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Showing 1 - 10 of 36 results for "Cold calling"

Treasury proposes lead generator, super switching reforms

KARREN VERGARA | WEDNESDAY, 8 APR 2026

... also target specific actions of lead generators that are problematic, being the advertising to attract consumers and cold calling. At present, Treasury believes there is some uncertainty about whether lead generation activities constitute "dealing or ...

ASIC reviews lead generators again, names advisers using them

JAMIE WILLIAMSON | WEDNESDAY, 18 FEB 2026

Two years on from a review into cold calling and lead generators, ASIC is launching another into the advice licensees that use them. ASIC said the aim of the review is to address practices that inappropriately or unnecessarily encourage consumers to ...

Super trustees told to up fraud protection game

MATTHEW WAI | WEDNESDAY, 4 FEB 2026

... to prevent such disasters from happening in the first place. SMC said the government should include a crackdown on cold calling and social media ads, with the council suggesting a ban on the "aggressive" selling tactics. A "strong package" of consumer ...

Anti-hawking exemption for advisers a 'silly carve out': SCA

MATTHEW WAI | THURSDAY, 21 AUG 2025

... the consultation, said the removal of the anti-hawking exemption for financial advisers is not a good solution. "Cold calling is not in breach of the anti-hawking law, if they are not actually seeking to sell a financial product. That is the limitation. ...

Unlawful hawking practices re-emerge in SMSFs

MATTHEW WAI | TUESDAY, 11 MAR 2025

... the resurgence of "nefarious" activity. Anti-hawking laws were legislated in 2021 to prohibit unsolicited sales and cold calling, which tend to lead to "poor consumer outcomes". "Such practices are contrary to what our super sector stands for - a long-term ...

Super Members Council renews calls for anti-hawking extension

JAMIE WILLIAMSON | THURSDAY, 13 JUN 2024

... predecessor's calls to extend anti-hawking legislation, slamming a sub-set of financial advisers using social media posts and cold calling to drum up business. Prior to its merger, the Australian Institute of Superannuation Trustees (AIST) was lobbying ...

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON | FRIDAY, 10 MAY 2024

... would have called it out because we like to promote better practice. What we did identify was the intersection with cold calling and aspects of the system that are not up to scratch in supporting members' interests. That's the one trend I'd ...

ASIC slams funds' serious deficiencies over advice fee charges

JAMIE WILLIAMSON | THURSDAY, 9 MAY 2024

... permissible exceptions processes may attract unscrupulous advisers and licensees, including those associated with cold calling operators seeking higher advice fees," it said. In terms of onboarding advisers and licensees, ASIC said better processes identified ...

ASIC clamps down on advisers, trustees cold calling

KARREN VERGARA | TUESDAY, 7 MAY 2024

... either via platform super products offered by APRA-regulated funds or a self-managed superannuation funds (SMSF). The cold calling business receives payments in return. "Many of these models fail to consider insurance policies held through the client's ...

FSCP hands down second order, audits adviser

KARREN VERGARA | WEDNESDAY, 28 JUN 2023

... of the sanction applied. Mr. M's conduct in question, unfortunately, looks to be more common, he pointed out. Cold calling typically employs a third-party marketing agency to secure leads for superannuation funds, followed up with "highly templated ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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