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Showing 591 - 600 of 1613 results for "Recommended"

AMP admits to serious misconduct in RC submissions

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... AMP further admitted to advisers engaging in "insurance rewriting" misconduct, whereby authorised representatives recommended to a client to cancel their existing AMP life insurance policy and purchase a new AMP life policy, enabling the adviser to collect ...

PJC doubts life insurance industry can self-regulate

KARREN VERGARA  |  WEDNESDAY, 28 MAR 2018
... action" to fix the duplicate insurance within group superannuation problem as "completely unacceptable." The committee recommended super funds and life insurers to be more proactive in informing customers about the status of their group life insurance ...

ASIC bans former NAB, Westpac adviser

KARREN VERGARA  |  TUESDAY, 27 FEB 2018
... what they had previously paid and thought they'd be paying less. ASIC said in some cases the higher cost of products recommended significantly reduced the clients' superannuation savings without their knowledge. ASIC determined Ramsay failed to act in ...

ASIC bans Perth adviser

DARREN SNYDER  |  FRIDAY, 23 FEB 2018
... clients' circumstances and what life insurance coverage they may need or their ability to pay for the insurance he recommended. Leake failed to make a reasonable assessment of which life insurance products might be best suited to his clients' needs ...

Contract work threatens super: Research

KARREN VERGARA  |  THURSDAY, 15 FEB 2018
... Australians who will be asked to support them from a shrinking tax base as the population ages," Rowe said. The report also recommended financial literacy is incorporated into the national school curriculum and measures to address the super gender ga ...

Morrison unveils open banking framework

KARREN VERGARA  |  MONDAY, 12 FEB 2018
... that sees customers stay with their current bank even in the presence of more competitive deals elsewhere. The report recommended the ACCC should be primarily responsible for standards-setting, competition and consumer issues, security measures and data ...

Court fines advice firm $7.8m

KARREN VERGARA  |  FRIDAY, 9 FEB 2018
... Yes FP gave personal financial advice. WRM advertised 'fast cash' to consumers often with poor credit histories and recommended they switch their superannuation funds and take out high-end insurance. Advisers would then charge advice fees that were paid ...

Super funds that embrace change will prevail: DST

ALEX BURKE  |  TUESDAY, 30 JAN 2018
... Superannuation funds themselves are feeling pressure as cash outflows continually rise." To address these issues, DST recommended a two-pronged approach that involves super funds "working in concert with insurers" to provide competitive retirement investment ...

2017 AGMs less tumultuous: ASIC

KARREN VERGARA  |  TUESDAY, 30 JAN 2018
... "Particular attention has been given to this issue by the Australian Council of Superannuation Investors (ACSI), which recommended that its members vote against the election of certain directors in companies without female representation on their boards," ...

ASIC shines spotlight on insurance advice

DARREN SNYDER  |  THURSDAY, 25 JAN 2018
... financial products as a potentially viable option to effect the strategy, the advice licensee's in-house products were recommended." In one example, ASIC flagged concerns where the cost of income protection climbed from $132 per year to $7552 per year. ...