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Showing 611 - 620 of 903 results for "Banned"

Ripoll labels Cormann's FoFA changes "a stunt"

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... reaction to the government's announcement that it will ban commissions on general advice. "Commissions have already been banned. By Labor," Ripoll said on Twitter. "Liberals say they will ban commissions in financial advice. What a stunt. Commissions ...

Advisers applaud "historic" ban on commissions

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... Financial Advice (FoFA) law. "We are extraordinarily pleased, we have fought very hard to ensure that trailing commissions were banned from general advice," the Financial Planning Association (FPA) chief executive Mark Rantall said. Rantall spoke shortly ...

UBS adviser banned from financial services industry

STAFF WRITER  |  WEDNESDAY, 11 JUN 2014
Former UBS financial adviser was banned from the financial services industry for engaging in misleading and deceptive conduct. Sebastian Konjevic was a client adviser of UBS AG holding an Australian Financial Services (AFS) licence from September 2005 ...

FSC apologises to AusSuper for misinformed tweet

JAMES FERNYHOUGH  |  MONDAY, 26 MAY 2014
... on Thursday, FSC senior policy manager Cecilia Storniolo said: "It is hypocritical to suggest that commissions should be banned under FoFA, including for general advice or information, when intra-fund advice is charged in a non-transparent manner," adding ...

FPA reveals 10 point plan to improve advice

LAURA MILLAN  |  FRIDAY, 23 MAY 2014
... establishment of an education working group to develop an advice education framework. "The term 'commission' to be defined and then banned under the general advice exemption," the document proposed, and asked for general advice to be re-named as "general ...

Intra-fund advice is also a commission: FSC

LAURA MILLAN  |  FRIDAY, 23 MAY 2014
... streamlining of the Future of Financial Advice (FoFA) legislation. "It is hypocritical to suggest that commissions should be banned under FoFa, including for general advice or information, when intra fund advice is charged in a non-transparent manner," ...

FPA and AFA unite: stop commissions on general advice

LAURA MILLAN  |  THURSDAY, 22 MAY 2014
... general advice can be received. However, the FPA asked that the term 'commission' is defined by the legislation and then banned under the general advice exemption. "The drafting still allows for product-related commissions to be received," Rantall said. ...

ASIC bans former Westpac trader

LAURA MILLAN  |  WEDNESDAY, 21 MAY 2014
Former Westpac Institutional Bank trader Jeremy Kaviraj Nambiar was banned for eight years from financial services for creating fictitious trading entities and a false document. Nambiar worked at Westpac during 2009 and 2010 and he was in charge of ...

CBA, CSSA promote FoFA legal loophole

JAMES FERNYHOUGH  |  MONDAY, 19 MAY 2014
... super specialist advisers have found a legal loophole that could allow them to maintain a business model that has been banned under the Future of Financial Advice (FoFA) legislation. The loophole, as described by Commonwealth Bank of Australia and the ...

New reports to stir financial planning perfect storm

LAURA MILLAN  |  MONDAY, 5 MAY 2014
... financial planning becoming a respected profession," Rantall said, and argued that only six of the 86 financial planners banned by ASIC in the past five years held the Certified Financial Planner designation. Commonwealth Bank and ASIC also reacted to ...