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Showing 1 - 10 of 100+ results for "Danielle Press"

ASIC urged to act on common ownership

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
... has been minimal. In discussing the issue of proxy voting and the approaches super funds take, ASIC commissioner Danielle Press said each trustee will have different ways of voting, some will hand it to a proxy adviser or to the investment manager, and ...

Super funds not ready for IDR

ELIZABETH MCARTHUR  |  FRIDAY, 3 SEP 2021
... their complaint will be heard within a reasonable timeframe, and they will be treated fairly," ASIC commissioner Danielle Press said. "How superannuation trustees treat complainants, and learn from complaints, is a true indicator of whether their funds ...

Westpac cops $10.5m fine

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... superannuation products. In doing this, Westpac failed to act in the best interests of their customers," ASIC commissioner Danielle Press said. "Consumers' decisions about their superannuation are significant long-term financial decisions affecting ...

ASIC consults on anti-hawking rules

KANIKA SOOD  |  THURSDAY, 22 JUL 2021
... until August 17. ASIC plans to publish final guidelines in September, for the October start. ASIC commissioner Danielle Press said the reforms strengthen and consolidate the three existing hawking prohibitions into a single prohibition covering all financial ...

Westpac in fresh $87m remediation program

KARREN VERGARA  |  FRIDAY, 2 JUL 2021
... receive a benefit that can be tax advantageous depending on the shareholder's circumstances. ASIC commissioner Danielle Press said Westpac's failure to notify customers of corporate actions means customers may have missed out on various opportunities. ...

Regulators urge wider DDO adoption

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JUN 2021
... evolution in sophistication" over time for both instruments. This first roundtable was hosted by ASIC commissioner Danielle Press and APRA deputy chair Helen Rowell. The chief executives in attendance included Aware Super's Deanne Stewart, Hostplus' ...

Former adviser jailed for six years

KARREN VERGARA  |  WEDNESDAY, 26 MAY 2021
... corporation for five years. His six years' imprisonment comes with a four-year non-parole period. ASIC commissioner Danielle Press commented: "Financial advisers should always allow clients to have direct access to information about their own investments. ...

Super fund whistleblower policies lacking: ASIC

KANIKA SOOD  |  THURSDAY, 20 MAY 2021
... published widely. Speaking at the Conference of Major Superannuation Funds in Adelaide on May 20, ASIC commissioner Danielle Press called attention to drawbacks in whistleblower policy requirements that came into effect earlier this year. "Close to half ...

Long way for super complaints overhaul

KANIKA SOOD  |  THURSDAY, 20 MAY 2021
... responded to in 45 days. Speaking at the Conference of Major Superannuation Funds (CMSF) on May 19, ASIC commissioner Danielle Press shared the results of ASIC's survey of trustees' readiness for the changes which come into effect in less than ...

DDO to simplify general, personal advice

ANNABELLE DICKSON  |  TUESDAY, 30 MAR 2021
... campaign aimed at rolling customers into Westpac products under the banner of general advice," ASIC commissioner Danielle Press said. "By clarifying the distinction between tailored, quality, personal advice in the customer's interest, and general ...
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