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Showing 31 - 40 of 73 results for "Deputy chairman Peter Kell"

Former ANZ planner slapped with ban

KERRIE SYDEE  |  THURSDAY, 9 JUN 2016
... client's objectives and strategy and then provide written documentation of those recommendations. ASIC deputy chairman Peter Kell said: "ASIC expects financial advisers to fulfil all of their obligations to their clients. Failure to do so is unacceptable." ...

MFSIM execs use $143.5m in client money to repay debts

KERRIE SYDEE  |  TUESDAY, 24 MAY 2016
... demonstrate the ability, skills and knowledge to provide financial services. Commenting on the EU ASIC deputy chairman Peter Kell said: "In instances where advice is provided to consumers to switch from existing superannuation products, especially defined ...

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 ends Macquarie EU but sees gaps in advice files

LAURA MILLAN  |  FRIDAY, 13 FEB 2015
... allow MEL to better manage its advice risk," ASIC said. But the regulator did not extend the EU and deputy chairman Peter Kell said to the media that this is because "we're getting everything we need from MEL and KPMG." He said that ASIC is ready to ...

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 ...