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Showing 441 - 450 of 1133 results for "Representatives"

ASIC flags post-RC criminal prosecutions

JAMIE WILLIAMSON  |  WEDNESDAY, 20 FEB 2019
... is also looking into a number of instances of misconduct involving major financial institutions and individual representatives. "ASIC expects these investigations to result in a number of referrals to the Commonwealth Director of Public Prosecutions ...

Super account consolidation to hurt AMP

HARRISON WORLEY  |  MONDAY, 18 FEB 2019
... manager said that barring any changes to the Protecting Your Super package - given it now heads back to the House of Representatives after the Senate's amendments last week - it would stand to lose $10 million in operating earnings this financial year. ...

Industry funds wary of stapling default members

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
... superannuation funds," Federal Treasurer Josh Frydenberg said in a statement. The legislation needs to pass the House of Representatives, which returns next week.

Westpac mulls sale of in-house planners

JAMIE WILLIAMSON  |  WEDNESDAY, 13 FEB 2019
... planners, and the remainder of the business would eventually be wound down. There are currently about 330 authorised representatives attached to the AFSL. It is understood talks commenced after negotiations between Westpac and a US-based private equity ...

Former Macquarie advisers have bans reduced

JAMIE WILLIAMSON  |  TUESDAY, 12 FEB 2019
... satisfied that neither of them will engage in similar conduct in the future. Landau and Campbell were authorised representatives of Macquarie from 2007 to 2017, at which time Macquarie reported the misconduct to ASIC and dismissed both advisers. Both ...

Treasury initiates review post RC

KANIKA SOOD  |  FRIDAY, 8 FEB 2019
... of the Prime Minister and Cabinet. "The review is also set to benefit drought-affected communities, with senior representatives from the Rural Financial Counselling Service (RFCS) having recently attended a Drought Finance Taskforce meeting and shared ...

ASIC enforcement must get tough: Commissioner

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... negotiate about litigation that is on foot. But those meetings should be conducted through the parties' legal representatives and with appropriate formality," he said. Hayne recommends that ASIC's enforcement staff should not be responsible for the general ...

Synchron renews calls on risk advice separation

KANIKA SOOD  |  FRIDAY, 1 FEB 2019
... insurance. A licensee could then choose to hold one or, as Synchron would, both licences and their authorised representatives could be authorised in either or both, he said.

ASIC cracks down on non-compliant AFSL

JAMIE WILLIAMSON  |  MONDAY, 21 JAN 2019
... South Wales Central Coast. Surveillance by ASIC showed HNW Planning failed to adequately monitor and supervise its representatives. Its audit processes were also deemed deficient. HNW Planning is located at Erina on the Central Coast and has been self-licensed ...

AFSL to begin independent review

DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
... "Licensees must have an adequate and appropriate compliance framework to govern the monitoring and supervision of their representatives. We expect all licensees to comply with this and will monitor their compliance closely."