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

Search Results

Showing 21 - 30 of 100+ results for "Peter Kell"

Advice not yet a real profession: Kell

ALEX BURKE  |  TUESDAY, 17 APR 2018
In his statement to the Royal Commission, ASIC deputy chair Peter Kell argued financial advice is not yet a profession. Kell told Special Counsel Assisting Rowena Orr that while there are professionals in the industry, "we do not view the industry as ...

Banks put revenue above quality advice: FSU

ALEX BURKE  |  MONDAY, 16 APR 2018
... to make sure customers had been given the ongoing advice they were being charged for." Referencing ASIC deputy chair Peter Kell, who argued that banks prioritised charging high fees and short-term profits over ethical behaviour, the FSU said: "Concentrating ...

Royal Commission must cast net wider

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... February hearing of the Parliamentary Joint Committee on Corporations and Financial Services - where ASIC deputy chair Peter Kell conceded the regulator has failed to effectively monitor advice provided by industry funds for its compliance with the best ...

CBA advice failures unacceptable: Comyn

DARREN SNYDER  |  FRIDAY, 13 APR 2018
... its businesses. Comyn will provide an update on the financial advice businesses later this year. ASIC deputy chair Peter Kell said: "Our report into Fees For No Service in October 2016 identified the major financial institutions' systemic failures in ...

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 ...

ASIC co-deputy chair named

KARREN VERGARA  |  THURSDAY, 29 MAR 2018
Federal Revenue and Financial Services Minister Kelly O'Dwyer announced a legal expert will join Peter Kell as ASIC's co-deputy chair. The Federal Government nominated Daniel Crennan to the newly created position and he will work alongside Kell, who ...

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 ...

FOS submission points finger at advisers

JAMIE WILLIAMSON  |  MONDAY, 5 MAR 2018
... to take into account and respond to any emerging issues that arise during the transition period," ASIC deputy chair, Peter Kell said. The consultation period will last five weeks, closing on 6 April 2018. The guidance will be finalised in line with AFCA ...

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 ...