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Showing 21 - 30 of 100 results for "ASIC deputy chair Peter Kell"

ASIC slaps fines on Spaceship and its trustee

KANIKA SOOD  |  TUESDAY, 10 APR 2018
... decisions; particularly in this case given the Spaceship Fund was specifically targeting young investors," ASIC deputy chair Peter Kell said. In October, Spaceship GrowthX shuffled its investment mix to place 50% of the fund's assets under management ...

Government reappoints ASIC executives, creates new role

KANIKA SOOD  |  MONDAY, 19 MAR 2018
... for a second deputy chair. Federal Minister for Revenue and Financial Services Kelly O'Dwyer said ASIC deputy chair Peter Kell and commissioner John Price will remain at ASIC for one and two years, respectively. The reappointments come ahead of expected ...

Court fines advice firm $7.8m

KARREN VERGARA  |  FRIDAY, 9 FEB 2018
... often resulted in a substantial erosion of the client's superannuation balances, the court said. ASIC deputy chair Peter Kell said the breaches were the result of poor conduct. "This is a significant outcome in a case where a financial services business ...

ClearView issues refunds over life sales misconduct

JAMIE WILLIAMSON  |  TUESDAY, 6 FEB 2018
... Insurers should properly supervise their sales staff and ensure that no misconduct is occurring," ASIC deputy chair Peter Kell said. The review is part of the regulator's Indigenous Outreach Program. Separately, ClearView has launched an online payment ...

Life insurer definitions clashing: Regulators

KARREN VERGARA  |  TUESDAY, 14 NOV 2017
... policy terms and insurers can and do legitimately decline such claims. Commenting on the findings, ASIC deputy chair Peter Kell said the analysis of this initial data reinforces the findings of ASIC's Report 498 - that over 90% of life insurance claims ...

Forgery sees former NAB adviser sentenced

JAMIE WILLIAMSON  |  FRIDAY, 27 OCT 2017
... Thompson was banned from providing financial services for seven years by the corporate regulator, with ASIC deputy chair Peter Kell saying at the time that the action should serve as a lesson to any advisers committing brazen misconduct. Commenting on ...

ASIC adds life insurance to school curriculums

KARREN VERGARA AND JAMIE WILLIAMSON  |  THURSDAY, 28 SEP 2017
... state and territory governments to train teachers and update classroom materials around Australia, ASIC deputy chair Peter Kell told the recent life insurance Parliamentary Joint Committee on Corporations and Financial Services. There tends to be a focus ...

CBA chief executive will stand down

EMMA RAPAPORT  |  MONDAY, 14 AUG 2017
... Protection CCI taken out with a Commonwealth Bank home loan, resulting in the over-charging of premiums. ASIC deputy chair Peter Kell said it was unacceptable that customers were sold insurance that did not meet their needs. "One of ASIC's priorities ...

Disengaged members vulnerable in super

EMMA RAPAPORT  |  MONDAY, 3 JUL 2017
... required to ensure consumers can continue to have confidence in a compulsory superannuation system." ASIC deputy chair Peter Kell has pledged to follow-up actions with funds about the issue of defaults, adding: "Inappropriate defaults can be adverse ...

Regulator bans adviser for seven years

JAMIE WILLIAMSON  |  FRIDAY, 23 JUN 2017
... information. At the time of the offences Gunner was a representative of GuardianFP. Commenting on the ban, ASIC deputy chair Peter Kell said: "ASIC is determined to ban financial advisers who deliberately breach the law from the financial services industry." ...