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Showing 11 - 20 of 23 results for %22Anti hawking%22

Rice Warner weighs in on Your Future, Your Super

KARREN VERGARA  |  THURSDAY, 14 JAN 2021
... funds will likely position themselves favourably to these potential members but will need to be careful they don't breach anti-hawking legislation. Rice Warner suggested trustees be exempt from such regulation given that the performance test will ...

RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
... nature of a discussion or conversation". Case studies such as ClearView from the Royal Commission found that the existing anti-hawking provisions do not effectively protect consumers from harm, and exposed the widespread practice of selling super and ...

Industry bodies work to ease regulatory burdens

ELIZABETH MCARTHUR  |  FRIDAY, 3 APR 2020
... will be some tight rules around it. It'll be restricted to this particular package and there's likely to be rules around anti-hawking for starters," Marshan said. SMSF Association policy manager Franco Morelli said the provision of strategic advice is ...

Super scammers pose as authorities

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
... scammer for his AFSL number. "He literally could not repeat back AFSL to me," Craggs said. "I said do you understand the anti-hawking provisions? Nothing. And I went, 'Mate what you're doing is illegal. You're not allowed to do this'. "Forget about legalities ...

ASIC bans direct life cold calling

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
... million to 16,000 customers. During ClearView's appearance at the Royal Commission, it was revealed that the firm breached anti-hawking laws more than 300,000 times. When the period of consultation opened in July, ASIC said it was "only fair that consumers ...

CommInsure charged over hawking

HARRISON WORLEY  |  FRIDAY, 4 OCT 2019
... of an investigation by the Australian Securities and Investments Commission (ASIC)," CBA said. "CMLA reported breaches of anti-hawking provisions to ASIC." The case will be first mentioned on November 19 at the Downing Centre Local Court in Sydney. CommInsure ...

ASIC clamps down on poor advice, grandfathered commissions

KARREN VERGARA  |  WEDNESDAY, 28 AUG 2019
... the proposed conduct accountability regime, single default account, advice fee deductions from superannuation accounts and anti-hawking prohibitions.

Clearview overhauls life insurance premiums

KARREN VERGARA  |  WEDNESDAY, 20 FEB 2019
... his final recommendations that the hawking of insurance products should be prohibited. He observed that the "watered-down anti-hawking requirement has seen unsolicited selling take place within structures and systems which do not ensure compliance with ...

Harder for insurers to dodge claims

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... like for superannuation products. In September, ClearView admitted it's direct life insurance business had breached the anti-hawking law more than 300,000 times, at the RC public hearings. Stronger codes of practices Another key recommendation is ...

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... sales, after a Deloitte-led strategic review found new sales of its life products were no longer viable. ClearView breached anti-hawking law 300k times Days earlier, the Royal Commission heard ClearView's direct life insurance business breached anti-hawking ...