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RECAP: Advice in the Royal Commission spotlight (Day 4 and 5)
KANIKA SOOD  |  FRIDAY, 20 APR 2018
As the Royal Commission disbands for the week, Financial Standard summarises all the evidence heard on day four and five of the financial advice industry's turn before Commissioner Kenneth Hayne.
ROYAL COMMISSION: Top stories
JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
Missed something? Here's a recap of the most read stories to come out of the first week of the Royal Commission's inquiry into financial advice.
Dead advice clients slugged ongoing service fees
JAMIE WILLIAMSON  |  THURSDAY, 19 APR 2018
The Commonwealth Bank has admitted one of its advice subsidiaries charged ongoing service fees to clients it knew had passed away.
RECAP: Advice in the Royal Commission spotlight
KANIKA SOOD  |  THURSDAY, 19 APR 2018
After three days of the financial services Royal Commission tackling financial advice, Financial Standard summarises the top stories and key points you need to know.
Royal Commission latest: CBA doing more with fewer advisers
KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
It took Commonwealth Bank two years to notify ASIC its financial advisers were failing to meet ongoing service obligations - all during a time when it slashed adviser numbers and doubled its client base.
CFSGAM prepares IPO, names board candidates
DARREN SNYDER  |  TUESDAY, 17 APR 2018
Colonial First State Global Asset Management will work towards an initial public offering and listing on the Australian Securities Exchange following a strategic review from its parent bank.
Treat real estate agents like advisers: REIA
ALEX BURKE  |  TUESDAY, 17 APR 2018
Real estate agents should be treated like financial advisers and be directly remunerated by the real estate vendor, the Real Estate Institute of Australia advised in a Royal Commission submission.
Yarra Capital executive joins AUI board
KANIKA SOOD  |  TUESDAY, 17 APR 2018
A top executive from Yarra Capital Management has joined the board of a $1.2 billion listed investment company.
Social media singles out ASIC in Royal Commission coverage
ALEX BURKE  |  MONDAY, 16 APR 2018
ASIC was a specific target by social media commentators during the first round of hearings for the Royal Commission into Australia's biggest providers of financial advice.
Commonwealth Bank refunding millions in fees for no service
JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
In its three submissions to the Royal Commission, Commonwealth Bank has admitted to at least $118.5 million of fee for no service misconduct.
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