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Showing 381 - 390 of 721 results for "Misconduct"

Former financial adviser jailed

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUL 2019
... ask questions he'd brush things aside and say it was all going well, don't worry about it." When Madison reported the misconduct to Stevenson, she was told that the only investment in her SMSF was a Macquarie cash account with a balance of $63.66. A ...

Remembering Ron Grima

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JUL 2019
... support." Penning an article in December 2018, Grima criticised the Royal Commission for placing too much focus on misconduct in the industry and failing to recognise the real value of advice. Linking the argument to his own diagnosis in August 2018 ...

Whistleblowers given new protection

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUL 2019
From July 1, whistleblowers who report misconduct about companies and company officers have more rights and stronger protections. The Corporations Act 2001 has been updated to better protect corporate whistleblowers by requiring their confidentiality ...

Wealth management investigations spike

KANIKA SOOD  |  FRIDAY, 21 JUN 2019
... increased 129%. In the Royal Commission's final report, commissioner Kenneth Hayne recommended when ASIC identifies misconduct, its starting point should be "why not litigate?" instead of the "negotiate" tack the regulator has traditionally taken. Hayne ...

AMP loses mandate to AustralianSuper

KARREN VERGARA  |  FRIDAY, 21 JUN 2019
... are "deeply concerning to our members", particularly revelations relating to AMP's practices and seemingly systemic misconduct. "The union is, in light of these developments, seriously concerned that our members' retirement savings are being managed ...

ASIC approves AFCA rules change

ELIZABETH MCARTHUR  |  TUESDAY, 18 JUN 2019
... condition, AFCA is now required to provide access to the AFCA scheme for consumers and small businesses harmed by financial misconduct as far back as January 2008. AFCA will be able to deal with certain complaints about misconduct which it could not ...

ANZ cleared of $50m fee bungle

KANIKA SOOD  |  FRIDAY, 14 JUN 2019
ASIC has cleared ANZ of the $50 million fee-for-no-service misconduct connected to its Prime Access offering. The corporate regulator said it is satisfied by the audited attestation it received from ANZ, signed by managing director private banking and ...

AMP Super, board slapped with licence conditions

KARREN VERGARA  |  FRIDAY, 14 JUN 2019
... APRA's ongoing prudential supervision of AMP Super, along with matters that emerged during the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry," the prudential regulator said. This is the second instance ...

AMP faces super fee gouge class action

KARREN VERGARA  |  THURSDAY, 30 MAY 2019
... at the Federal Court in Melbourne today. It estimates two million accounts have been impacted by AMP's alleged misconduct, which contravened a number of statutory and/or general law obligations, the law firm said. Principal lawyer Brooke Dellavedova ...

Big four satisfaction on road to recovery

HARRISON WORLEY  |  TUESDAY, 28 MAY 2019
Around four months after Kenneth Hayne handed down his final report into misconduct in financial services, customers of the big four banks are starting to feel more satisfied. Latest Roy Morgan findings show customer satisfaction with Australia's largest ...