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Showing 661 - 670 of 6071 results for "Commission"

ASIC issues warning over brokers' high-risk offers

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
ASIC has told brokers to be careful about or to reconsider offering high-risk products and services to retail investors as an increasing number offer securities trading. ASIC said it has seen increased instances of brokers offering securities trading ...

Spirit Super consortium withdraws from port acquisition

ANDREW MCKEAN  |  TUESDAY, 30 AUG 2022
The Spirit Super and Palisade Investment Partners Consortium has not proceeded with its Port of Geelong acquisition, withdrawing its request for merger clearance from the ACCC. The ACCC recently informed the Spirit Super Palisade Consortium that it ...

A sensible roadmap: Industry responds to QAR paper

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... "This would be an incredible disappointment to the victims of financial advice scandals who gave evidence to the Royal Commission," Kirkland said. "The review's proposals to weaken consumer protections will fuel a revival of vertical integration, by ...

Focus on providing 'good advice': QAR draft proposals

JAMIE WILLIAMSON, CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
... provider', where the provider is an individual and the client pays a fee for the advice, the provider receives a commission, there is an ongoing advice relationship between the adviser and the client, or the client has a reasonable expectation that ...

ASIC tells super trustees to improve TMDs

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
ASIC is calling on superannuation trustees to review and improve the effectiveness of target market determinations (TMD) for their products. The regulator's request follows a sample review of trustee compliance that found some poor practices. ASIC ...

ASIC capability review released

CASSANDRA BALDINI  |  FRIDAY, 26 AUG 2022
... performance. The FRAA released its report, Effectiveness and Capability Review of the Australian Securities and Investments Commission (ASIC), and assessed the regulator's effectiveness and capability across strategic prioritisation, planning and ...

Findex names co- chief executives amid plans to grow wealth capabilities

CASSANDRA BALDINI  |  WEDNESDAY, 24 AUG 2022
... and take advantage of the major opportunities emerging from Australia's wealth management sector after the Royal Commission, it said. Current chief operations officer Roussos and its chief financial officer Games stepped into their new leadership ...

Crypto asset reforms underway: Treasurer

ANDREW MCKEAN  |  MONDAY, 22 AUG 2022
Treasurer Jim Chalmers, minister for financial services Stephen Jones and minister for competition, charities and treasury Andrew Leigh have announced that work is underway on crypto asset reforms. "The Albanese government will improve the way Australia's ...

ASIC response to Freedom Insurance saga continues

JAMIE WILLIAMSON  |  WEDNESDAY, 17 AUG 2022
... Freedom Insurance went out of business after ASIC's review of the sale of direct life insurance and subsequent Royal Commission hearings uncovered the then-listed insurer's shocking and harmful sales tactics. In September 2018, the Royal Commission heard ...

ASIC working to improve breach reporting regime

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
... The regime, which applies to all AFSL and ACL holders, commenced in October 2021 and came off the back of the Royal Commission. Now, less than a year later, ASIC has acknowledged "a number of implementation challenges" impacting its operation. ASIC said ...