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

Search Results

Showing 71 - 80 of 95 results for "ASIC Commissioner Danielle Press"

Former Apogee, GPS Wealth advisers banned

JAMIE WILLIAMSON  |  THURSDAY, 7 NOV 2019
... Practitioners Board website, he is a member of the Association of Financial Advisers. Commenting, ASIC commissioner Danielle Press said: "Financial advisers are expected to understand their clients' personal circumstances and take those circumstances ...

ASIC puts trustees on notice

ELIZA BAVIN  |  THURSDAY, 31 OCT 2019
... appropriate context about the reforms and tailoring communications to the needs of their members." ASIC commissioner Danielle Press said: "The superannuation industry needs to learn from what happened earlier this year when trustees communicated with ...

ASIC imposes AFSL conditions on IOOF

JAMIE WILLIAMSON  |  MONDAY, 28 OCT 2019
... sector and ensuring that investors' best interests are the highest priority of fund managers," ASIC commissioner Danielle Press said. "ASIC will use its licensing power, including through the imposition of tailored licence conditions to address governance ...

ASIC nudges robo-adviser to shutter

ELIZABETH MCARTHUR  |  FRIDAY, 18 OCT 2019
... situations were inadequate. Lime FS decided to close both tools. Both websites are now defunct. ASIC commissioner Danielle Press said: "Digital advice tools offer a convenient and low-cost alternative to consumers who may otherwise not seek personal ...

Value but no trust in advice: Report

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
... barriers. Only 27% have actually ever received financial advice, and only 12% had in the past year. ASIC commissioner Danielle Press explained some of the factors holding Australians back from accessing advice. "While Australians believe financial advisers ...

AMP MDA constraints frustrate advisers

ELIZABETH MCARTHUR  |  MONDAY, 5 AUG 2019
... necessary to properly execute an MDA. It is not known when the licence conditions may be lifted. ASIC commissioner Danielle Press said at the time the conditions were imposed: "ASIC expects to see improvements in the standards of supervision, conduct ...

ASIC warns trustees on employer inducements

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
... Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019, which passed on April 4. ASIC Commissioner Danielle Press said the recent amendments mean civil and criminal penalties can be imposed on trustees that don't comply with the ...

Sam Henderson cops ASIC ban

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
... failed to disclose this interest to its clients in two Financial Services Guides given to them. ASIC commissioner Danielle Press said: "Financial advisers are required by law to act in the best interests of their clients and prioritise clients' interests ...

Managed investment scheme operator AFSL canned

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUL 2019
... Krejci of BRI Ferrier was appointed voluntary administrator of Australian Mutual on June 28 2019. ASIC commissioner Danielle Press said of the licence cancellation: "A key priority for ASIC is ensuring that responsible entities take their duty to act ...

Former financial adviser jailed

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUL 2019
... his clients about the value of their investment portfolios in an effort to cover up his theft. ASIC commissioner Danielle Press said: "Clients need to be able to trust their financial advisers, and in this case, Mr Gibbs breached that trust." She explained ...