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Showing 481 - 490 of 721 results for "Misconduct"

NULIS names new chair

KARREN VERGARA  |  TUESDAY, 7 AUG 2018
... case study of the Royal Commission for the last two days. NULIS acknowledged in its five submissions it engaged in misconduct falling below community standards and expectations. In the statements, NAB acknowledged between September 2012 and January 2017 ...

Lose grandfathered commissions, lose business: MLC

KARREN VERGARA AND JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
... Earlier in the day, Hodge said AMP, CBA, IOOF, ANZ and StatePlus Super admitted to engaging in miscount or possible misconduct with respect to advice fees in their submissions.

Royal Commission revisits fees for no service

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... Assisting Michael Hodge said AMP, CBA, IOOF, ANZ and StatePlus Super have admitted to engaging in miscount or possible misconduct with respect to advice fees in their submissions. Outlining the Commission's agenda for the next two weeks, Hodge said ...

One measure not enough to revoke MySuper: APRA

HARRISON WORLEY  |  MONDAY, 6 AUG 2018
... licensee should retain its MySuper authorisation. As the regulator prepares to appear before the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, APRA also called for enhanced powers, saying its experience ...

Adviser Ratings to predict licensees' quality of advice

JAMIE WILLIAMSON  |  TUESDAY, 31 JUL 2018
... proposing a new rating system for Australia's 1800 financial advice licensees that could potentially predict instances of misconduct. The new system, outlined in a new white paper, will see licensees rated in two ways; the first using publically available ...

Phone life insurance sales 'hawking' customers: Royal Commission

KARREN VERGARA  |  FRIDAY, 6 JUL 2018
... was in the hot seat again; this time explaining to the Commission why ASIC had reason to believe the firm engaged in misconduct selling life insurance similar to the way it sold funeral insurance. An ASIC investigation of phone-based practices found ...

ASIC drags Westpac to court

KANIKA SOOD  |  MONDAY, 18 JUN 2018
... under the Corporations Act, provided inappropriate financial advice and failed to prioritise the interests of clients - misconduct that ASIC now wants to hold Westpac liable for. "ASIC contends, as Mr Sinha's responsible licensee during that period ...

AFA criticises draft FASEA standard

KARREN VERGARA  |  FRIDAY, 8 JUN 2018
... second round of Royal Commission hearings is that the advice industry "remains vulnerable to negative stories about misconduct on the part of a minority of licensees and advisers." To address this, the AFA said it's critical to take more action to remove ...

Estate planning lawyer fined for misconduct

KANIKA SOOD  |  WEDNESDAY, 30 MAY 2018
... Supreme Court who then shared material to the Law Society. The Law Society pleaded Dubler was guilty of professional misconduct on four grounds: witnessing the will before the testator had signed it; witnessing the POA before the donor had signed it ...

Westpac off the hook in BBSW scandal

KANIKA SOOD  |  FRIDAY, 25 MAY 2018
... hearing will decide the penalty and relief. The date is yet to be determined. ASIC has been going after potential BBSW misconduct for about five years now. Early casualties included UBS in 2013 and BNP Paribas and the Royal Bank of Scotland in 2014. ...