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Search ResultsShowing 1 - 10 of 100+ results for "Misconduct"
Government opens consultation on key advice reforms
JAMIE WILLIAMSON  |  MONDAY, 19 APR 2021
... oversight of financial advisers, while at the same time strengthening that oversight to ensure that advisers engaged in misconduct are appropriately disciplined under one system," minister for financial services and superannuation Jane Hume said. The ...
Delay breach-reporting law: AFA
KARREN VERGARA  |  FRIDAY, 16 APR 2021
... order to help protect consumers, AFSL holders must follow breach-reporting regulations when representatives engage in misconduct. Hayne recommended that significant breaches and investigations relating to suspected breaches must be reported within 30 ...
Remediation services profiting from Royal Commission failures
ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
... popping up to assist consumers in getting refunds for fee for no service financial advice, junk insurance and other misconduct exposed by the Royal Commission - but they are doing it for a fee. Remediator is one such service, launching just last year. ...
Pahari's pay packet revealed
ELIZA BAVIN  |  THURSDAY, 11 MAR 2021
... completed and while it pleasingly found that AMP does not have a systemic issue with regard to sexual harassment or misconduct in our workplace, it has identified some key improvement areas to meet global best practice standards," Hazelton said. AMP ...
ASIC pursues criminal charges in super
JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAR 2021
... litigation, more than 20 enforcement investigations underway, and multiple surveillances related to potential super trustee misconduct ongoing. The common themes in instances of potential trustee misconduct are trustee competence and oversight, complaints ...
AMP Capital Ethical Leaders dropped by another super fund
ELIZABETH MCARTHUR  |  WEDNESDAY, 10 MAR 2021
... manager. "In recent times, there has been negative press surrounding AMP Capital stemming from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry as well as inappropriate culture within their senior management ...
Dover, McMaster hit with $1.4m penalty
KARREN VERGARA  |  FRIDAY, 5 MAR 2021
... proposed by ASIC carries obvious potential for the defendants to be punished multiple times for the same underlying misconduct," court documents read. In June 2018, ASIC accepted an enforceable undertaking from Dover and McMaster to leave the financial ...
ASIC extends olive branch to inside traders
KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
... and financial services breaches of the law. "ASIC continues to develop and implement new tools to combat and detect misconduct. The Immunity Policy enhances ASIC's ability to identify and take enforcement action against complex markets and financial ...
Woodford flags comeback
KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... at their outset". "Instead, we look at what all the evidence tells us before we make conclusions about what, if any, misconduct has taken place and who is responsible, if it has. It is only then that we can assess what, if any, sanction we should put ...
ASIC to take targeted approach with PIP
ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
... manage both financial and non-financial risks, ASIC will only need to intervene when early warning signs of harm and misconduct require us to do so," Hughes said. "I regard PIP as an extremely important addition to ASIC's regulatory toolkit. It allows ...
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