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Showing 801 - 810 of 1609 results for "Investigation"

RECAP: Advice in the Royal Commission spotlight (Day 4 and 5)

KANIKA SOOD  |  FRIDAY, 20 APR 2018
As the Royal Commission disbands for the week, Financial Standard summarises all the evidence heard on day four and five of the financial advice industry's turn before Commissioner Kenneth Hayne. Executives from Westpac, CBA and AMP have now made an ...

Royal Commission must be extended: FSU

HARRISON WORLEY  |  FRIDAY, 20 APR 2018
... inquiries of Commissioner Kenneth Hayne should not be halted due to time constraints. Additionally, the FSU believes the investigation should allow for the examination of senior management within Australia's financial services organisations, including ...

Treasurer backs ASIC investigations

DARREN SNYDER  |  THURSDAY, 19 APR 2018
... of false or misleading statements very seriously as does the Government and this is a significant aspect of the investigation." Morrison confirmed ASIC has been engaging closely with the Royal Commission on a range of matters including current and ongoing ...

Dead advice clients slugged ongoing service fees

JAMIE WILLIAMSON  |  THURSDAY, 19 APR 2018
... this instance, the committee determined that a possible warning would be issued, depending on the outcome of deeper investigation. At the same meeting, the committee was made aware of another adviser receiving ongoing service fees from a client that ...

Royal Commission latest: CBA doing more with fewer advisers

KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
... told Hodge that based on her interpretation of the memo, the issues highlighted were "unknown" and required further investigation. With his frustration clearly showing, Hodge said Perkovic's attempt to continuously provide unnecessary context and not ...

Outgoing CEO name removed from critical AMP report draft

ALEX BURKE  |  TUESDAY, 17 APR 2018
... he had a personal conflict in relation to the report because he was one of the people interviewed as part of the investigation...I can't recall what was said and [whether] it was asked whether it was appropriate to include all of those people," Regan ...

ASIC lifts licence conditions on CountPlus subsidiary

KANIKA SOOD  |  MONDAY, 16 APR 2018
... professional advice principles," Kennedy said. FPA chair Mark Rantall was hired as an independent chairman following ASIC's investigation. The new leadership reframed its governance platforms, re-set remuneration practices and designed and implemented ...

AMP admits to serious misconduct in RC submissions

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... respect of 49 clients. For this, seven customers have so far received $61,777 in compensation. While ASIC's investigation into this is ongoing, five other advisers have been identified as guilty of the same conduct and two have consequently been ...

Royal Commission must cast net wider

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... interests duty introduced under the Future of Financial Advice (FoFA) reforms. Responding to questions about ASIC's investigation into vertically integrated entities, Kell said: "We are looking at other aspects of advice and performance in some of those ...

Default options safeguard retirement savings: Research

JAMIE WILLIAMSON  |  WEDNESDAY, 11 APR 2018
... investment option, the level of voluntary contributions, drawdown strategy, and the financial advice they seek. Further investigation concluded that the "default settings of superannuation plans are 'sticky' and therefore have a large influence on the ...