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

Search Results

Showing 11 - 20 of 263 results for "Peter Kell"

Insurance in super code weak: ASIC

KARREN VERGARA  |  MONDAY, 10 SEP 2018
... properly resourced code administrator with appropriate coverage across the industry," ASIC said. ASIC deputy chair Peter Kell said that while some improvements have been made by trustees, there is "considerable work to do to raise standards in the areas ...

Reverse mortgage lenders shortsighted: ASIC

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
... and interest rates, they may not have enough equity remaining in the home for longer-term needs. ASIC deputy chair Peter Kell said the review shows lenders and brokers need to make inquiries that would lead to a genuine conversation with customers about ...

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
ASIC's favourite method of tackling misconduct came under fire as the Royal Commission capped off its round of superannuation hearings on Friday. First up was Tim Mullaly, a senior executive leader in ASIC's financial services enforcement division. ...

Macquarie axes grandfathered commissions

JAMIE WILLIAMSON  |  WEDNESDAY, 4 JUL 2018
... possible extent." More recently, fronting the House of Representatives Standing Committee on Economics, ASIC deputy chair Peter Kell said the regulator has not had a chance to consider an actual timeframe for phasing grandfathered commissions out.

ASIC slams SMSF advice, flags further education reform

JAMIE WILLIAMSON  |  FRIDAY, 29 JUN 2018
... demonstrates that a lot of people are establishing SMSFs without knowing whether it's the best option, ASIC deputy chair Peter Kell said. Additional market research conducted by ASIC found many consumers that had set up an SMSF do not understand the ...

Aussie asset manager cops ASIC intervention

HARRISON WORLEY  |  WEDNESDAY, 27 JUN 2018
... her actions were facilitated by the various senior and conflicting positions she held at the time. ASIC commissioner Peter Kell said the regulator was committed to ensuring the separation and security of fund assets. "The additional conditions imposed ...

ASIC admits AMP inaction

JAMIE WILLIAMSON  |  FRIDAY, 22 JUN 2018
... breaches and attempts to mislead, including the mischaracterisation of the report as independent. ASIC deputy chair Peter Kell said confirming or suggesting that the law had been broken by individuals was "going a little too far for us." "I think there's ...

Life insurance data improving: Regulators

HARRISON WORLEY  |  FRIDAY, 25 MAY 2018
... industry and insurer-specific data to improve the transparency of life insurance claims practices. ASIC deputy chair Peter Kell commented that previous life insurance data was of low reliability, and as such the new regime was required improve the data. ...

VOFF asks Medcraft to "face the music"

ALEX BURKE  |  WEDNESDAY, 23 MAY 2018
Victims of Financial Fraud (VOFF) are calling on former ASIC chair Greg Medcraft and deputy chair Peter Kell to answer for alleged mishandling of financial services regulation. VOFF wants Medcraft and Kell to be recalled to the Royal Commission so they ...

ASIC consults on advice code monitoring bodies

JAMIE WILLIAMSON  |  TUESDAY, 15 MAY 2018
... does not currently compel financial advisers to comply with the directions of a monitoring body. ASIC deputy chair Peter Kell said monitoring and enforcing compliance with the code of ethics is a significant responsibility that will be resource intensive ...