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Showing 51 - 60 of 149 results for "Financial Services Royal Commission"

Fee for no service on APRA and ASIC radar

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
... charged without the provision of relevant services, pointing to the controversy exposed by the financial services Royal Commission. "Trustees should consider all necessary steps to make sure that members are clearly aware of fees being deducted from ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
... criticisms it has not effectively regulated the superannuation industry as highlighted by the financial services Royal Commission. APRA's new powers allow it to direct and take action on RSEs that contravene its prudential obligations, and impose ...

Superannuation Consumer Advocate proposal needs work

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... in the sector that is free from industry influence and annual budget cycle pressure." The financial services Royal Commission highlighted the lack of consumer voices in superannuation advocacy and the need for consumers to be assisted through a complex ...

NFP intra-fund advice is not a distribution channel

KARREN VERGARA  |  WEDNESDAY, 3 APR 2019
... she said. While many retail super funds are re-evaluating the advice they provide after the financial services Royal Commission, Bowtell said non-conflicted governance model of profit-to-member funds are in a strong position to provide quality, low-cost ...

Consumers confused by general, personal advice

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAR 2019
... consumers, especially retirees, exposed to the potential risk of financial loss." "And whilst the Financial Services Royal Commission, and the Government's response, dealt with the most egregious risks of hawking of complex financial products, consumer ...

Risk advice a hard sell: Research

KARREN VERGARA  |  THURSDAY, 7 MAR 2019
... life insurance is not without its complexities, and some of the commentary heard since the financial services Royal Commission highlights a genuine lack of understanding of the sector and the interplay between the major channels and product types. "For ...

Grandfathered commissions ban splits industry: Poll

KARREN VERGARA  |  MONDAY, 25 FEB 2019
... Almost an equal number of respondents (47%) worry one of the key recommendations from the financial services Royal Commission will have either a material or severe impact on revenue. Commissioner Kenneth Hayne said in his final report said that there ...

AFCA hears legacy complaints

KANIKA SOOD  |  THURSDAY, 21 FEB 2019
... a limited amount of time. The Federal Government recently extended AFCA's remit after the Financial Services Royal Commission. This means the one-stop shop for financial services complaints will now be able to review eligible financial complaints dating ...

ASIC flags post-RC criminal prosecutions

JAMIE WILLIAMSON  |  WEDNESDAY, 20 FEB 2019
... number of criminal actions to stem from its investigations into misconduct revealed at the financial services Royal Commission. Providing an update on its enforcement work in relation to the Royal Commission, ASIC said enforcement teams are investigating ...

Industry funds wary of stapling default members

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
... sign up the first-time entrants into the superannuation system." In the final report of the financial services Royal Commission handed down last Monday, Hayne came to the same conclusion as the Productivity Commission on the matter - that each person ...