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|Search Results||Showing 1 - 10 of 20 results for "Sean Hughes"|
|... interests when assisting a client to apply for a product when they have recommended another product. ASIC commissioner Sean Hughes said the consultation will provide more clarity to mortgage brokers. "The obligations properly align the interests of mortgage ...|
|... to stop practices that lead to poor consumer outcomes and destroy trust in the financial system," ASIC commissioner Sean Hughes said. "This action draws a clear line in the sand. From January firms will no longer be able to call consumers out of the ...|
|... insurers lacked clear key claims data to help them effectively manage the risk of consumer harm. ASIC Commissioner Sean Hughes said the regulator found it alarmingly that three TPD claims a day are assessed under the restrictive 'activities of daily ...|
|... clients and withdrew their funds from those accounts, impersonating his clients in the process. ASIC commissioner Sean Hughes said Eung's actions amounted to a breach of client trust for his own advantage. "Mr Eung was trusted by his clients to manage ...|
|... and needs to be - and there is a long history of school banking programs in Australian schools," ASIC commissioner Sean Hughes said. As CBA's Dollarmites is the most prolific of the programs in question, it is sure to attract some comments from concerned ...|
|ASIC commissioner Sean Hughes has made it clear the regulator is already positioning itself to be the primary conduct regulator in superannuation. Speaking at a Risk Management Association Australia event yesterday, Hughes said ASIC's role in regulating ...|
|... other expenses including the repayments under proposed loan) was a measure of suitability, Perram said. Commissioner Sean Hughes commented ASIC took on the case against Westpac because it needed judicial clarification on a legal obligation on lenders. ...|
|... intended to restrict outbound sales of life and funeral insurance in an effort to protect consumers. ASIC Commissioner Sean Hughes said the corporate regulator was determined to step in when consumer trust in "the system" was under threat. He added ASIC ...|
|... voluntarily cancelled their licences and 48 credit licensees were cancelled or suspended by ASIC. ASIC commissioner Sean Hughes said: "ASIC has taken proactive measures to protect consumers from those few financial services licensees and credit licensees ...|
|... telephone sales staff use high-pressure selling and other "unfair sales practices" when selling CCI. ASIC commissioner Sean Hughes said the corporate regulator was "deeply troubled" by the findings in the report, which included the likes of Commonwealth ...|
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The corporate watchdog's executive director of wealth management has nabbed a promotion and will now assume the role of ASIC's executive director of financial services.
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New research has identified that urgent short-term need for money is the main driver for people withdrawing their superannuation savings under the COVID-19 ERS scheme.
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Westpac has agreed to pay a civil penalty of $1.3 billion in relation to its contraventions of the anti-money laundering and counter terrorism laws.
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Victorian Funds Management Corporation has welcomed a head of client and market development to its executive team.
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