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Showing 51 - 60 of 101 results for "ASIC of"

NAB CEO apologises over super failures

HARRISON WORLEY, DARREN SNYDER | FRIDAY, 10 AUG 2018

... products - did not act in the best interests of members. He said there had been delays between 2012 and 2016 to notify ASIC of breaches about fees for no service, as well as delays in properly remediating members. Former NULIS Nominees chair Nicole Smith ...

ANZ blames systems for inadequate controls: RC

KARREN VERGARA | MONDAY, 23 APR 2018

... Marianne Perkovic told the Commission that CBA's systems were so "hopeless" that it took more than two years to notify ASIC of its ongoing service fee problems.

Westpac obscured bad adviser reference check

KARREN VERGARA | FRIDAY, 20 APR 2018

... the way that Mr Smith was acting, and it wasn't appropriate," he said. Orr pressed Wright why it took so long to notify ASIC of Smith's conduct and why the bank had "downplayed" this incident by merely referring to it as "background" information in the ...

Royal Commission latest: CBA doing more with fewer advisers

KARREN VERGARA | WEDNESDAY, 18 APR 2018

... unnecessary context and not answer the questions was a "pre-emptive" way to explain why it took more than two years to notify ASIC of the breaches. Hodge noted that between 2008 and 2017, the number of CBA advisers dropped by about 25% - from 733 to ...

AMP admits to serious misconduct in RC submissions

JAMIE WILLIAMSON | MONDAY, 16 APR 2018

... and about $1.2 million paid in compensation. AMP also acknowledged possible misconduct in relation to its reporting to ASIC of its charging of fees for no service. Orr confirmed that AMP's conduct in relation to fees for no service would serve as ...

Penalty issued for ASX rules breach

JAMIE WILLIAMSON | THURSDAY, 16 NOV 2017

... experience, they were a willing participant in the conduct which was motivated by self-interest. While Bell Potter notified ASIC of the misconduct in May 2016, ASIC considered that to have been too late as the company had formed reasonable suspicions ...

Netwealth lodges prospectus for IPO

KARREN VERGARA | TUESDAY, 24 OCT 2017

Netwealth is set to list on the ASX from November 20 with market capitalisation expected to be at $879.2 million. The investment platform provider today filed a prospectus with ASIC offering 71.3 million shares at $3.70 per share, expecting to raise ...

ASIC audits limited AFSLs

KARREN VERGARA | THURSDAY, 20 JUL 2017

... Gem did not hold an AFSL. Until recently, Gem continued to raise funds from investors despite having been notified by ASIC of its concerns. ASIC was also concerned about VKK Investments' financial position and its ability to repay existing liabilities ...

ASIC calls on NAB to improve disclosure

JAMIE WILLIAMSON | FRIDAY, 7 JUL 2017

... received from their adviser, and there is no impact on their investments or portfolios. "Since identifying and notifying ASIC of these errors, we have worked to correct them, and to improve our processes to try to ensure they do not happen again." The ...

Poor compliance sees AFSL suspended

JAMIE WILLIAMSON | MONDAY, 1 MAY 2017

... within the required timeframe; maintain the competence to provide the financial service under its licence; and notify ASIC of significant breaches within 10 days. In its statement ASIC did not disclose the nature of services provided by Australia Wealth ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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