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Showing 31 - 40 of 100+ results for "Peter Kell"

ASIC puts corner-cutting advisers on notice

JAMIE WILLIAMSON  |  MONDAY, 22 JAN 2018
... Advisers, licensees and their staff who engage in these practices should consider this a final warning," ASIC chair Peter Kell said. "AFS licensees have ultimate responsibility for the conduct of their representatives and need to effectively monitor ...

NAB refunds home loan customers

KARREN VERGARA  |  TUESDAY, 19 DEC 2017
... offset accounts established through our broker channel since 2010 (approximately 178,000)," NAB added. ASIC acting chair Peter Kell said: "Consumers should be confident that when they sign up for a home loan they are receiving all of the benefits that ...

Life insurer definitions clashing: Regulators

KARREN VERGARA  |  TUESDAY, 14 NOV 2017
... policy terms and insurers can and do legitimately decline such claims. Commenting on the findings, ASIC deputy chair Peter Kell said the analysis of this initial data reinforces the findings of ASIC's Report 498 - that over 90% of life insurance claims ...

ASIC remains firm on IFA definitions

DARREN SNYDER  |  TUESDAY, 14 NOV 2017
... providers who were using the terms. The regulator reminded this period ends on 31 December 2017. ASIC deputy chairman Peter Kell said the law enforcement agency wants "to ensure that those providing financial services to consumers are accurately describing ...

Melbourne advice firm cops historic $1 million fine

JAMIE WILLIAMSON  |  MONDAY, 30 OCT 2017
... personal risk insurance products and superannuation rollovers, representing a clear incentive. ASIC deputy chairman Peter Kell said: "This outcome makes clear to the industry the serious consequences of financial services licensees failing to comply ...

Forgery sees former NAB adviser sentenced

JAMIE WILLIAMSON  |  FRIDAY, 27 OCT 2017
... Thompson was banned from providing financial services for seven years by the corporate regulator, with ASIC deputy chair Peter Kell saying at the time that the action should serve as a lesson to any advisers committing brazen misconduct. Commenting on ...

Former Financial Wisdom adviser banned

EMMA RAPAPORT  |  FRIDAY, 29 SEP 2017
... cross-endorsed authorised representative of Commonwealth Financial Planning and Dover Financial Advisers. ASIC deputy chairman Peter Kell said the regulator will continue to take action and remove advisers who engage in serious misconduct and breach ...

ASIC adds life insurance to school curriculums

KARREN VERGARA AND JAMIE WILLIAMSON  |  THURSDAY, 28 SEP 2017
... state and territory governments to train teachers and update classroom materials around Australia, ASIC deputy chair Peter Kell told the recent life insurance Parliamentary Joint Committee on Corporations and Financial Services. There tends to be a focus ...

Former AMP adviser banned for $2.5m fraud

JAMIE WILLIAMSON  |  MONDAY, 21 AUG 2017
... Tasmania described Noonan's crimes as "egregious violations of his fiduciary duty to his clients." ASIC deputy chairman Peter Kell said: "ASIC will act to remove people from the credit and financial services industry who act dishonestly and breach the ...

CBA chief executive will stand down

EMMA RAPAPORT  |  MONDAY, 14 AUG 2017
... Protection CCI taken out with a Commonwealth Bank home loan, resulting in the over-charging of premiums. ASIC deputy chair Peter Kell said it was unacceptable that customers were sold insurance that did not meet their needs. "One of ASIC's priorities ...