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Showing 11 - 20 of 54 results for "Hawking"

Unlawful hawking practices re-emerge in SMSFs

MATTHEW WAI  |  TUESDAY, 11 MAR 2025
SMSF Association (SMSFA) chief executive Peter Burgess has called out recent hawking practices that prompt people to transfer their retirement savings into a self-managed super fund (SMSF). Burgess said the sector needs to be on alert about the resurgence ...

Treasury gives Tranche 2 reform package preview

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... advisers as a means of offering more affordable, simple advice to more clients or the children of clients. The existing anti-hawking provisions apply, and they will be limited to only dealing with customers who initiate the engagement. What is yet to ...

Advisers call for apology from Super Members Council

JAMIE WILLIAMSON  |  FRIDAY, 14 JUN 2024
... recent remarks about "dodgy financial advisers." Earlier this week, the Super Members Council (SMC) renewed calls for anti-hawking legislation to be extended to stop financial advisers using third parties to cold call consumers to elicit business or ...

Super Members Council renews calls for anti-hawking extension

JAMIE WILLIAMSON  |  THURSDAY, 13 JUN 2024
The Super Members Council (SMC) has revived its predecessor's calls to extend anti-hawking legislation, slamming a sub-set of financial advisers using social media posts and cold calling to drum up business. Prior to its merger, the Australian Institute ...

ASIC clamps down on advisers, trustees cold calling

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
... advocated for the banning of advice firms using third parties to solicit business via cold calling, and for current anti-hawking laws to cover cold-calling advisers who charge up to $6000 to roll members into an inappropriate fund. The government allows ...

Advice reforms can solve retirement income challenges

KARREN VERGARA  |  FRIDAY, 9 FEB 2024
... approaching or already in retirement to products that can help with their retirement income needs without falling fowl of anti-hawking laws. Tim Jenkins, the chair of the institute's superannuation and investments practice committee, said beyond ...

Life, funeral insurers cop $14m fine

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
The disgraced director of Select AFSL, the company the Hayne Royal Commission exposed for hawking life and funeral insurance to vulnerable customers, has been banned from managing a company for five years, while his companies were fined $13.5 million. ...

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
An academic has raised concerns about the impact anti-hawking laws will have on superannuation funds' ability to provide financial advice amid the federal government's proposal to open advice to other channels. Anthony Asher, an associate professor ...

UK to ban cold calling on all financial products

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
... schemes. In 2020, ASIC introduced a ban on the use of cold calling to sell direct life insurance. Meanwhile, in 2021 anti-hawking legislation was introduced. Earlier this year, the Australian Institute of Superannuation Trustees (AIST) called out advice ...

Advice group convicted of hawking

JAMIE WILLIAMSON  |  WEDNESDAY, 22 FEB 2023
... that, on Monday the Southport Magistrates Court convicted the firm after it pleaded guilty to one count of breaching anti-hawking laws. It was alleged that between August 2019 and June 2020 the company made unsolicited calls to consumers to encourage ...