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Showing 431 - 440 of 1133 results for "Representatives"

Major advice licensee in possible best interest breach

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... surveillance spurred concerns the licensee had inadequate supervision processes in place to ensure advice provided by its representatives was in the best interests of clients. According to Rainmaker analysis of ASIC's Financial Adviser Register ...

MP slams prolonged grandfathered commissions carve out

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... commissions as of yesterday, the industry is receiving little sympathy from the Government. Deputy chair of the House of Representatives Standing Committee on Economics Review of the Four Major Banks, Matt Thistlethwaite, said last week that he doesn't ...

Don't expect super favouritism: Bowen

HARRISON WORLEY  |  MONDAY, 1 APR 2019
... preferring politics over policy - opposed our amendments, and has failed to bring the bill back to the House of Representatives for a vote." Bowen also said an elected Labor Government would make the universality of super a priority by gradually abolishing ...

NAB needs 500 staff for remediation

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAR 2019
... acknowledged the institution needs to go to great lengths to repay customers. In his opening statement to the House of Representatives Standing Committee on Economics, Chronican began by saying: "Let me start by acknowledging that as a bank we have let ...

Investors raise alarm on Facebook

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 MAR 2019
... the Christchurch mass shooting. Yesterday, the Prime Minister and Communications Minister Mitch Fifield met with representatives from Facebook, as well as internet service providers and a representative from Twitter, to discuss what measures can prevent ...

Remediation to hit Westpac earnings

HARRISON WORLEY  |  MONDAY, 25 MAR 2019
... with the $260 million provision not yet inclusive of any allowance for refunds to customers of its authorised representatives in relation to ongoing advice service fees. Westpac said around half of the $260 million related to the financial advice business ...

Morgans Financial licence conditions lifted

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
... conditions being imposed, ASIC identified concerns relating to Morgans' arrangements for monitoring and supervising its representatives after a number of serious breaches. There were also concerns about Morgans' internal controls for the handling of ...

Westpac exits personal advice, restructures leadership

JAMIE WILLIAMSON  |  TUESDAY, 19 MAR 2019
... Financial Advice staff, including 90 advisers, will move to Viridian - the group currently has about 330 authorised representatives attached to its AFSL. The sale is expected to be complete by June 30, and some Securitor and Magnitude authorised representatives ...

Advisers to return US$125m in fees

KANIKA SOOD  |  TUESDAY, 12 MAR 2019
... in their capacity as brokers, to their broker-dealer affiliates, or to their personnel who were also registered representatives, creating a conflict between advisers' gains and the clients' best interest. The SEC came up with a three step plan ...

Chief economist update: The Fed has hit neutral

BENJAMIN ONG  |  WEDNESDAY, 27 FEB 2019
... it, Powell will do a re-run tonight when he stands before the Committee on Financial Services in the House of Representatives. Also inferred from Powell's speech... "The job market remains strong. Monthly job gains averaged 223,000 in 2018, and payrolls ...