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Search ResultsShowing 1 - 10 of 91 results for "Danielle Press"
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 ...
Former AMP adviser in enforceable undertaking
ELIZABETH MCARTHUR  |  MONDAY, 15 MAR 2021
... financial services must not prioritise their own interests or simply implement client instructions," ASIC commissioner Danielle Press said. "Individuals and organisations entering into court enforceable undertakings with ASIC have binding obligations ...
Dover, McMaster hit with $1.4m penalty
KARREN VERGARA  |  FRIDAY, 5 MAR 2021
... Protection Policy was to exclude or limit Dover's liability to clients to its own financial benefit," ASIC commissioner Danielle Press said. "The significant penalties handed down today demonstrate the seriousness of this misconduct and will act as a ...
ASIC zeroes in on bad SMSF advice, conduct
KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... self-managed super funds, sounding a warning that it is flexing its new powers in superannuation. ASIC commissioner Danielle Press told the recent SMSF Association's National Conference via video link that several key projects are progressing to ...
High Court dismisses Westpac appeal
JAMIE WILLIAMSON  |  WEDNESDAY, 3 FEB 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 ...
Regulators alert trustees of new obligations
KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... distribution obligations. In a letter to trustees co-signed by APRA deputy chair Helen Rowell and ASIC commissioner Danielle Press, the regulators highlighted how the new obligations will interact and where they complement. The Business Performance Review ...
ASIC explores value for money in default group insurance
ELIZABETH MCARTHUR  |  MONDAY, 14 DEC 2020
... accounts have insurance attached, and a majority have the default insurance offered by the fund," ASIC commissioner Danielle Press. "The decisions superannuation trustees make about default insurance arrangements are important because most fund members ...
ASIC to improve default insurance
KARREN VERGARA  |  FRIDAY, 4 DEC 2020
... when designing default categories, ASIC said, adding that there are vast areas of improvements. ASIC commissioner Danielle Press warned that trustees "may be contravening their legal obligations if they fail to ensure that insurance premiums charged ...
AAT refuses Allegra AFSL
ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
... doubts in the AAT's mind as to whether Allegra would be able to deal honestly," the AAT said. ASIC Commissioner Danielle Press said the decision reinforces the recent licensing reforms under the Financial Sector Reform (Hayne Royal Commission Response-Stronger ...
ASIC opens consultation on scaled advice
ANNABELLE DICKSON  |  TUESDAY, 17 NOV 2020
... the 14.9% decrease in financial adviser numbers on the Financial Adviser Register to 21,284. ASIC commissioner Danielle Press added that good-quality affordable personal advice may help consumers make better financial decisions, especially during times ...
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