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

Search Results

Showing 401 - 410 of 891 results for "Banned"

Rice Warner warns against culling value-based advice fees

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... to develop "innovative" models delivering better value and lower cost financial advice, if value-based fees were to be banned following the Royal Commission. Otherwise, the nation's next retiring generation - the baby boomers - might have to rely ...

Stop genetic testing questions: Poll

KARREN VERGARA  |  TUESDAY, 20 NOV 2018
Life insurers should be banned from asking consumers if they have undertaken a genetic test, Financial Standard 's latest readership survey reveals. The majority (62%) of readers said they "agree" or "strongly agree" that life insurers should stop asking ...

ASIC bans Perth adviser

KANIKA SOOD  |  THURSDAY, 15 NOV 2018
ASIC has banned a Perth-based adviser after a court found he stole more than $100,000 of superannuation money from his clients. Craig James Wilson was employed by an advice firm that was a representative of the Westpac-controlled licensee Securitor ...

Melbourne AFSL pays $9 million in fines

KANIKA SOOD  |  MONDAY, 5 NOV 2018
... the back of contravening numerous financial services, credit and consumer protection laws. The court has also permanently banned it from carrying on a financial services business and providing credit or entering into a credit contract as a credit provider. ...

Frydenberg boosts APRA funding

HARRISON WORLEY  |  MONDAY, 5 NOV 2018
... Commission hearing in August this year, APRA deputy chair Helen Rowell confirmed the prudential regulator had only once banned a person from being a responsible person in the last 10 years. In the five preceding years, APRA administratively banned 133 ...

Former adviser jailed, ASIC posts FY18 stats

KARREN VERGARA  |  THURSDAY, 1 NOV 2018
... the 2017-18 financial year, ASIC said it undertook 22 criminal convictions, 13 custodial sentences and 133 people were banned or removed from financial services. About $42.2 million of civil penalties were paid. According to ASIC's FY18 annual report ...

Enforceable undertakings are effective: Research

KARREN VERGARA  |  FRIDAY, 26 OCT 2018
... round of the Royal Commission for being toothless tigers. APRA deputy chair Helen Rowell said the prudential regulator banned one person (Trio Capital director David Millhouse) and disqualified 133 people for not being fit and proper in the last decade. ...

ASIC moves on Dollarmites

HARRISON WORLEY  |  FRIDAY, 19 OCT 2018
... to encourage regular savings behaviour and good money habits." According to Financial Standard readers, banks should be banned from pedaling financial products in schools. More than half (53%) of respondents to Financial Standard's latest spot poll agree ...

Ban Dollarmites: Spot poll

KARREN VERGARA  |  MONDAY, 15 OCT 2018
Banks should be banned from pedalling financial products in schools, Financial Standard's latest spot poll shows. More than half (53%) of readers agree that CBA's Dollarmites program and any other financial products promoted in schools by financial ...

ASIC bans Spectrum Wealth adviser

KARREN VERGARA  |  WEDNESDAY, 10 OCT 2018
The corporate regulator has banned a Spectrum Wealth adviser from providing financial services for three years, following an investigation that sprung from reports sent to ASIC by life insurers. Gurumukh Singh Mehra failed to act in his clients' ...