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

Search Results

Showing 371 - 380 of 891 results for "Banned"

Challenging conditions sting IOOF

HARRISON WORLEY  |  FRIDAY, 3 MAY 2019
... said. The firm expects revenue impacts of around $8 million in financial year 2020, after the Protecting Your Super Package banned exit fees and made changes to inactive low balance accounts.

ASIC bans AFSL chief executives

ELIZABETH MCARTHUR  |  MONDAY, 29 APR 2019
ASIC banned two joint chief executives from providing financial services for six years following an investigation. Jeffrey Worboys and Matthew Barnett were joint chief executives of Australian Mutual Holdings - an AFSL holder and responsible entity ...

ASIC appoints receiver for derivatives issuer

ELIZABETH MCARTHUR  |  FRIDAY, 26 APR 2019
... the financial affairs of Berndale." Stavro D'Amore was the group chief executive of Berndale Capital Securities, who ASIC banned from providing financial services for a period of six years in November last year. It said at the time that D'Amore was involved ...

Former NAB adviser charged

JAMIE WILLIAMSON  |  TUESDAY, 23 APR 2019
... was a representative of Anne Street Partners Financial Services from August 2009 to December 2016. Eung was permanently banned in June 2018 when ASIC found he had created false bank accounts in the names of clients; falsified documents to open said accounts ...

ASIC bans Gold Coast adviser

ELIZABETH MCARTHUR  |  TUESDAY, 23 APR 2019
ASIC has banned a Gold Coast financial adviser from providing financial services for six years. ASIC found that Rodney Peters represented to clients that he had authority to engage in discretionary trading when this was not the case. Peters was previously ...

Former Dover, Securitor adviser banned

ELIZABETH MCARTHUR  |  THURSDAY, 18 APR 2019
An adviser formerly licenced by Dover Financial Advisers has been banned for failing to provide advice in the best interest of clients. Peter Anthony Chigwidden has been banned for five years following an ASIC investigation. Chigwidden licensed by Dover ...

Former Millennium3 adviser banned

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
A former Millennium3 and Beacon Financial Group adviser was banned by ASIC for failing to act in the best interests of clients by recommending insurance with unaffordable premiums. Gregory Forster received a five year ban for failing to take into account ...

Government bans superannuation funds treating employers

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
... fund. Discounts, allowances, rebates or credits in providing goods or services to the employer or their associates are also banned. Additionally, trustees cannot influence employers to encourage their employees to nominate the fund as their choice of ...

MP slams prolonged grandfathered commissions carve out

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... don't own any of those adviser groups anymore." ANZ, which is in the process of selling its adviser group to IOOF, banned all grandfathered commissions paid to salaried advisers from 1 April 2019. In the lead up to legislating FoFA to protect consumers ...

ClearView defends risk advice commissions

KARREN VERGARA  |  TUESDAY, 26 MAR 2019
... Lists - will sufficiently address the industry's conflicts. ClearView wants the APLs of life insurance products to be banned and for financial advisers to access 10 or so APRA-regulated retail life insurers. "APLs are not recognised by law. They ...