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Showing 411 - 420 of 937 results for "Representatives 221"

ROYAL COMMISSION: Top stories

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
Missed something? Here's a recap of the most read stories to come out of the first week of the Royal Commission's inquiry into financial advice. AMP admits to serious misconduct in RC submissions AMP acknowledged hundreds of instances of misconduct ...

Dead advice clients slugged ongoing service fees

JAMIE WILLIAMSON  |  THURSDAY, 19 APR 2018
The Commonwealth Bank has admitted one of its advice subsidiaries charged ongoing service fees to clients it knew had passed away. Providing testimony to the Royal Commission today, CBA executive general manager, Commonwealth Private Marianne Perkovic ...

Commonwealth Bank refunding millions in fees for no service

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
In its three submissions to the Royal Commission, Commonwealth Bank has admitted to at least $118.5 million of fee for no service misconduct. Providing examples of misconduct by authorised representatives and financial advisers employed by CBA and related ...

ANZ issues last minute RC submission correction

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
ANZ issued a correction to its submissions to the Royal Commission over the weekend ahead of the next fortnight's hearings on financial advice. Senior Counsel Assisting Rowena Orr said the Royal Commission was provided with a correction by ANZ on Sunday ...

AMP admits to serious misconduct in RC submissions

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
AMP has acknowledged hundreds of instances of misconduct in relation to the provision of financial advice between 1 January 2008 and 30 June 2015. In opening the Royal Commission's inquiry into financial advice today, Senior Counsel Assisting Rowena ...

FSC proposes genetics and insurance council

KARREN VERGARA  |  WEDNESDAY, 21 MAR 2018
The Financial Services Council is proposing to establish a Genetics and Insurance Advisory Council in an effort to engage in a booming field of clinical research and genetics testing. Chief executive Sally Loane announced the initiative at this morning's ...

Latest investment scam targets Jersey residents

JAMIE WILLIAMSON  |  WEDNESDAY, 7 MAR 2018
Locals on the island of Jersey are being warned against a company claiming to be an Australian investment firm offering unauthorised financial services. The Jersey Financial Services Commission issued a warning regarding Focus on Market, an organisation ...

Chief economist update: New Fed chief, same policy direction (but more transparent)

BENJAMIN ONG  |  WEDNESDAY, 28 FEB 2018
"Stocks, Treasuries Sink on Hawkish Powell Remarks: Markets Wrap" Bloomberg's headline just about sums up last night's activity on Wall Street that saw the S&P 500 index drop by 1.3%; the yield on 10-year Treasuries climb by three basis points to 2.89% ...

Tax adviser registrations swell

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2018
The total number of registered tax (financial) advisers has returned to 19,000, despite 6000 failing to renew their registration by the end of 2015. According to the Tax Practitioners Board, about 13,000 of the 19,000 registered tax (financial) advisers ...

Best interest duty failures lead to EU

JAMIE WILLIAMSON  |  MONDAY, 19 FEB 2018
The director of a financial services firm is excluded from the industry for five years after failing to comply with best interests obligations when consolidating clients' superannuation. ASIC has accepted an enforceable undertaking from David Orth ...