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Showing 501 - 510 of 1133 results for "Representatives"

ANZ blames systems for inadequate controls: RC

KARREN VERGARA  |  MONDAY, 23 APR 2018
... systems and processes for failing to adequately monitor in-house financial advisers as well as its authorised representatives within three of its aligned dealer groups. Week two of the Royal Commission tasked with scrutinising advice practices has exposed ...

ROYAL COMMISSION: Top stories

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
... manager, Commonwealth Private Marianne Perkovic acknowledged that on at least three separate occasions authorised representatives of Count were identified in 2015 for continuing to charge ongoing service fees to clients that had died. Referring to a ...

Dead advice clients slugged ongoing service fees

JAMIE WILLIAMSON  |  THURSDAY, 19 APR 2018
... manager, Commonwealth Private Marianne Perkovic acknowledged that on at least three separate occasions authorised representatives of Count Financial were identified in 2015 for continuing to charge ongoing service fees to clients that had died. Referring ...

Commonwealth Bank refunding millions in fees for no service

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... admitted to at least $118.5 million of fee for no service misconduct. Providing examples of misconduct by authorised representatives and financial advisers employed by CBA and related entities, Senior Counsel Assisting Rowena Orr said between July 2007 ...

ANZ issues last minute RC submission correction

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... Royal Commission was provided with a correction by ANZ on Sunday as to errors made on the number of authorised representatives identified as failing to provide periodic review services over a specific period. In its original submissions, ANZ identified ...

ASIC lifts licence conditions on CountPlus subsidiary

KANIKA SOOD  |  MONDAY, 16 APR 2018
... reviewed aspects of TFSA's compliance arrangements, specifically in relation to monitoring and supervision of representatives. The compliance expert made a number of recommendations which have been implemented by TFSA," ASIC said.

AMP admits to serious misconduct in RC submissions

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... provided," Orr said. AMP further admitted to advisers engaging in "insurance rewriting" misconduct, whereby authorised representatives recommended to a client to cancel their existing AMP life insurance policy and purchase a new AMP life policy, enabling ...

Incumbents can innovate or separate: AltFi Summit

DARREN SNYDER  |  WEDNESDAY, 4 APR 2018
... financial services sector including alternative lending firms, digital banks, industry influencers and regulatory representatives. Event owner Glenn Hodgeman said uniting at the summit will be an opportunity to "educate and learn from our peers" and ...

Look inside to drive fintech forward: AltFi Summit

DARREN SNYDER  |  MONDAY, 26 MAR 2018
... panellists and sponsors will include alternative lending firms, digital banks, industry influencers and regulatory representatives, such as OnDeck, KPMG, Ratesetter, NowFinance, Equifax, HashChing, Macquarie Capital, NAB, Moula, MoneyPlace, Credible ...

FSC proposes genetics and insurance council

KARREN VERGARA  |  WEDNESDAY, 21 MAR 2018
... proposed advisory council would gather policymakers, geneticists, health professionals, life insurance industry representatives and other stakeholders to set a framework to determine how genetics and life insurance should interact in the best interest ...