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Showing 41 - 50 of 89 results for "Poor advice"

Lapse rates review anxiety unfounded: ASIC

KARREN VERGARA  |  MONDAY, 27 NOV 2017
... from the get-go it would look at 10 advisers to help it understand which ones would be at higher risk of providing poor advice, Bird said. She said an adviser was recently banned for charging clients with combined incomes of $200,000 per annum about ...

AMP launches LIF-ready resource

KARREN VERGARA  |  WEDNESDAY, 20 SEP 2017
... include a random and targeted sample of life insurance advice, in addition to an improved analysis on the causes of poor advice, "so that we can be more confident in terms of the real message about the quality of life insurance advice," he said. While ...

Small licensees are PI insurance compliant: ASIC

KARREN VERGARA  |  WEDNESDAY, 30 AUG 2017
... protect the insured or the licensee against the risk of financial losses arising from poor quality services such as poor advice or the execution of services, the report said. Overall, the regulator found AFS licensees did not always fully understand ...

CBA advice compensation reaches $29m

ALEX BURKE  |  THURSDAY, 15 JUN 2017
... involved poor or incorrectly implemented advice that did not lead to financial loss for customers; 14.1% received poor advice that resulted in financial loss for customers; and 5.7% involved incorrect charging of fees with no other financial loss attributed ...

Macquarie pays the price for poor advice

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2017
Macquarie Equities has shelled out almost $25 million in compensation in the past three years as part of its enforceable undertaking with ASIC. The corporate regulator published an update yesterday as to the remediation program's status, saying it is ...

Two Victorian advisers cop bans

KARREN VERGARA  |  TUESDAY, 16 MAY 2017
... ASIC's investigation found MySuperMan director David Heycock and employee Stuart Arnold-Levy provided unlicensed and poor advice, particularly in relation to residential property development. Heycock and Arnold-Levy, both from Vitoria, have been banned ...

CBA to pay $23 million for poor advice

JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2017
... program, Leif Gamertsfelder, said the bank apologised to those customers who were deemed by Promontory to have received poor advice which resulted in the loss of money and offered compensation, inclusive of interest. "The update from Promontory today ...

CBA defends 'incorrect' personal advice claims

JAMIE WILLIAMSON  |  MONDAY, 16 JAN 2017
... been assured that the advice they received was suitable and the bank is working with those for whom the provision of poor advice resulting in financial loss has been identified.

ASIC accepts EU from Perth advice firm

ALEX BURKE  |  TUESDAY, 13 SEP 2016
... resources to appropriately monitor and supervise high risk and newly appointed authorised representatives and to remedy poor advice in a timely manner."

CBA offers $9.4m in compensation

ALEX BURKE  |  MONDAY, 5 SEP 2016
... performance resulting from the advice provided; if the customer has been found to be negatively affected as a result of poor advice, compensation (plus interest) is calculated. After that, customers are sent a personalised assessment letter, which they ...