Search ResultsShowing 1 - 10 of 58 results for "Danielle Press"
ASIC nudges robo-adviser to shutter
ELIZABETH MCARTHUR  |  FRIDAY, 18 OCT 2019
... situations were inadequate. Lime FS decided to close both tools. Both websites are now defunct. ASIC commissioner Danielle Press said: "Digital advice tools offer a convenient and low-cost alternative to consumers who may otherwise not seek personal ...
SMSFs not for everybody: ASIC
HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... "extremely unlikely" for investors to gain any advantage from managing their own retirement savings. Commissioner Danielle Press said the corporate regulator is concerned that too much of the public's focus on SMSFs is on their potential benefits ...
ASIC bans financial adviser
KRISTI CHENG  |  WEDNESDAY, 28 AUG 2019
... and commissions for himself. He also failed to give a number of his clients a Statement of Advice. Commissioner Danielle Press said ASIC's decision reflects its expectation that financial advisers comply with the law and act in their client's best interests ...
Value but no trust in advice: Report
ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
... barriers. Only 27% have actually ever received financial advice, and only 12% had in the past year. ASIC commissioner Danielle Press explained some of the factors holding Australians back from accessing advice. "While Australians believe financial advisers ...
AMP MDA constraints frustrate advisers
ELIZABETH MCARTHUR  |  MONDAY, 5 AUG 2019
... necessary to properly execute an MDA. It is not known when the licence conditions may be lifted. ASIC commissioner Danielle Press said at the time the conditions were imposed: "ASIC expects to see improvements in the standards of supervision, conduct ...
ASIC warns trustees on employer inducements
KARREN VERGARA  |  THURSDAY, 1 AUG 2019
... Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019 , which passed on April 4. ASIC Commissioner Danielle Press said the recent amendments mean civil and criminal penalties can be imposed on trustees that don't comply with the ...
Sam Henderson cops ASIC ban
KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
... failed to disclose this interest to its clients in two Financial Services Guides given to them. ASIC commissioner Danielle Press said: "Financial advisers are required by law to act in the best interests of their clients and prioritise clients' interests ...
Managed investment scheme operator AFSL canned
ELIZABETH MCARTHUR  |  FRIDAY, 12 JUL 2019
... Krejci of BRI Ferrier was appointed voluntary administrator of Australian Mutual on June 28 2019. ASIC commissioner Danielle Press said of the licence cancellation: "A key priority for ASIC is ensuring that responsible entities take their duty to act ...
Former financial adviser jailed
ELIZABETH MCARTHUR  |  THURSDAY, 11 JUL 2019
... his clients about the value of their investment portfolios in an effort to cover up his theft. ASIC commissioner Danielle Press said: "Clients need to be able to trust their financial advisers, and in this case, Mr Gibbs breached that trust." She explained ...
Bristol Street adviser banned
ELIZABETH MCARTHUR  |  FRIDAY, 28 JUN 2019
... advice on debt reduction and cash flow - even when clients specifically requested that advice. ASIC commissioner Danielle Press said: "When providing personal advice, ASIC expects financial advisers to take reasonable steps to understand their clients' ...
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