marketing materials ...

TAL refutes duty of good faith breaches

HARRISON WORLEY  |  THURSDAY, 4 OCT 2018
... according to the group insurer is therefore not a breach of its duty of utmost good faith. It added the approach to investigations was the process adopted throughout the industry at the relevant time, adding it was a fact van Eeden was not challenged ...

Dishonest advice fees dent Westpac earnings

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... responding to the Royal Commission. Westpac said the remediation programs will continue into 2019 due to ongoing investigations into wrongfully charged advice fees. Westpac is expected to release its full-year results on November 5 and, despite the additional ...

MLC, NULIS in court over $100m in illegitimate fees

JAMIE WILLIAMSON  |  THURSDAY, 6 SEP 2018
... our regulators and will work with ASIC on these matters." The Federal Court action is part of ASIC's ongoing investigations into fee for no service failures in the financial services industry. Overall, remediation for impacted customers is expected ...

Direct life insurance failing consumers: ASIC

KARREN VERGARA  |  THURSDAY, 30 AUG 2018
... warned insurers ASIC will use its regulatory tools to address "failures" in the segment and several are currently investigations underway. "ASIC is also announcing today that we intend to restrict outbound sales of life and funeral insurance, in order ...

ASIC admits AMP inaction

JAMIE WILLIAMSON  |  FRIDAY, 22 JUN 2018
... the regulator has been investigating for some time now. Acknowledging sensitivities around commenting on ongoing investigations, Shipton said: "What I will say is that those matters identified by way of AMP testimony at the Royal Commission was known ...

ASIC looks into Melbourne planning firm

HARRISON WORLEY  |  THURSDAY, 7 JUN 2018
... the recommendations were implemented successfully by the firm. ASIC added the representative at the centre of the investigations into Allied was the only external authorised representative, and is no longer with the firm. The review follows ASIC banning ...