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Showing 661 - 670 of 1588 results for "STOP"

No view on ending adviser commissions: AMP

ALEX BURKE  |  TUESDAY, 17 APR 2018
AMP advice head Anthony Regan told the Royal Commission that he has yet to "turn his mind" to the idea of mandating a cessation of the commission-based adviser remuneration model, despite personal reservations. Senior Counsel Assisting Michael Hodge ...

Industry Super Australia chief executive resigns

ALEX BURKE  |  FRIDAY, 13 APR 2018
The chief executive of Industry Super Australia is resigning after 12 years to take on a new role at a global fund manager. David Whiteley is expected to take up a new global position at IFM Investors in September. Before ISA, he was a director at HESTA ...

New law tightens unpaid SG penalties

KARREN VERGARA  |  THURSDAY, 29 MAR 2018
... problem. Minister for Revenue and Financial Services Kelly O'Dwyer introduced legislation in Parliament overnight in a bid to stop "unscrupulous employers short changing superannuation contributions for employees." The Treasury Laws Amendment (2018 Measures ...

ABA makes new code compulsory

KANIKA SOOD  |  MONDAY, 26 MAR 2018
... revamped version, lodged with the ASIC in December, asks retail banks to: provide plain English contracts for customers, stop unsolicited offers to raise credit card limits, give customers the ability to end credit cards online, and to inform customers ...

O'Dwyer flags government intervention on insurance in super code

KARREN VERGARA  |  THURSDAY, 22 MAR 2018
... Federal Government is prepared to take matters into its own hands because superannuation funds still aren't doing enough to stop life insurance premiums unduly eroding retirement savings. Kelly O'Dwyer expressed her frustration with the industry's inertia ...

ANZ halts asset secured loans to retail customers

KANIKA SOOD  |  MONDAY, 19 MAR 2018
ANZ will stop issuing new secured asset finance loans to retail customers, as the bank conducts an internal review of the business. New loans will cease from 30 April. "Given the increased technology costs required to effectively compete in the secured ...

Successful implementation of super code critical

STEPHEN FAY, JAMIE WILLIAMSON  |  THURSDAY, 15 MAR 2018
... "If you think you understand insurance in super, then clearly you don't." He went on to say that it had the potential to stop funds seeking to meet the other goals within the code, for example on claims dispute resolution timeframes. In implementing ...

Complaints authority welcomes new chair

KARREN VERGARA  |  THURSDAY, 1 MAR 2018
The Federal Government has appointed a former politician to chair the new one-stop-shop financial complaints body. Helen Coonan, who was a long-serving Federal senator and cabinet minister, is the chair of the newly legislated Australian Financial Complaints ...

SMFSA voices support for AFCA

KARREN VERGARA  |  THURSDAY, 15 FEB 2018
... banks, insurers and super funds because of the potential legal costs and complexity. "But the establishment of AFCA as a one-stop shop now gives them an avenue to address their complaints in a way that is binding and without the cost and trauma that ...

ClearView issues refunds over life sales misconduct

JAMIE WILLIAMSON  |  TUESDAY, 6 FEB 2018
ClearView has stopped selling life insurance direct to consumers and will refund $1.5 million to thousands of customers as a result of poor sales practices. An ASIC review found ClearView staff used unfair and high pressure sales tactics when selling ...