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Showing 1 - 10 of 11 results for "Shonky"

AFA defends industry against Labor attack

KARREN VERGARA  |  MONDAY, 21 JUN 2021
... this bill, because the risk is that the people who will benefit most from these arrangements are financial advisers giving shonky advice - the kind of advice we've seen again and again and again, the kind of advice exposed in the Hayne Royal Commission," ...

Latitude IPOs despite spotted past

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 APR 2021
... remained an issue for the company. In 2020 Harvey Norman and Latitude Finance had the inauspicious honour of winning Choice's Shonky Award for credit cards offered through Harvey Norman. Consumer advocate group Choice called Latitude "a company that ...

ATO clamps down on auditor number misuse

ELIZABETH MCARTHUR  |  THURSDAY, 20 FEB 2020
... only 40% responded. We were hoping there'd be a higher rate." An audience member said he responded after finding a "shonky" fund claiming he audited it. Fletcher found tax returns with audit reports falsified for an SMSF with her name and signature ...

AMP shamed by CHOICE

ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
CHOICE has awarded AMP a Shonky for its "grossly underperforming" superannuation division, highlighting the AMP Retirement Trust and Super Savings Trust products. The consumer advocacy group said 55.5% of AMP's superannuation customer base comes from ...

ASIC moves on Dollarmites

HARRISON WORLEY  |  FRIDAY, 19 OCT 2018
... said. Jones reiterated statements he made earlier this month after CHOICE awarded the bank's Dollarmites program with a Shonky award, adding the longstanding program was voluntary for schools and parents. "Participation in CommBank's 87-year old school ...

Ban Dollarmites: Spot poll

KARREN VERGARA  |  MONDAY, 15 OCT 2018
... financial literacy at a young age. CBA recently came under fire for its 87-year-old Dollarmites program after it was awarded a Shonky award from consumer advocacy group CHOICE. CHOICE said the program was designed to turn children into long-term customers ...

CBA fires up over Dollarmites criticism

HARRISON WORLEY  |  FRIDAY, 5 OCT 2018
... since 1931," Jones said. The response comes after consumer advocacy group CHOICE awarded the Dollarmites program with a Shonky award, claiming the program was designed to turn children into long-term customers of the bank and doesn't actually promote ...

Reskilling: A worthy purpose for super?

JAMIE WILLIAMSON  |  WEDNESDAY, 14 FEB 2018
... legislated but said it must contain a certain standard of accreditation to prevent people handing their super over to "shonky education providers and get no benefit out of it." While conceding it to be a worthy purpose, BT Financial Group general manager ...

ASIC concerned about SMSFs, warns spruikers

LAURA MILLAN  |  THURSDAY, 17 JUL 2014
... breaches, "regulatory action will be sought and we will look to issue an alert to industry and the public to be wary of shonky selling tactics at SMSF seminars." He revealed that ASIC's SMSF taskforce has set up "a small project team" to explore the ...

ASIC bans "deceptive" planner for five years

ALISON BEVEGE  |  FRIDAY, 6 MAY 2011
Corporate watchdog ASIC has banned a financial planner for five years after he tricked his clients with shonky advice which included arranging margin loans for them, it said today. ASIC said Ian John Weaver of Clear Island Waters, Queensland, broke ...
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