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Showing 471 - 480 of 723 results for "Misconduct"

Frydenberg appoints second APRA deputy chair

HARRISON WORLEY  |  TUESDAY, 18 SEP 2018
... adopted by APRA and ASIC to regulate superannuation entities were sufficient to achieve specific or general deterrence of misconduct.

ASIC takes Dover, McMaster to court

JAMIE WILLIAMSON  |  MONDAY, 17 SEP 2018
... definitely." In taking the case to the Federal Court, ASIC has also alleged that McMaster was knowingly concerned in the misconduct and is therefore seeking declarations that both Dover and McMaster broke financial services law, as well as financial ...

CommInsure misled FOS: Royal Commission

KARREN VERGARA  |  THURSDAY, 13 SEP 2018
... ombudsman's jurisdiction was "regrettable." From FOS' point of view, CMLA's actions amounted to "serious misconduct" for significantly delaying the process, hampering timely resolution. It was prejudiced in the outcome of the dispute, FOS ...

Life insurers admit to misconduct: Royal Commission

HARRISON WORLEY  |  MONDAY, 10 SEP 2018
This morning the Royal Commission heard about instances of misconduct in the life insurance industry and where conduct fell below community standards and expectations. Opening the sixth round of Royal Commission hearings, counsel assisting Rowena Orr ...

No time for complacency: AIST

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... - together with their trustees and independent directors - are unable to protect members from fee gouging and other misconduct. The Royal Commission has been a "damning indictment" on for-profit funds that have engaged in 150 separate cases of misconduct ...

Retail super funds reject MySuper delays

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... communications with clients, as well as not investigating the issue sooner. Further, Suncorp denied engaging in any misconduct in delaying transitioning ADA clients of financial advisers. It also rejected counsel assisting Michael Hodge's recommendation ...

ASIC hires former super executives

KARREN VERGARA  |  MONDAY, 3 SEP 2018
... necessary to support the Commission's new strategic direction which will enhance its ability to detect and address misconduct in financial services and protect consumers," Frydenberg said in a statement.

Royal Commission challenges super regulators

KARREN VERGARA  |  TUESDAY, 28 AUG 2018
... regulators, he said, is "to take strategic action that will specifically deter the targeted entity from engaging in misconduct." Based on two weeks of case studies, Hodge doubted neither the approach of APRA or ASIC to regulate superannuation entities ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... lawyers highlighted several instances where corporate and superannuation law was breached. The closing submission on misconduct in the superannuation industry, which was released on Friday night, showed the wrongdoings of retail super funds were dominant ...

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
ASIC's favourite method of tackling misconduct came under fire as the Royal Commission capped off its round of superannuation hearings on Friday. First up was Tim Mullaly, a senior executive leader in ASIC's financial services enforcement division. ...