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Not enough Compensation & Accountability? Choice Petition

Friday 1 October 2021





 
This month will see six  reforms based on the royal commission recommendations come into action. 

However, this week also saw consumer activities Choice calling for signatories to petition for the Treasurer to do more and to move more quickly with the Royal Commission reforms.   

Choice said, “Last year, the government promised to pa...

By Kwame Slusher

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List: Some Articles of Interest

Friday 1 October 2021






 

 


By Kwame Slusher

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Short List of Penalties 27 September -1 October

Friday 1 October 2021


 
 
Pure Strategy has lost its financial licence for failing to comply with general obligations.  Former financial adviser Frederick Steven Ackerman has been banned from for four years because they failed to act in the best interest in the clients between 2019 and 2021. 


The Dairy Farmers Milk Co-operative has paid $11 100 for failing to c...

By Kwame Slusher

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From the Archive: Do you have a handle on your financial advertising?

Friday 1 October 2021

 



Financial advertisements are an area that the Australian Securities and Investment Commission (ASIC) has its eye on. 

Earlier this year, ASIC commenced proceedings against Allianz Australia and AWP Australia for misleading behaviour around the sale of travel insurance. Similarly, Colonial First State found itself in the regulator...

By Kwame Slusher

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