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Showing 61 - 70 of 135 results for "Danielle Press"

Former AMP adviser sentenced

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... The sentence shows the court's approach to deterring dishonest acts such as these," said ASIC Commissioner Danielle Press. As Martin was sentenced in the NSW District Court, the judge was clear in his disapproval of the adviser's actions. Judge ...

Lack of independence must be made clear: ASIC

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
... members have given consent for advice fees to be paid from their superannuation choice account. ASIC commissioner Danielle Press said: "The government proposes to introduce legislation implementing the Royal Commission recommendations from 1 July 2020." ...

Queensland adviser barred from industry

ALLY SELBY  |  WEDNESDAY, 26 FEB 2020
... time". It argues Houwing was not "adequately trained or competent to provide financial services". ASIC Commissioner Danielle Press said behaviour like Houwing's tainted the reputation of the financial advice system. "The failure of financial advisers ...

Regulators praise super law reform

ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
... retaining APRA's role as the prudential and member outcomes regulator in superannuation. ASIC commissioner Danielle Press said: "ASIC and APRA have a shared commitment to improving the fitness of the superannuation system for Australians, and we ...

Problems persist with PYSP communication: ASIC

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... members to make certain decisions, and the use of just one channel to communicate with members. ASIC commissioner Danielle Press said a superannuation trustee's approach to member communications is critical for the success of the PYSP reforms. "Our review ...

Former licensee boss banned

JAMIE WILLIAMSON  |  TUESDAY, 11 FEB 2020
... the obligations of financial services providers and make every effort to ensure compliance," ASIC commissioner Danielle Press said. Schroeder did initially apply to the Administrative Appeals Tribunal for a review, also requesting a stay of the decision ...

Fraudulent adviser cops ban, jail time

ELIZABETH MCARTHUR  |  FRIDAY, 24 JAN 2020
... accountant, who misled his clients and misused their funds for the benefit of his own business," ASIC commissioner Danielle Press said. "Accountants and financial advisers are in a position of trust. As demonstrated in this case, ASIC is prepared to ...

ASIC confirms SMSF negative returns

ELIZA BAVIN  |  TUESDAY, 14 JAN 2020
... ASIC answered the question which had been put on notice late last year. The parliament had asked ASIC commissioner Danielle Press if SMSFs with a value under $200,000, on average, produce negative returns. ASIC said: "For the period 2016-17 (and the ...

ASIC urges improved insurance outcomes

ELIZA BAVIN  |  FRIDAY, 13 DEC 2019
... the industry's implementation of the Insurance in Superannuation Voluntary Code of Practice. ASIC commissioner Danielle Press said: "We recognise that there is significant change occurring in relation to insurance in superannuation." "In this dynamic ...

ASIC suspends Melbourne-based AFSL

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
... things necessary to address ASIC's outstanding concerns in relation to its AFSL obligations. ASIC commissioner Danielle Press said: "It is important to get the basics right. A licensee's failure to lodge its financial and audit reports on time indicates ...