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Showing 91 - 100 of 1236 results for %22Royal Commission%22

Hostplus hits members with new fee

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
... ensure trustees pay certain sanctions out of their own pockets. The changes partly came about in response to the Royal Commission hearing IOOF used member money to pay fines. Hostplus said it consulted with PwC to develop a fair and appropriate methodology ...

Economics Committee to examine rainy day funds

CHLOE WALKER  |  TUESDAY, 8 FEB 2022
... Superannuation Industry (Supervision) Act 1996 were made as part of the government's response to the Hayne Royal Commission to protect the funds of members by preventing trustees from using these funds to pay for fines incurred by their own actions," ...

RI Advice slapped with $6m penalty

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
... affiliated with RI Advice between May 2013 and June 2016. Doyle and RI Advice were closely examined at the Hayne Royal Commission as a case study in "bad advice".

Consumer advocates criticise advice review

ELIZABETH MCARTHUR  |  THURSDAY, 3 FEB 2022
... conflicted remuneration is the root cause of many of the problems in the financial advice sector exposed by the Royal Commission. "This review is supposed to be focused on ending conflicted remuneration in insurance and financial advice, which is the ...

Risk, compliance salaries soar: Data

JAMIE WILLIAMSON  |  TUESDAY, 1 FEB 2022
... are a hot commodity in 2022, as data shows entry-level salaries having increased by a whopping 66% since the Royal Commission. According to Kaizen Recruitment, this year continues to see upward pressure on salaries in the risk and compliance space. While ...

Inquiry criticises gaps in CSLR

KARREN VERGARA  |  MONDAY, 31 JAN 2022
... to recover from a significant loss, bearing the cost of misconduct, as we saw in the years leading up to the royal commission," he said. Limiting the scope of the CSLR to the financial advice and specific sub-sectors has also been widely slammed as advisers ...

Quality of Advice must consider digital: Ignition

ELIZABETH MCARTHUR  |  MONDAY, 31 JAN 2022
... enable the provision of high quality, accessible and affordable financial advice for retail investors". "Since the Royal Commission, these goals have been contradictions in terms - the quality of advice may have improved, but accessibility and affordability ...

FSC names acting chief executive

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
... Passport, two Life Insurance Codes and the Stewardship Code for fund managers. Loane was grilled at the Hayne Royal Commission where she struggled to answer basic questions about the dodgy sales practices of life insurers.

Labor pledges calm in superannuation

KARREN VERGARA  |  WEDNESDAY, 15 DEC 2021
... Highlighting the conflicts on interests that exist in vertically integrated organisations as exposed by the Hayne Royal Commission, Jones said it would be naive to think that this only exists with advisers attached to retail funds. Hume agreed, saying ...

De Ferrari returns to Credit Suisse

KARREN VERGARA  |  TUESDAY, 14 DEC 2021
... Suisse veteran took the reins at AMP on 1 December 2018 as the firm grappled with the fallout from the Hayne Royal Commission. De Ferrari was hired on a rolling contract with either party being able to terminate on six months' notice. Alexis George ...