Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 61 - 70 of 100+ results for "Peter Kell"

Former adviser cops ASIC reprimand

JAMIE WILLIAMSON  |  FRIDAY, 24 MAR 2017
... standing as an alternative to administrative action against Wilson. Commenting on the outcome, ASIC deputy chairman Peter Kell said: "Consumers need to have confidence and trust in their financial advisers." "ASIC will use all regulatory means available ...

ASIC permanently bans Queensland adviser

KARREN VERGARA  |  THURSDAY, 23 MAR 2017
... a deliberate and repeated act of dishonesty, displaying a lack of integrity and professionalism. ASIC deputy chair Peter Kell said ASIC will ensure financial advisers who behave dishonestly are removed from the financial services industry. "[Logan's] ...

Major ASIC project finds serious financial advice concerns

ALEX BURKE  |  FRIDAY, 17 MAR 2017
... since the period of conduct under review, supported by recent legislative and regulatory reforms," ASIC deputy chair Peter Kell said. "However, there is further work to be done to assist in re-building consumer trust and confidence in the financial advice ...

False ASIC licensing claims lead to closure

JAMIE WILLIAMSON  |  WEDNESDAY, 8 MAR 2017
... the benefits of direct land ownership by equating investment amounts to land size, for example. ASIC deputy chairman Peter Kell said: "Financial products must not be promoted in a way that could mislead consumers about the benefits of the product or ...

ASIC bans Melbourne insurance broker

EMMA RAPAPORT  |  FRIDAY, 24 FEB 2017
... is licenced with an AFS license lodge an annual auditor's report and financial statements with ASIC. Deputy chairman Peter Kell reassured the public that ASIC will act to remove those who behave without regard to their obligations to their clients, adding ...

ASIC watching SMSF advice closely

JAMIE WILLIAMSON  |  MONDAY, 20 FEB 2017
... of SMSFs, as the regulator continues its work to lift the standard of financial advice in Australia. Deputy chairman Peter Kell informed delegates at the 2017 SMSF Association National Conference that ASIC will engage in 'shadow shopping' over the next ...

ASIC targets NAB super after compliance breakdown

ALEX BURKE  |  THURSDAY, 2 FEB 2017
... standards in the superannuation industry, including vertically integrated financial services licensees," ASIC deputy chair Peter Kell said. ASIC acknowledged NAB's cooperation throughout its investigation. Commenting on this, NAB acting executive general ...

Sydney firm sees AFSL cancelled

EMMA RAPAPORT  |  WEDNESDAY, 18 JAN 2017
... years. Core Insurance, which trades as Ferme, has held its AFSL since October 2012. In a statement, ASIC deputy chair Peter Kell indicated that failure to comply with financial reporting obligations can be an indicator of a poor compliance culture. "Licensees ...

Regulator finalises ANZ compliance review

ALEX BURKE  |  FRIDAY, 23 DEC 2016
... compliance breaches requiring total refunds and compensation of around $4.5 million. At the time, ASIC deputy chair Peter Kell said: "Appropriate compliance and systems to monitor compliance are essential for banks to adhere to their AFS obligations. ...

Suncorp fined for consumer credit breach

ALEX BURKE  |  FRIDAY, 23 DEC 2016
... collections activity, including telephone calls or letters from Suncorp's debt collections staff." ASIC deputy chair Peter Kell said: "'Companies engaging in credit activity need to ensure that their systems have rigorous checks and balances, so that ...