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Showing 81 - 90 of 99 results for "ASIC deputy chair Peter Kell"

TAL Direct business penalised for advertising

ALEX BURKE  |  WEDNESDAY, 2 DEC 2015
... Promoted benefits of a product must be consistent with what the product will in practice provide." said ASIC deputy chair Peter Kell. Direct income protection insurance can be sold through advisers and some superannuation funds, but due to increasing ...

ANZ pays $13m to saver customers

ALEX BURKE  |  THURSDAY, 12 NOV 2015
... returned to the position they would have held if it were not for the breach occurring at all," said ASIC deputy chair Peter Kell. PSA holders will be issued letters informing them of the current situation.

Court fines SMSF admin for "free setup" ads

ALEX BURKE  |  WEDNESDAY, 4 NOV 2015
... significant financial decision. Consumers should not be misled by advertising, including online," said ASIC deputy chair Peter Kell. "ASIC considers that terms such as 'free' convey a strong impression to consumers and should not be used where there ...

Westpac to refund unwanted insurance

ALEX BURKE  |  THURSDAY, 29 OCT 2015
... designed to do, in order to ensure that customers don't pay for something they don't need," said ASIC deputy chair Peter Kell. "In this case, Westpac customers may have been paying for insurance cover they did not need, either because it covered risks ...

ASIC bans former Westpac-aligned adviser

ALEX BURKE  |  FRIDAY, 16 OCT 2015
... authorisation. "The investing public needs to be able to trust those who provide financial services," said ASIC deputy chair Peter Kell. "ASIC will act to ensure advisers who flout the law and who disregard their legal obligations are removed from the ...

ASIC hits advice firm with more licence conditions

ALEX BURKE  |  FRIDAY, 2 OCT 2015
... deficiencies in licensee guidance and supervision can lead to systemic misconduct by advisers," said ASIC deputy chair Peter Kell. ASIC's statement concluded by acknowledging "the cooperation of TFSA to date in taking steps to acknowledge ASIC's concerns ...

ASIC bans ex-Genesys adviser

ALEX BURKE  |  THURSDAY, 1 OCT 2015
... seeking life insurance can be confident that their adviser will provide appropriate advice," said ASIC deputy chair Peter Kell. Up until his banning, Zelka worked for NEO Financial Solutions. Another NEO adviser, Alfie Chong, who formerly with NAB-aligned ...

Former Madison FG adviser banned

ALEX BURKE  |  TUESDAY, 8 SEP 2015
... "Mr Kolody's conduct demonstrates a clear failure to protect the interests of his clients," said ASIC deputy chair Peter Kell. "Financial advisers must provide appropriate advice, and they must keep adequate records that set out the basis on which the ...

Advice firm pays penalty for misleading claims

MARK SMITH  |  TUESDAY, 21 JUL 2015
... accurate information and are not misled by advertising, including on websites and through social media," ASIC deputy chair Peter Kell said. A statement from ASIC added that as the use of social media for promoting financial products and advice services ...

ASIC bans auditor and adviser

ALEX BURKE  |  WEDNESDAY, 15 JUL 2015
... misconduct, ASIC has permanently banned him from the financial services industry. Commenting on the ban, ASIC deputy chair Peter Kell said: "Mr Gupta's actions were motivated by his own potential gains. For the protection of the public, ASIC will act ...