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Showing 971 - 980 of 1610 results for "Investigation"

Up to 2.4m super members affected by CommInsure scandal

MARK SMITH  |  THURSDAY, 10 MAR 2016
... allegations which have rocked insurance company CommInsure, according to Rainmaker Information estimates. A joint investigation by Fairfax the ABC's 4 Corners alleged the company pressured doctors into changing their assessments of customers to avoid ...

Senate to investigate life industry

DARREN SNYDER  |  TUESDAY, 8 MAR 2016
A Senate inquiry originally set to scrutinise Australia's financial advice industry has again deepened its investigations by adopting calls to examine the country's life insurance sector. With support from all sides of politics, Senator John Williams ...

Narev apologetic in face of CommInsure allegations

MARK SMITH  |  MONDAY, 7 MAR 2016
... conduct within the financial services giant, this time within its insurance arm. A joint Four Corners and Fairfax investigation alleged CommInsure knew its trauma insurance contained heart attack definitions that were out of step with contemporary medical ...

ANZ ready to fight ASIC over BBSW

MARK SMITH  |  MONDAY, 7 MAR 2016
... legal action brought by ASIC." ANZ chief risk officer Nigel Williams said: "We have co-operated fully with ASIC's investigation over many months, at a cost of many millions of dollars. This includes actively seeking to resolve the Commission's concerns ...

ACE forced to pay $1m for poor Combined sales culture

MARK SMITH  |  FRIDAY, 26 FEB 2016
ASIC has accepted an enforceable undertaking (EU) from ACE Insurance following an investigation into one of its divisions, Combined Insurance. Under the EU, ACE Insurance is required to appoint an independent expert to review Combined's compliance systems ...

Adviser pleads guilty following ASIC sting

ALEX BURKE  |  FRIDAY, 15 JAN 2016
... financial adviser has pleaded guilty in the Maroochydore Magistrates Court to dishonest conduct following an ASIC investigation. Darren Wise was a former representative for a practice known at the time as Financial Planning Services. From 2000 until ...

ASIC hits ex-ANZ adviser with ban

ALEX BURKE  |  THURSDAY, 14 JAN 2016
ASIC has banned a former ANZ bank adviser for 10 years. According to ASIC's investigation, Ben Cheung engaged in misconduct between April 2013 and March 2014, during which he was an authorised ANZ representative. ASIC alleged that Cheung forged client ...

ASIC bans NAB-aligned adviser

DARREN SNYDER  |  TUESDAY, 15 DEC 2015
... Commission (ASIC). NAB has welcomed ASIC's action against Mark Tidbury after the bank reported him following an internal investigation. ASIC found Tidbury had recommended clients switch to a different superannuation product in circumstances where there ...

ASIC grilled on whistleblower compensation

LAURA MILLAN  |  MONDAY, 9 NOV 2015
... $325,000 for a former investment firm employee who tipped the regulator with information that allowed it to open an investigation and uncover fraudulent activity. The whistleblower provided a detailed description of the misconduct and specifically identified ...

ASIC bans SMSF adviser

ALEX BURKE  |  MONDAY, 9 NOV 2015
... preservation orders against Pearson and restrained her from providing financial advice, following ASIC's initial investigation. The regulator has said that the investigation is ongoing. "If a financial adviser engages in dishonest conduct, ASIC will ...