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Showing 511 - 520 of 1075 results for "Commissioner"

ASIC bans former NAB, CBA advisers

JAMIE WILLIAMSON  |  THURSDAY, 24 JAN 2019
... critical role to play in helping consumers make confident and informed decisions about financial products," ASIC commissioner Danielle Press said. "They have an obligation to act in the best interests of their clients when providing advice and must adhere ...

Managed accounts not immune to Royal Commission

KARREN VERGARA  |  TUESDAY, 22 JAN 2019
... "naive" in thinking that managed accounts are not subject to the same conflicts of interest as larger institutions. Commissioner Kenneth Hayne lambasted the prevalence of conflicts of interest in the interim report. It is an area Wivell Plater "confidently" ...

AFSL to begin independent review

DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
... and whether any further action is necessary." The expert will then report to both ASIC and Kaz in June 2019. ASIC Commissioner Cathie Armour said: "Licensees must have an adequate and appropriate compliance framework to govern the monitoring and supervision ...

AustralianSuper members exposed to security breach

KARREN VERGARA  |  TUESDAY, 1 JAN 2019
... vulnerabilities. "All affected members have been contacted and the fund has reported this account activity to the Privacy Commissioner at the Office of the Australian Information Commissioner (OAIC)." The super fund declined to further comment on how ...

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... under fire The Royal Commission claimed a high profile scalp early, when it heard evidence in April that Fair Work commissioner Donna McKenna received inappropriate financial advice from Sam Henderson, the chief executive of Henderson Maxwell. On the ...

Grandfathered commissions: Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 19 DEC 2018
... services Royal Commission, the removal of grandfathered commissions is expected to be one of the key recommendations of Commissioner Hayne's final report which is due February 2019. The Australian Banking Association and many superannuation funds ...

Royal Commission sparks risk book sell-off

JAMIE WILLIAMSON  |  FRIDAY, 14 DEC 2018
Financial planners with smaller risk insurance books are looking to offload them now, save waiting for Commissioner Kenneth Hayne's final report. According to Radar Results, there has been a jump in the number of planners looking to sell risk books ...

Complainants most satisfied with life insurers

KARREN VERGARA  |  TUESDAY, 11 DEC 2018
... dispute resolution system, IDR plays a vitally important role in Australia's consumer protection framework, ASIC commissioner Danielle Press said. "Consumers and small businesses should have access to transparent, fair and timely complaints processes. ...

Industry dubious about one regulatory body: Survey

KARREN VERGARA  |  MONDAY, 10 DEC 2018
... in how the two bodies police the financial services sector, and both often blamed a lack of resources and funding. Commissioner Kenneth Hayne criticised APRA and ASIC in his September interim report, highlighting several instances of inefficiencies and ...

ASIC appoints second deputy chair

KARREN VERGARA  |  FRIDAY, 7 DEC 2018
... chair position to replace Peter Kell, who finished up yesterday. Outgoing Productivity Commission deputy chair and commissioner Karen Chester will commence on 28 January 2019 for a five-year period. Chester was appointed as a commissioner at the Productivity ...