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Showing 571 - 580 of 1613 results for "Recommended"

ASIC cancels Melbourne firm's AFSL

KANIKA SOOD  |  THURSDAY, 17 MAY 2018
... superannuation balances. The businesses advertised "fast cash" to consumers with poor credit histories seeking loans, recommended clients switch their superannuation and take out 'high end' insurance, and drew. They also received upfront and trailing ...

More adviser participation needed to shape ethics code

JAMIE WILLIAMSON  |  WEDNESDAY, 16 MAY 2018
... determining the spirit of the law. "Is it revealed by the words of the politicians and review panels that may have recommended that law? Is it revealed by the explanatory memorandum that accompanied the bill? Is it identified by guidance from the regulatory ...

ASIC and FPA submit recommendations to RC

HARRISON WORLEY  |  FRIDAY, 11 MAY 2018
... benefits, they are largely "outweighed by the risks and costs to consumers of biased advice." As such, the association has recommended that large licensees be legally required to operate advice and product manufacturing business entirely separately - ...

ASIC drags NSW adviser to court

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
A financial adviser who allegedly recommended his clients set up SMSFs and invest funds in a company where he was a director; and claimed life insurance commissions from illegitimate applications, will face the Federal Court this month. ASIC has commenced ...

Three AMP directors step down

ALEX BURKE  |  TUESDAY, 8 MAY 2018
... feedback from our investors," Wilkins said. The Australian Council of Superannuation Investors (ACSI) had previously recommended its members, which include some of Australia's largest super funds, to vote against the re-election of AMP's board. When ...

Blue Sky chair steps down amid business restructure

ALEX BURKE  |  MONDAY, 7 MAY 2018
... funds to "unapproved" and "low investment grade." Blue Sky's Alternatives Access Fund was downgraded to 3.25 stars and recommended as unsuitable for most approved product lists, and the Blue Sky Alliance Fund - Dynamic Macro Portfolio was downgraded ...

"Collegiality" hinders appointments of female executives

KANIKA SOOD  |  MONDAY, 30 APR 2018
... this month, the 30% Club called for male directors who have served longer than the ASX Corporate Governance Council's recommended tenure to be replaced by female directors. The 30% Club was launched in 2015 with the aim of getting 30% women on ASX 200 ...

First Super to vote against AMP board

ALEX BURKE  |  FRIDAY, 27 APR 2018
... Super said it would vote against the re-election of AMP's board at the upcoming annual general meeting. First Super recommended other ACSI members follow suit, with chief executive Bill Watson saying: "We call on other superannuation funds, fund managers ...

Adviser regulation lacking a professional body, RC hears

KARREN VERGARA  |  FRIDAY, 27 APR 2018
... member and Darren Tindall. After conducting its own investigation, the AFA's internal Membership Review Committee recommended for nothing less than a suspension or the association will "significant reputational risk" as the two members have "attracted ...

Dover roasted for 'Orwellian' protection policy

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... authority provided by the licensee under the Corporations Act. Such actions would include failing to adequately research a recommended financial product; failure to consider a client's circumstances; failure to provider personal advice as defined by ...