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Showing 761 - 770 of 1609 results for "Investigation"

Tenders on the menu for UK pension schemes

HARRISON WORLEY  |  TUESDAY, 24 JUL 2018
... clients" - giving trustees the ability to evaluate the performance. Chair of the CMA's investment consultant market investigation, John Wotton, highlighted the importance of value in the sectors underpinning the UK's pension schemes. "We're concerned ...

CBA should have done more: Federal Court

HARRISON WORLEY  |  WEDNESDAY, 11 JUL 2018
... will be applied to the benefit of the community, with the bank set to lose a further $5 million in covering ASIC's investigation and legal costs. In handing down the penalty, Justice Beach said the total of $25 million in payments owed by the bank should ...

Super funds countdown to Royal Commission

KARREN VERGARA  |  MONDAY, 9 JUL 2018
... products to vulnerable members of remote communities, namely Select AFSL's sales practices following an ASIC investigation. Select terminated its agreement to distribute and promote St Andrews funeral insurance products on 19 March 2018. During that ...

CBA, ANZ told to clean up superannuation distribution

KANIKA SOOD  |  FRIDAY, 6 JUL 2018
An ASIC investigation alleges Commonwealth Bank and ANZ branches offered superannuation products to customers at the end of general fact-finding processes, which the customers may have mistaken as "personal" advice rather than "general" advice. Commonwealth ...

Dover advisers turn orphans

JAMIE WILLIAMSON  |  FRIDAY, 6 JUL 2018
... Dover. It was also announced that Dover founder Terry McMaster will exit the advice industry. ASIC confirmed an investigation into the dealer group - often referred to as a licensee of last resort - commenced in 2017 with a particular focus on its client ...

Phone life insurance sales 'hawking' customers: Royal Commission

KARREN VERGARA  |  FRIDAY, 6 JUL 2018
... believe the firm engaged in misconduct selling life insurance similar to the way it sold funeral insurance. An ASIC investigation of phone-based practices found Let's Insure, a subsidiary of Select AFSL, had three times more inappropriate life insurance ...

Dover AFSL cancelled, McMaster exits industry

JAMIE WILLIAMSON  |  FRIDAY, 29 JUN 2018
... Advisers and Terry McMaster will leave the financial services industry. ASIC confirmed the action resulted from an ASIC investigation which commenced in 2017, with a particular focus on the dealer group's client protection policy. ASIC first raised its ...

Former NAB, AMP adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 28 JUN 2018
... adviser at NAB, AON and Tynan Mackenzie before transferring to AMP's wholly-owned Ipac Securities subsidiary. An ASIC investigation found that between 2007 and 2013, Cowper had recommended gearing strategies when clients could not afford them. He also ...

ASIC takes civil action against AMP

HARRISON WORLEY  |  WEDNESDAY, 27 JUN 2018
... representative comply with the financial services laws." In response, AMP said it has been co-operating with ASIC's investigation on the matter, which commenced in 2014. ASIC's pleadings in particular relate to the conduct of former AMPFP adviser, Rommel ...

ASIC bans former adviser on IPO conduct

KANIKA SOOD  |  WEDNESDAY, 27 JUN 2018
... have the minimum number of unrelated shareholders - before it's stock can be quoted on the ASX for trading. ASIC's investigation into Kawecki found that he gave false information regarding the identity of beneficial shareholders of shares that he applied ...