Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 31 - 40 of 64 results for "ASIC deputy chairman Peter Kell"

CBA refunds $80m for failing to apply discounts

LAURA MILLAN  |  WEDNESDAY, 25 NOV 2015
... processes to apply discounts, waivers and other concessions involve inherent compliance risks," ASIC deputy chairman Peter Kell said.

Property spruiker banned for providing unlawful advice

MARK SMITH  |  TUESDAY, 20 OCT 2015
... account of their individual financial circumstances. Some suffered financial loss as a consequence." ASIC deputy chairman Peter Kell said: "Property spruikers who recommend people invest in property via SMSFs, or facilitate such an investment, and who ...

CBA refunds $7.6 million to 8400 customers

DARREN SNYDER  |  MONDAY, 19 OCT 2015
... remediation process to ensure an accurate calculation of refunds, and refund all affected customers. ASIC deputy chairman Peter Kell said identifying and reporting breaches is a key obligation for financial services licensees. "Where errors occur, it ...

ASIC bans incompetent adviser

MARK SMITH  |  THURSDAY, 30 APR 2015
... replacement product advice. "This case highlights the importance of record keeping by advisers," ASIC deputy chairman Peter Kell said. "Financial advisers must keep accurate and up to date records detailing a client's circumstances and the advice given. ...

ASIC launches planner register

ALEX BURKE  |  TUESDAY, 31 MAR 2015
... financial advisers and will improve ASIC's ability to identify and monitor financial advisers," said ASIC deputy chairman Peter Kell. "ASIC will now focus its efforts on the second stage of the register which will capture financial adviser qualification ...

ASIC imposes conditions on Guardian Advice

STAFF WRITER  |  WEDNESDAY, 7 JAN 2015
... that unsuitable advice could be provided by Guardian Advice and its authorised representatives," ASIC deputy chairman Peter Kell said. The regulator acknowledged the cooperative and constructive approach that Guardian Advice has taken in response to ...

ASIC cancels boutique's AFSL

HARRY PAGE  |  THURSDAY, 18 DEC 2014
... position. Protect Ensure failed to provide updated and audited accounts that met ASIC's standards. ASIC deputy chairman Peter Kell said licensees need to demonstrate that they have adequate financial resources to continue their financial services business ...

Gold Coast advice firm enters EU over misleading ads

LAURA MILLAN  |  TUESDAY, 11 NOV 2014
... nature will not be tolerated and ASIC will take swift action when confronted with false claims," ASIC deputy chairman Peter Kell said. The advertisements have now been removed and Equanimity must now appoint an independent consultant to review its compliance ...

Suncorp completes insurance review after breaches

JAMES FERNYHOUGH  |  WEDNESDAY, 29 OCT 2014
... 849,000 customers between June 2010 to June 2013, requiring refunds of approximately $23 million. ASIC deputy chairman Peter Kell said: "ASIC welcomes the report, which followed a positive and constructive process with Suncorp. We are pleased that the ...

One third of risk advisers non-compliant, ASIC says

JAMES FERNYHOUGH  |  THURSDAY, 9 OCT 2014
... insurers and advice firms need to work on delivering a consistently better service for consumers," ASIC deputy chairman Peter Kell said. "Life insurance is a key product through which consumers manage risk for themselves and their families. It is therefore ...