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Showing 961 - 970 of 4099 results for "Conduct"

Former Dover adviser banned

ANNABELLE DICKSON  |  THURSDAY, 21 OCT 2021
... eroding. He also did not comply with the additional disclosure requirements when providing product switching advice. The conduct occurred while Sherwal was an authorised representative of Wealth & Risk Management from 22 July 2015 to 4 May 2016 and Dover ...

CFS fined $20m over super misconduct

JAMIE WILLIAMSON  |  TUESDAY, 19 OCT 2021
... members and promotes confidence in superannuation." Handing down his decision today, Justice Murphy found that CFS's conduct "involved false or misleading representations made to approximately 13,000 members of the fund, in a concerted campaign which ...

Colonial First State seeks MySuper redemption

ANNABELLE DICKSON  |  TUESDAY, 19 OCT 2021
... from the first quarter in 2022 resulting in $40 million in savings. The wealth manager is also facing penalties over its conduct in rolling members out of FirstChoice and into its cheaper MySuper product over a period of two years.

ASIC eyes employee super fund choice

KARREN VERGARA  |  MONDAY, 18 OCT 2021
... employers and their superannuation fund provider about influencing employees' choice of super funds. The regulator will conduct a review this financial year on how trustees abide by its requirements and may consider action where misconduct causing ...

ASIC calls for stronger whistleblowing policies

ANNABELLE DICKSON  |  THURSDAY, 14 OCT 2021
... ASIC commissioner Sean Hughes said. ASIC will continue monitoring compliance with whistleblower policies and plans to conduct another review in the future.

FSC advice reforms slash time, costs by 30%

KARREN VERGARA  |  TUESDAY, 12 OCT 2021
... Storniolo said: "Anecdotally, we've been hearing for about two years that the interplay between the FASEA code of conduct, and the Best Interest Duty tests was causing the industry a great deal of angst." Many advice practitioners KPMG interviewed ...

CBA completes review, sued by FWO

ANNABELLE DICKSON  |  TUESDAY, 12 OCT 2021
Commonwealth Bank finalised its three-year action plan by implementing recommendations from a prudential inquiry to improve its governance and culture. At the same time, it has been slammed with court proceedings for underpaying staff over $16 million. ...

ESG investing 2.0 emerges

KARREN VERGARA  |  THURSDAY, 7 OCT 2021
The second iteration of environmental, social and governance investing will require a stronger level of authenticity, accountability and focus on tangible outcomes, according to sustainability experts. A significant shift is taking place in the world ...

ASIC chases $12m from Mayfair

ELIZABETH MCARTHUR  |  THURSDAY, 7 OCT 2021
... regulator claims Mayfair 101 entities should have to pay approximately $12 million in fines for misleading and deceptive conduct, but Mayfair founder James Mawhinney maintains there was no wrongdoing. ASIC is seeking $12 million in penalties from Mayfair ...

Big four bank complaints drop

ANNABELLE DICKSON  |  THURSDAY, 7 OCT 2021
... occasions in 2020/21 AFCA used its powers to refuse to continue considering a complaint because of a representative's conduct. AFCA works directly with the complainant when this occurs.