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Showing 31 - 40 of 304 results for %22Peter Kell%22

ASIC admits AMP inaction

JAMIE WILLIAMSON  |  FRIDAY, 22 JUN 2018
... breaches and attempts to mislead, including the mischaracterisation of the report as independent. ASIC deputy chair Peter Kell said confirming or suggesting that the law had been broken by individuals was "going a little too far for us." "I think there's ...

Life insurance data improving: Regulators

HARRISON WORLEY  |  FRIDAY, 25 MAY 2018
... industry and insurer-specific data to improve the transparency of life insurance claims practices. ASIC deputy chair Peter Kell commented that previous life insurance data was of low reliability, and as such the new regime was required improve the data. ...

VOFF asks Medcraft to "face the music"

ALEX BURKE  |  WEDNESDAY, 23 MAY 2018
Victims of Financial Fraud (VOFF) are calling on former ASIC chair Greg Medcraft and deputy chair Peter Kell to answer for alleged mishandling of financial services regulation. VOFF wants Medcraft and Kell to be recalled to the Royal Commission so they ...

ASIC consults on advice code monitoring bodies

JAMIE WILLIAMSON  |  TUESDAY, 15 MAY 2018
... does not currently compel financial advisers to comply with the directions of a monitoring body. ASIC deputy chair Peter Kell said monitoring and enforcing compliance with the code of ethics is a significant responsibility that will be resource intensive ...

Advice not yet a real profession: Kell

ALEX BURKE  |  TUESDAY, 17 APR 2018
In his statement to the Royal Commission, ASIC deputy chair Peter Kell argued financial advice is not yet a profession. Kell told Special Counsel Assisting Rowena Orr that while there are professionals in the industry, "we do not view the industry as ...

Banks put revenue above quality advice: FSU

ALEX BURKE  |  MONDAY, 16 APR 2018
... to make sure customers had been given the ongoing advice they were being charged for." Referencing ASIC deputy chair Peter Kell, who argued that banks prioritised charging high fees and short-term profits over ethical behaviour, the FSU said: "Concentrating ...

Royal Commission must cast net wider

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... February hearing of the Parliamentary Joint Committee on Corporations and Financial Services - where ASIC deputy chair Peter Kell conceded the regulator has failed to effectively monitor advice provided by industry funds for its compliance with the best ...

CBA advice failures unacceptable: Comyn

DARREN SNYDER  |  FRIDAY, 13 APR 2018
... its businesses. Comyn will provide an update on the financial advice businesses later this year. ASIC deputy chair Peter Kell said: "Our report into Fees For No Service in October 2016 identified the major financial institutions' systemic failures in ...

ASIC slaps fines on Spaceship and its trustee

KANIKA SOOD  |  TUESDAY, 10 APR 2018
... decisions; particularly in this case given the Spaceship Fund was specifically targeting young investors," ASIC deputy chair Peter Kell said. In October, Spaceship GrowthX shuffled its investment mix to place 50% of the fund's assets under management ...

ASIC co-deputy chair named

KARREN VERGARA  |  THURSDAY, 29 MAR 2018
Federal Revenue and Financial Services Minister Kelly O'Dwyer announced a legal expert will join Peter Kell as ASIC's co-deputy chair. The Federal Government nominated Daniel Crennan to the newly created position and he will work alongside Kell, who ...