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Showing 1 - 10 of 189 results for "Conflicted remuneration"

Lead generation a 'conveyor belt of harm': Longo

RIDDHIMA TALWANI  |  THURSDAY, 7 MAY 2026
... relation to financial products or services. Furthermore, changes to capture lead generators under the conflicted remuneration ban is also up for consideration. "We wouldn't let someone perform heart surgery just because they've watched a lot of E.R. ...

ASIC bans former adviser Rhys Reilly for 10 years

KARREN VERGARA  |  MONDAY, 13 APR 2026
... for 10 years for "serious misconduct" in which he flogged the First Guardian Master Fund in return for conflicted remuneration. ASIC's investigation into Reilly, which remains ongoing, found he accepted $100,000 in conflicted remuneration while recommending ...

Concerns raised over super switching consultation

ELIZA BAVIN  |  FRIDAY, 10 APR 2026
... Mulino said. "There's also potentially restrictions you might put on lead generators in relation to conflicted remuneration or other aspects of the way they operate."

Super Consumers Australia raises concerns over Treasury reforms

RIDDHIMA TALWANI  |  THURSDAY, 9 APR 2026
... superannuation sector over the coming months. SMC said the government's proposal lacked detailed review on conflicted remuneration and refreshing official guidance to ensure there are no loopholes in this key protection. "This is missing from the government's ...

Treasury proposes lead generator, super switching reforms

KARREN VERGARA  |  WEDNESDAY, 8 APR 2026
... or products other than superannuation products. Furthermore, changes to capture lead generators under conflicted remuneration ban is up for consideration. These are typically third-party lead generators and their representatives that are not licensees ...

Super trustees told to up fraud protection game

MATTHEW WAI  |  WEDNESDAY, 4 FEB 2026
... funds (SMSFs), the SMC said. The government should also aim to provide clearer guidelines on risks from conflicted remuneration with a refreshed guidance to ensure no "loopholes" are transpiring in key consumer safety protection. "The collapses of Shield ...

RM Capital, SMSF Club to pay $925k over conflicted remuneration

RIDDHIMA TALWANI  |  FRIDAY, 19 DEC 2025
... RM Capital to pay a $575,000 penalty and its authorised representative SMSF Club to pay $350,000 over conflicted remuneration breaches. The penalties follow ASIC succeeding in its case against RM Capital in 2024, in which the court found it failed to ...

SMC makes recommendations to safeguard super

ELIZA BAVIN  |  MONDAY, 17 NOV 2025
... balance for SMSF establishment on the MoneySmart website. Fifth, for ASIC to comprehensively review its conflicted remuneration guidance considering practices highlighted by the two collapses. Sixth, use data-driven surveillance to monitor risk in high ...

Federal Court dismisses Freedom Insurance staff allegations

KARREN VERGARA  |  FRIDAY, 17 OCT 2025
... former director Keith Cohen and quality assurance manager Robert Oayda were involved in contraventions of conflicted remuneration laws between November 2017 and October 2018. ASIC alleged that they were involved in prioritising driving insurance sales ...

Federal Court hammers defunct advice firm with $11m penalty

ANDREW MCKEAN  |  MONDAY, 28 APR 2025
... liquidation, has been slammed with an $11.03 million penalty for providing "cookie cutter" advice and breaching conflicted remuneration laws. Equiti Financial Services paid $130,250 in bonuses to three financial advisers who provided template advice ...
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