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Showing 191 - 200 of 350 results for "Investigations"

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 ...

Westpac off the hook in BBSW scandal

KANIKA SOOD  |  FRIDAY, 25 MAY 2018
... Paribas and the Royal Bank of Scotland in 2014. Westpac is the last of the Big Four to face the court on ASIC's BBSW investigations. Earlier this month, CBA copped $25 million and agreed to enter an enforceable undertaking with ASIC, in a settlement ...

BBSW methodology restores trust

DARREN SNYDER  |  TUESDAY, 22 MAY 2018
... by trading during this time, the joint statement said. Commonwealth Bank, NAB and ANZ have all been fined over investigations of the alleged practice of intending to create an artificial price for bank bills.