Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 2101 - 2110 of 3919 results for "law"

Life code needs work: ASIC

ALEX BURKE  |  THURSDAY, 30 MAR 2017
The Life Insurance Code of Practice should be expanded, according to ASIC deputy chair Peter Kell. Speaking on a panel at the 2017 Financial Services Council Life Insurance Conference in Sydney, Kell said that there is still "an enormous amount to be ...

Gross and PIMCO settle dispute

EMMA RAPAPORT  |  TUESDAY, 28 MAR 2017
Star bond manager Bill Gross has settled a law suit with former employer PIMCO, ending a 15-month legal battle. Gross, 72, sued PIMCO for $US200 million following his abrupt departure from the firm in 2014, claiming that he was forced out so colleagues ...

ASIC cancels AFSL licences

EMMA RAPAPORT  |  MONDAY, 27 MAR 2017
ASIC cancelled the Australian financial services licenses of two financial services companies for failure to comply with a number of key obligations. Rebate Financial Services, a Melbourne-based licensed securities dealer, and Capstone Capital, a Perth-based ...

First Super appoints director

JAMIE WILLIAMSON  |  MONDAY, 27 MAR 2017
... Martin Lewis. Prior to her current role, Gilbert has served as an employment counsel/policy manager at AMP, and worked at law firms King & Wood Mallesons and Deacons. She is also deputy chair of the board of directors for the Kirribilli Centre. "Janet ...

Former adviser cops ASIC reprimand

JAMIE WILLIAMSON  |  FRIDAY, 24 MAR 2017
A former Macquarie Equities Limited adviser agreed to not provide financial services for four years as part of an enforceable undertaking by ASIC. The regulator determined that Anthony Wilson had failed to comply with financial services laws between ...

CommInsure cleared of medical misconduct

ALEX BURKE  |  THURSDAY, 23 MAR 2017
... culture contributing to poor claims handling practices, even if ASIC could not find any actual breaches of financial services law. ASIC found that in previous financial years, some staff at the insurer had key performance indicators which included net ...

ASIC permanently bans Queensland adviser

KARREN VERGARA  |  THURSDAY, 23 MAR 2017
... engaging in deliberate acts of dishonesty. Daniel Peter Logan, formerly of Brisbane, failed to comply with financial services law while he worked at financial planning and services firm Anne Street Partners between October 2012 and 2015, ASIC's investigation ...

Fund managers reshuffle board for $413bn merger

ALEX BURKE  |  TUESDAY, 21 MAR 2017
The new board has been selected for the historic global funds management merger announced in October last year. Following the completion of the merger between Henderson Group and Janus Capital, the new board will consist of chair Richard Gillingwater ...

Future retirement products aided by tax exclusions

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2017
... allow for deferred products to be included as a superannuation income stream, as the current definition only applies to common law income streams which are currently payable. The government has also introduced a rule by which the amount of benefit payments ...

Major ASIC project finds serious financial advice concerns

ALEX BURKE  |  FRIDAY, 17 MAR 2017
ASIC has released a report on how large financial advice firms have addressed serious conduct, compliance and customer remediation issues, revealing serious concerns about how the industry has operated over the past five years. The report is part of ...