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Showing 41 - 50 of 99 results for "ASIC deputy chair Peter Kell"

Regulator finalises ANZ compliance review

ALEX BURKE  |  FRIDAY, 23 DEC 2016
... compliance breaches requiring total refunds and compensation of around $4.5 million. At the time, ASIC deputy chair Peter Kell said: "Appropriate compliance and systems to monitor compliance are essential for banks to adhere to their AFS obligations. ...

Suncorp fined for consumer credit breach

ALEX BURKE  |  FRIDAY, 23 DEC 2016
... collections activity, including telephone calls or letters from Suncorp's debt collections staff." ASIC deputy chair Peter Kell said: "'Companies engaging in credit activity need to ensure that their systems have rigorous checks and balances, so that ...

Super skimming adviser permanently banned

JAMIE WILLIAMSON  |  MONDAY, 19 DEC 2016
... dishonest and a betrayal of client trust, while also deceiving PIS and the trustee of the super fund. ASIC deputy chair Peter Kell said: "ASIC will take action to remove dishonest persons from the financial services and credit industry to protect the ...

ASIC bans life insurance adviser

ALEX BURKE  |  FRIDAY, 9 DEC 2016
... switch existing life insurance and superannuation products must be in the client's best interest," ASIC deputy chair Peter Kell said. "Where there is nothing in the client's relevant circumstances to indicate that the switch would be beneficial, ASIC ...

ASIC bans SA insurance broker

ALEX BURKE  |  WEDNESDAY, 30 NOV 2016
... uphold the highest standards of conduct, so as to maximise their confidence in the financial system," ASIC deputy chair Peter Kell said. "Mr Griggs' conduct fell well and truly short of that standard," he added.

Former Westpac planner banned

JAMIE WILLIAMSON  |  TUESDAY, 29 NOV 2016
... review process of Mr Bishop's files at the time and has fully compensated all impacted clients." ASIC deputy chair Peter Kell said: "Advice needs to be tailored to the client's needs and circumstances, and an advice provider must not lose sight of the ...

ASIC bans former AMP adviser

KERRIE SYDEE  |  MONDAY, 21 NOV 2016
... Financial Planning audit in March 2015. McCarthy did not provide any of the false documents to clients. ASIC deputy chair Peter Kell said: "ASIC is committed to raising standards of conduct and compliance in the wealth management industry and will act ...

Former Sentinel adviser slapped with ban

KERRIE SYDEE  |  THURSDAY, 17 NOV 2016
... the interests of his clients ahead of his own, when he knew that there was a conflict of interest ASIC deputy chair Peter Kell said: "Financial advisers must put their clients' interests ahead of their own. Super switching that provides little benefit ...

ASIC bans Brisbane life adviser

KERRIE SYDEE  |  FRIDAY, 4 NOV 2016
... Demonstrate the ability, professional skills and knowledge needed to competently provide financial services ASIC deputy chair Peter Kell said: "Consumers should be confident that their financial adviser is acting in their best interests." "The business ...

ASIC permanently bans jailed adviser

KERRIE SYDEE  |  FRIDAY, 28 OCT 2016
... Dick of the Brisbane District Court ordered Whelan pay the organisation $33,419.11 in compensation. ASIC deputy chair Peter Kell said: "Dishonesty by any financial advisor will not be tolerated by ASIC. We will take steps to remove financial advisors ...