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Showing 51 - 60 of 71 results for "Karen Chester"

ASIC grants frozen fund relief

JAMIE WILLIAMSON | THURSDAY, 27 AUG 2020

... this can be especially problematic for some individual members experiencing financial hardship," ASIC deputy chair Karen Chester said. "The hardship relief will make it easier for responsible entities of frozen funds to enable withdrawals by investors ...

ASIC lays out product intervention plans

HARRISON WORLEY | THURSDAY, 18 JUN 2020

... consultation before going on to make an entirely different order based on the consultation process. ASIC deputy chair Karen Chester said the power is an "incredibly important" addition to the regulator's toolbox. "It allows us to intervene where we are ...

ASIC secures $160m in remediation over junk credit insurance

ALLY SELBY | THURSDAY, 14 MAY 2020

... Commonwealth Bank, Credit Union Australia, Latitude Finance Australia, NAB, Suncorp-Metway and Westpac. ASIC deputy chair Karen Chester said the investigation of major banks and lenders uncovered the design and sale of consumer credit insurance consistently ...

ASIC delivers thinly veiled warning

ELIZABETH MCARTHUR | FRIDAY, 8 MAY 2020

... ASIC fears. The regulator made no specific mention of Mayfair 101 in the warning to consumers. ASIC deputy chair Karen Chester warned consumers that if an investment product promises higher returns than a term deposit then it probably also carries higher ...

Consultation opens for design, distribution guidance

HARRISON WORLEY | FRIDAY, 20 DEC 2019

... fundamental business considerations for firms, their boards and ultimately their shareholders," ASIC deputy chair Karen Chester said. Chester added that the obligations - which require firms to design products meeting the needs of the consumers within ...

Remediation bill tops $10b: ASIC

ELIZA BAVIN | MONDAY, 18 NOV 2019

... been returned to 1.2 million consumers. Speaking at the FINSIA: The Regulators 2019 conference, ASIC deputy chair Karen Chester said "doing the right thing", particularly when dealing with non-financial risks, is a commercial "must have". "Fairness ...

ASIC product intervention to commence

JAMIE WILLIAMSON | THURSDAY, 27 JUN 2019

... The product intervention power is an incredibly important addition to ASIC's regulatory toolkit, ASIC deputy chair Karen Chester said. "ASIC can now step in and respond to significant consumer detriment in a targeted and timely way. But there are also ...

ASIC to strengthen complaints handling

ELIZABETH MCARTHUR | THURSDAY, 16 MAY 2019

... under legislation to have an internal dispute resolution system that meets strict ASIC standards. ASIC deputy chair Karen Chester said: "It is widely acknowledged there is room for much improvement when it comes to handling consumer complaints in our ...

Citi to pay $3m in advice remediation

HARRISON WORLEY | TUESDAY, 16 APR 2019

... ASIC released a report saying consumers are confused by the different types of financial advice. ASIC deputy chair Karen Chester said the gap in understanding meant many consumers were under the false premise their interests were being prioritised, "when ...

Consumers confused by general, personal advice

ELIZABETH MCARTHUR | FRIDAY, 29 MAR 2019

... between 'general' and 'personal' advice, putting them at risk of making poor financial decisions. ASIC deputy chair Karen Chester said: "This disturbing gap in understanding whether the advice they are getting is personal or not means many consumers ...

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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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