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Showing 231 - 240 of 280 results for "Enforceable Undertaking"

APRA bans former Zurich CEO

CHRIS NICHOLLS  |  TUESDAY, 21 AUG 2007
... million, also masking non-compliance with APRA's solvency requirement. On 25 May 2005, APRA accepted an enforceable undertaking from ZAIL and ZFSA arising from two financial reinsurance transactions with General & Cologne Re Group Australia. At the time ...

Planning business gives teachers bad advice

HAMISH MADDEN  |  TUESDAY, 15 MAY 2007
... the advice they were given. The Australian Securities and Investments Commission (ASIC) also accepted an enforceable undertaking from First Capital to reimburse any client who switched back to First State Super and were worse off than if they had remained ...

FPA checklist to guide members on super switching

HAMISH MADDEN  |  TUESDAY, 20 FEB 2007
... need to call up to 35,000 clients to review super switching advice given by its planners in light of the enforceable undertaking it entered into with ASIC.

AMP FP to call 35,000 over switching advice

... advice it gave to around 35,000 clients, revised up from an earlier estimate of 7,000, as part of its enforceable undertaking (EU) entered into last year. Coinciding with the presentation of their half year results yesterday, the group has given more ...

Former Zurich CFO banned by APRA

HAMISH MADDEN  |  THURSDAY, 2 NOV 2006
... November 1999 and November 2001. On 25 May 2005 ZAIL and Zurich Financial Services Australia entered into an enforceable undertaking with APRA over their activities around two financial reinsurance transactions with General & Cologne Re Group Australia ...

AMP FP patches up the cracks

HAMISH MADDEN  |  WEDNESDAY, 30 AUG 2006
... the quality of AMP planner advice is sound. AMP FP hit the headlines on 26 July after entering into an enforceable undertaking (EU) with the Australian Securities and Investments Commission (ASIC). The EU centred around perceived shortcomings in super ...

APRA got it wrong on AXA: AAT

ALEX DUNNIN AND AAP  |  THURSDAY, 24 AUG 2006
... Superannuation Plan. A statement released by APRA said that, "While the AAT found that the actions related to an Enforceable Undertaking from the trustee did not warrant disqualifications for the individuals concerned, it did find that the trustee withheld ...

ASIC fends off non-complying share offer

Financial services watchdog ASIC has accepted an enforceable undertaking from a Captain Cook Cruises subsidiary, Fendwave, which provided unsolicited offers to prospective investors using documents that contravened the Corporations Act. ASIC has investigated ...

ASIC defends AMP FP action

KATE HAGE  |  THURSDAY, 3 AUG 2006
... Jeffrey Lucy, defended the regulator's decision to avoid a court action in preference of handing out an enforceable undertaking to AMP Financial Planning yesterday, flagging an increased use of such procedures in the future. "You need to ask what's the ...

AMP caught on conflicts

KATE HAGE  |  THURSDAY, 27 JUL 2006
... shopping exercise threw the whole advice industry into turmoil, AMPFP has agreed to give the regulator an enforceable undertaking after the Australian Securities and Investments Commission (ASIC) found that in almost half of the cases reviewed planners ...