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Showing 231 - 240 of 471 results for "ASIC Commissioner"

Former adviser cops 10-year prison sentence

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2019
... and deliberately breached his clients' trust. ASIC welcomes the sentencing decision handed down today," ASIC Commissioner Sean Hughes said. Nakhl is a former representative of Australian Financial Services Limited which has since gone into liquidation. ...

Banks, ASIC still at war over fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 12 MAR 2019
... mentioned the wealth manager had so far not proposed methodologies for advisers who had already left the business. ASIC commissioner Danielle Press said Australia's financial institutions had taken too long to conduct further reviews into their fees-for-no-service ...

ASIC scolds banks over fee-for-no-service delays

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... Australia's largest financial institutions - AMP, ANZ, Commonwealth Bank, Macquarie, NAB and Westpac. According to ASIC commissioner Danielle Press, the institutions have taken too long to conduct further reviews of their fee-for-no-service issues. Press ...

Accountant banned for bad SMSF advice

HARRISON WORLEY  |  TUESDAY, 19 FEB 2019
... clients, she had effectively recommended the services of a related party so as to earn extra revenue for herself. ASIC Commissioner Danielle Press said financial advisers had a legal obligation to provide advice in the best interests of their clients ...

ASIC terminates managed accounts provider AFSL

KARREN VERGARA  |  FRIDAY, 1 FEB 2019
... terminate its existing client arrangements. The firm and Clinnick have the right to appeal ASIC's decision. ASIC commissioner Danielle Press warned all consumers considering MDAs to evaluate the risks and benefits of an MDA. "Consumers should ensure ...

Australia Day honours recognise industry stalwarts

JAMIE WILLIAMSON  |  TUESDAY, 29 JAN 2019
... billion superannuation fund; the managing director of Australia's largest fund administrator; and a former ASIC commissioner. Former Principal Global Investors chair David Hoare was awarded a Companion (AC) in the General Division of the Order of ...

ASIC bans former NAB, CBA advisers

JAMIE WILLIAMSON  |  THURSDAY, 24 JAN 2019
... critical role to play in helping consumers make confident and informed decisions about financial products," ASIC commissioner Danielle Press said. "They have an obligation to act in the best interests of their clients when providing advice and must adhere ...

AFSL to begin independent review

DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
... and whether any further action is necessary." The expert will then report to both ASIC and Kaz in June 2019. ASIC Commissioner Cathie Armour said: "Licensees must have an adequate and appropriate compliance framework to govern the monitoring and supervision ...

Complainants most satisfied with life insurers

KARREN VERGARA  |  TUESDAY, 11 DEC 2018
... dispute resolution system, IDR plays a vitally important role in Australia's consumer protection framework, ASIC commissioner Danielle Press said. "Consumers and small businesses should have access to transparent, fair and timely complaints processes. ...

ASIC funding numbers released

HARRISON WORLEY  |  THURSDAY, 6 DEC 2018
... management industry is responsible for recovering $236.6 million of the regulator's costs in the last financial year. ASIC commissioner Cathie Armour said the system was designed to ensure a fairness and efficient financial system. "We have been working ...