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Showing 31 - 40 of 129 results for "Greg Medcraf"

ASIC penalties 'like being hit with a lettuce leaf': Murray

LAURA MILLAN | WEDNESDAY, 25 MAR 2015

The penalties applied by the Australian Securities and Investment Commissions (ASIC) are so weak that they are like being hit with a lettuce leaf, Financial System Inquiry chair David Murray said. Speaking at a panel session at the ASIC summit, only ...

Abuse of reporting rules widespread: Medcraft

MARK SMITH | MONDAY, 23 MAR 2015

Australian Securities and Investments Commission (ASIC) chairman Greg Medcraft has highlighted companies "abuse" of breach reporting rules. The head of the industry watchdog made the comments in front of a Senate public hearing in Sydney on Friday following ...

Hagger defends NAB advice, brushes off independent review

ALEX BURKE | MONDAY, 9 MAR 2015

NAB Wealth chief executive Andrew Hagger has defended the bank's internal advice review processes to the Senate economics references committee. When asked by the committee why only eight serious process breaches were reported to ASIC - despite recent ...

Medcraft addresses ASIC's NAB response

ALEX BURKE | THURSDAY, 26 FEB 2015

In his opening statement to the Senate Economics Legislation Committee, ASIC chair Greg Medcraft addressed the recent media coverage of NAB Wealth's compensation to its advice clients. "We have started our information gathering from NAB Wealth using ...

ASIC chair discloses travel expenses

ALEX BURKE | WEDNESDAY, 4 FEB 2015

ASIC chair Greg Medcraft has revealed a $45,000 travel expense budget in the six months to December 2014. This figure includes expenses for Medcraft and his staff, and covers trips to London, Milan and Rio di Janeiro for meetings pertaining to Medcraft's ...

ASIC national exam proposal lacks evidence: CMCRC

ALEX BURKE | TUESDAY, 20 JAN 2015

ASIC chair Greg Medcraft's call for a national adviser examination is flawed, according to Capital Markets Cooperative Research Centre (CMCRC) chief executive Michael Aitken. While recognising Medcraft's good intentions, Professor Aitken argued that ...

Medcraft backs national adviser exam

MARK SMITH | TUESDAY, 13 JAN 2015

Australian Securities and Investments Commission (ASIC) chairman Greg Medcraft has come out in support of a new national exam for financial advisers. Medcraft backed the proposal in an op-ed published in the Australian Financial Review. "I strongly ...

FS Advice: Medcraft's appalling speech

LAURA MILLAN | FRIDAY, 12 DEC 2014

Check out the latest edition of the FS Advice newsletter here Last week, ASIC chairman Greg Medcraft's outburst about financial planning got everyone talking. He used the words "absolutely appalling" when referring to the fact that Australian consumers ...

Murray's FSI: consumers win round one

ALEX DUNNIN | SUNDAY, 7 DEC 2014

Everything is political and especially so with the super-charged high stakes poker game on display in the Financial System Inquiry (FSI) where the battle lines were quickly drawn between financial product providers versus consumers. And after listening ...

Medcraft furious over "absolutely appalling" advice

LAURA MILLAN | THURSDAY, 4 DEC 2014

Australian Securities and Investments Commission (ASIC) chairman Greg Medcraft said that despite the regulators' efforts, he still had no confidence in the financial advice industry. Speaking at the National Press Club yesterday, Medcraft said the regulator's ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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