Tuesday, May 21, 2019

Tag: ASIC

Latest Poll – Capped Commissions Coming to NZ?

The Government is considering capping up-front life insurance commissions and potentially trail too, as detailed in an options paper for its Conduct of Financial...

ASIC Focus on Client Best Interests

For the third consecutive week, Australian regulator ASIC has announced action against advisers over client best interests failures. The latest banning involves two Sydney-based operators...

Insurers Identified in ‘World-First’ Claims Data Release

Detailed individual life company claims records have been released to the Australian public for the first time. In what is claimed to be a world-first,...

Aussie Regulator Commences Legal Action Against AMP Over Life Insurance ‘Rewriting’

Australia's corporate regulator, ASIC, has begun court proceedings against AMP Financial Planning (AMPFP) alleging some of its advisers engaged in conduct to rewrite life-insurance...

Aussie Regulator Says Life Insurance Commissions Will Remain

The head of Australia's corporate regulator ASIC has claimed a recent speech in which he called for the removal of commissions to avoid conflicts...

Australian Regulator Says Removal of Commissions Would End Conflicts of Interest

Australia's corporate regulator, the Australian Securities and Investments Commission (ASIC), has thrown its weight behind the total removal of conflicted remuneration, including commissions, stating there...

AMP Royal Commission Latest

AMP has rejected claims that it may have breached the Australian Corporations Act in its handling of an independent report into ‘fee for no...

Australian Regulator Claims Advice Not Yet a Profession

The financial advice sector in Australia has yet to reach the point that it may be considered a profession, despite containing some professionals within...