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Showing 381 - 390 of 891 results for "Banned"

Former Financial Wisdom adviser banned

KARREN VERGARA  |  THURSDAY, 21 MAR 2019
ASIC permanently banned a former Financial Wisdom financial adviser from working in financial services. Anneliese Ada Willmott was an authorised representative of CBA subsidiary Financial Wisdom from 12 November 2015 until 10 August 2017. Financial ...

Former adviser cops 10-year prison sentence

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2019
... about $7.7 million was frozen. In September 2013, Nakhl filed for bankruptcy. The following November he was permanently banned from providing financial services and prohibited from managing a company until 2028.

Sole purpose test divides industry

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... discount card at the former retail behemoth. The scheme attracted the attention of both APRA and the ATO, and was subsequently banned in 2002 for being inconsistent with the sole purpose test. "This [Coles Myer offer] was quite topical at the time and ...

Grandfathered commissions ban splits industry: Poll

KARREN VERGARA  |  MONDAY, 25 FEB 2019
... for maintaining the grandfathering provisions." Treasurer Josh Frydenberg reaffirmed grandfathered commissions will be banned as of 1 January 2021. To ensure the benefits of industry renegotiating current arrangements to remove grandfathered remuneration ...

Chief economist update: Nerves of steel

BENJAMIN ONG  |  FRIDAY, 22 FEB 2019
... the RBA to cut only one (ehem, ehem) - but recent news that China's starting a trade war with Australia - it's "banned imports of Australian coal and will cap overall coal imports for 2019 at 12M tonne" (Factset) - makes me lean in favour of ...

Group insurance reforms to be tabled

JAMIE WILLIAMSON  |  WEDNESDAY, 20 FEB 2019
... specifically opt out of paying for life insurance remains. Other reforms passed recently will see the charging of exit fees banned and excessive fees on certain accounts capped. This would benefit about 7.2 million individuals, Robert said. "With 15 ...

Accountant banned for bad SMSF advice

HARRISON WORLEY  |  TUESDAY, 19 FEB 2019
A Gold Coast accountant has been banned from providing financial services for three years, after agreeing to a court enforceable undertaking with ASIC. Jenan Oslem Thorne - who also goes by the names Cenan Thorne or Cenan Dikmen - was found by the corporate ...

IOOF braces for new super package, grandfathered commissions changes

KARREN VERGARA  |  TUESDAY, 19 FEB 2019
... administration and investment fees to 3% of account balances with less than $6000. In terms of grandfathered commissions due to be banned from 1 January 2021, as proposed by Commissioner Kenneth Hayne, this will have a $7 million impact on profit, Mota ...

Netwealth to benefit from RC fallout

HARRISON WORLEY  |  MONDAY, 18 FEB 2019
... could be expected to perform even better off the back of the Royal Commission. With grandfathered commissions set to be banned following Commissioner Kenneth Hayne's recommendation, Netwealth said it expects some of the $189 billion in funds under ...

Government moves on Royal Commission super recommendations

HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
... to include recommendations made in the Royal Commission's final report. Superannuation fund trustees are set to be banned from treating employers in efforts to be selected as their default superannuation fund; with the Government acting on Commissioner ...