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Showing 41 - 50 of 101 results for "ASIC of"

Banks, ASIC still at war over fees-for-no-service

HARRISON WORLEY | TUESDAY, 12 MAR 2019

... Pembroke, GWM Adviser Services and Meritum Financial Group are expected to finish by the end of 2020. JB Were has not advised ASIC of when it will complete its review, and neither has Westpac's Securitor and Magnitude. Westpac's review - and its review ...

Assistant Treasurer refutes breach allegations

HARRISON WORLEY | FRIDAY, 26 OCT 2018

... Ketter, Day relented, and said ASIC would look into the matter, citing the Corporations Act stipulates directors must inform ASIC of their resignation within 28 days. "Can I ask whether under the Corporations Act, Mr. Robert met his requirements under ...

Enforceable undertakings are effective: Research

KARREN VERGARA | FRIDAY, 26 OCT 2018

Despite receiving a bad rap for being ineffective during the financial services Royal Commission, new research finds the majority of enforceable undertakings deter future misconduct. This is according to a joint study conducted by ASIC and the University ...

ASIC delays adviser reporting deadlines

KARREN VERGARA | THURSDAY, 11 OCT 2018

... to meet the CPD requirements, they must notify ASIC from 15 November 2019. Under the legislation, licensees must notify ASIC of certain new information. "This instrument aligns licensees' earliest notifications to 15 November 2019. This new information ...

ASIC offers fee relief to drought-affected farmers

HARRISON WORLEY | TUESDAY, 2 OCT 2018

ASIC is offering assistance to drought-stricken farmers and related businesses suffering from financial hardship. The corporate regulator will offer information about available financial counselling services and provide company fee relief to those affected ...

Royal Commission hears industry fund admitted wrongdoing to ASIC

HARRISON WORLEY | MONDAY, 24 SEP 2018

... to have breached the SIS Act. Laying the fund's breach report bare, Costello said Rest's admission included informing ASIC of 184 contraventions of the SIS Act since 15 March 2017, for failing to provide reasons for a decision in response to a complaint ...

Former MyPlanner adviser fails best interests test

JAMIE WILLIAMSON | WEDNESDAY, 5 SEP 2018

... adviser James Phillip Allen is prohibited from providing financial services for a period of three years after a review by ASIC of client files found that in some instances Allen had failed to provide appropriate financial product advice. It was also ...

Royal Commission challenges super regulators

KARREN VERGARA | TUESDAY, 28 AUG 2018

... Hodge said a group of members were entitled to advice service that was not delivered. On 12 May 2017, StatePlus notified ASIC of the breach and has since commenced a remediation program. So far, 12,269 clients have been compensated; the total bill is ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA | MONDAY, 27 AUG 2018

... for no services existed since 2013 and alternatively July 2015 when internal legal advice raised the issue. Notifying ASIC of such breaches in 24 December 2015 contravened section 912A of the Corporations Act, which requires a 10 business days timeframe ...

NAB initially under-reported remediation bill to ASIC

KANIKA SOOD | MONDAY, 13 AUG 2018

NAB initially reported a compensation bill of about $22 million less than what it actually owed to customers for plan service fees, as the corporate regulator was capping off a report on the matter in late 2016. By 24 October 2016, NAB's estimated plan ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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