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Showing 51 - 60 of 158 results for "Practice of"

Grandfathered commissions on the outer: Poll

DARREN SNYDER  |  MONDAY, 28 MAY 2018
... making several recommendations to the Royal Commission in second round submissions. Both called for the eliminating the practice of grandfathered advice commissions. ASIC said it was concerned ongoing advice arrangements do not provide a benefit to customers ...

BBSW methodology restores trust

DARREN SNYDER  |  TUESDAY, 22 MAY 2018
... time, the joint statement said. Commonwealth Bank, NAB and ANZ have all been fined over investigations of the alleged practice of intending to create an artificial price for bank bills.

ASIC and FPA submit recommendations to RC

HARRISON WORLEY  |  FRIDAY, 11 MAY 2018
ASIC and the FPA have made several recommendations to the Royal Commission, including eliminating the practice of grandfathered advice commissions. In its second round submission to the Commission, ASIC said it was concerned ongoing advice arrangements ...

Fees for no service an old issue: AMP

DARREN SNYDER  |  FRIDAY, 4 MAY 2018
... said. Fees for no service include instances where AMP charged fees due to an administrative error and through the practice of retaining fees during buy back arrangements known as "ring-fencing" and "the 90-day exception". "Between 2010 and 2016, of the ...

RECAP: Advice in the Royal Commission spotlight (Days 6- 9)

KANIKA SOOD  |  FRIDAY, 27 APR 2018
... before the Royal Commission - as a five minute read. 27 April: It's a wrap ASIC sent an executive to testify on its practice of negotiating the outcomes of enforceable undertakings with financial advice licensees. At the SMSF Expo in Melbourne, SMSF ...

ROYAL COMMISSION: Our top stories

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... advice from Henderson in late- 2016, having come across Henderson's name as the 2016 Association of Financial Advisers' Practice of the Year winner. She said she was also motivated by the fact that she had regularly seen Henderson on television, hosting ...

ASIC grilled over negotiating with banks

ALEX BURKE  |  FRIDAY, 27 APR 2018
The Royal Commission today questioned ASIC over its practice of heavily negotiating enforceable undertaking outcomes with financial advice licensees. Senior Counsel Assisting Rowena Orr asked ASIC senior executive leader - financial advisers, Louise ...

Royal Commission grills professional associations

KARREN VERGARA  |  THURSDAY, 26 APR 2018
... not happy with Henderson's tone and what he was potentially insinuating. Orr questioned the logic behind the FPA's practice of reaching an appropriate disciplinary action with the member over imposing immediate sanctions. The negotiations with Henderson ...

High profile adviser under fire

JAMIE WILLIAMSON  |  THURSDAY, 26 APR 2018
... advice from Henderson in late- 2016, having come across Henderson's name as the 2016 Association of Financial Advisers' Practice of the Year winner. She said she was also motivated by the fact that she had regularly seen Henderson on television, hosting ...

AMP deliberately misled ASIC over ongoing fees

ALEX BURKE  |  TUESDAY, 17 APR 2018
... suggest that there was a common understanding amongst a number of different teams at AMP that there had been a separate practice of ring-fencing going on throughout the period after 2015," Hodge said. "Yes, I think that's correct," Regan responded. Hodge ...