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Showing 9511 - 9520 of 28277 results for "NOT"

Former NAB adviser charged

JAMIE WILLIAMSON  |  TUESDAY, 23 APR 2019
... March 2016 and December 2016 Eung netted $166,500 from accounts held with MLC and Nulis Nominees despite the account holders not authorising the withdrawals. Eung was a licensed by NAB from May 2015 to December 2016. Prior to this he was a representative ...

Sargon named trustee for new super fund

HARRISON WORLEY  |  TUESDAY, 23 APR 2019
... Mutual aiming to offer a "radical reappraisal" of how life insurance can work. "When you purchase PPS Mutual insurance you're not just a customer, you're a member. This means you have a real stake in the business and the profits generated by the products ...

Superannuation mergers strike oligopoly fears

KARREN VERGARA  |  TUESDAY, 23 APR 2019
... interests of members will require underperforming funds to merge or exit the industry. If trustees and trustee directors are not willing or able to meet their best interests duties to members, they should be prepared to face serious consequences," APRA ...

ASIC bans Gold Coast adviser

ELIZABETH MCARTHUR  |  TUESDAY, 23 APR 2019
... ASIC found that Rodney Peters represented to clients that he had authority to engage in discretionary trading when this was not the case. Peters was previously a director of Australian Share Registry (ASR) - and both he and ASR were authorised representatives ...

AFCA changes could impact PI cover cost: FPA

HARRISON WORLEY  |  TUESDAY, 23 APR 2019
... claims rule on professional indemnity insurance, with fears the cost of PI cover may rise. The FPA is concerned planners may not be covered under professional indemnity insurance for complaints revisited under the proposed AFCA legacy complaints rule ...

Former Dover, Securitor adviser banned

ELIZABETH MCARTHUR  |  THURSDAY, 18 APR 2019
An adviser formerly licenced by Dover Financial Advisers has been banned for failing to provide advice in the best interest of clients. Peter Anthony Chigwidden has been banned for five years following an ASIC investigation. Chigwidden licensed by Dover ...

ANZ dismisses alleged job cuts

KARREN VERGARA  |  THURSDAY, 18 APR 2019
... particularly where we can provide customers a better service through the use of technology." The Financial Services Union has not received any confirmation from ANZ about job cuts as yet. Likewise, CBA is under pressure to disclose the extent of its ...

CBA owes staff $15 million

ELIZABETH MCARTHUR  |  THURSDAY, 18 APR 2019
... "lame", she said. "CBA has told us media reports that it intended to close 300 branches were 'incorrect' but would not deny plans to axe 10,000 to 12,000 staff, suggesting reports to that effect were 'misleading and unnecessarily alarming," ...

NAB remediation bill hits $1.1bn

JAMIE WILLIAMSON  |  THURSDAY, 18 APR 2019
... and in addition to $145 million already paid out to customers since June 2018 and provisions already made in 2H18 that have not yet been distributed. NAB said the key items giving rise to increased provisions include non-compliant advice provided to ...

ASIC targets misleading member communication

KARREN VERGARA  |  WEDNESDAY, 17 APR 2019
... Your Super package (PYSP) reforms, which are due to take effect on 1 July 2019. ASIC Commissioner Danielle Press said: "It is not appropriate for trustees to encourage all members to maintain insurance - many members with inactive accounts will be better ...