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Showing 81 - 90 of 304 results for %22Peter Kell%22

False ASIC licensing claims lead to closure

JAMIE WILLIAMSON  |  WEDNESDAY, 8 MAR 2017
... the benefits of direct land ownership by equating investment amounts to land size, for example. ASIC deputy chairman Peter Kell said: "Financial products must not be promoted in a way that could mislead consumers about the benefits of the product or ...

ASIC bans Melbourne insurance broker

EMMA RAPAPORT  |  FRIDAY, 24 FEB 2017
... is licenced with an AFS license lodge an annual auditor's report and financial statements with ASIC. Deputy chairman Peter Kell reassured the public that ASIC will act to remove those who behave without regard to their obligations to their clients, adding ...

ASIC watching SMSF advice closely

JAMIE WILLIAMSON  |  MONDAY, 20 FEB 2017
... of SMSFs, as the regulator continues its work to lift the standard of financial advice in Australia. Deputy chairman Peter Kell informed delegates at the 2017 SMSF Association National Conference that ASIC will engage in 'shadow shopping' over the next ...

ASIC targets NAB super after compliance breakdown

ALEX BURKE  |  THURSDAY, 2 FEB 2017
... standards in the superannuation industry, including vertically integrated financial services licensees," ASIC deputy chair Peter Kell said. ASIC acknowledged NAB's cooperation throughout its investigation. Commenting on this, NAB acting executive general ...

Sydney firm sees AFSL cancelled

EMMA RAPAPORT  |  WEDNESDAY, 18 JAN 2017
... years. Core Insurance, which trades as Ferme, has held its AFSL since October 2012. In a statement, ASIC deputy chair Peter Kell indicated that failure to comply with financial reporting obligations can be an indicator of a poor compliance culture. "Licensees ...

Regulator finalises ANZ compliance review

ALEX BURKE  |  FRIDAY, 23 DEC 2016
... compliance breaches requiring total refunds and compensation of around $4.5 million. At the time, ASIC deputy chair Peter Kell said: "Appropriate compliance and systems to monitor compliance are essential for banks to adhere to their AFS obligations. ...

Suncorp fined for consumer credit breach

ALEX BURKE  |  FRIDAY, 23 DEC 2016
... collections activity, including telephone calls or letters from Suncorp's debt collections staff." ASIC deputy chair Peter Kell said: "'Companies engaging in credit activity need to ensure that their systems have rigorous checks and balances, so that ...

Super skimming adviser permanently banned

JAMIE WILLIAMSON  |  MONDAY, 19 DEC 2016
... dishonest and a betrayal of client trust, while also deceiving PIS and the trustee of the super fund. ASIC deputy chair Peter Kell said: "ASIC will take action to remove dishonest persons from the financial services and credit industry to protect the ...

ASIC bans Sydney adviser

JAMIE WILLIAMSON  |  FRIDAY, 16 DEC 2016
... Protect Ensure's business-related expenses. Some investors lost their invested funds entirely. ASIC deputy chairman Peter Kell said: "ASIC will take action against financial advisers who mislead their clients. We will investigate and take action of such ...

Former ANZ planner cops ban

JAMIE WILLIAMSON  |  MONDAY, 12 DEC 2016
... had signed in previous years and falsifying dates on the copied items. Commenting on the case, ASIC deputy chairman Peter Kell said: "Financial advisers are important gatekeepers who must act honestly to increase broader public confidence in the financial ...