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Showing 41 - 50 of 1202 results for "Royal Commission"

CALI hires policy director from FPA

KARREN VERGARA  |  TUESDAY, 14 MAR 2023
... most recent roles being the head of government affairs and managing the bank's reputation as the head of the Royal Commission between 2018 and 2021. CALI launched in late 2022, appointing Cupitt in October to take the reins of the fledgling organisation ...

Government introduces FAR, CSLR Bills

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... introduction of the CSLR and FAR legislation into Parliament as a positive step towards the implementation of the Royal Commission into Banking, Superannuation and Financial Services industry. FSC chief executive Blake Briggs said: "The Assistant Treasurer ...

Super fund advice needs more guardrails: Conference

KARREN VERGARA  |  MONDAY, 27 FEB 2023
... insurers and banks will gain more advice autonomy and the financial services industry will revert to the pre-Hayne Royal Commission era. Levy argued that in formulating the recommendations, she had the consumer front of mind - not the banks, super funds ...

AMP profits, declares first dividend since 2019

JAMIE WILLIAMSON  |  THURSDAY, 16 FEB 2023
... of 2.5c per share after reporting a statutory net profit after tax (NPAT) of $387 million, its first since the Royal Commission came to an end. It marks a significant turnaround for the wealth giant, having last year reported a statutory loss of $252 ...

Super, advice class actions dampen CBA results

KARREN VERGARA  |  WEDNESDAY, 15 FEB 2023
... profits this morning, Commonwealth Bank continues to put out fires from its misconduct stemming from the Hayne Royal Commission, as it looks to tackle several class actions in 2023. One ongoing lawsuit alleges that Colonial First State Investments Limited ...

Put controls in place for super funds: Associations

CASSANDRA BALDINI  |  THURSDAY, 9 FEB 2023
... of the day paid a large sum of money to an organisation to write a report to ignore the recommendations of a Royal Commission," an adviser stated. Levy acknowledged industry fears that funds have conflicting interests which could lead to poor consumer ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
... independent help to avoid poor quality products. This model will entrench the kinds of conflicts that led to the Royal Commission," O'Halloran said. "A poor performing super fund won't advise its members to find a better deal elsewhere. This is dangerous ...

My mind has not been changed: Levy

CASSANDRA BALDINI  |  WEDNESDAY, 8 FEB 2023
... financial advisers (relevant providers)," it reads. Industry fears that the proposal will undo the stitching of the Royal Commission are counteracted by the fact that non-relevant providers will need to uphold the Good Advice Duty. "That part hasn't ...

All financial advice should be tax deductible: FPA

CASSANDRA BALDINI  |  FRIDAY, 3 FEB 2023
... said it broadly supports the decision to implement the Compensation Scheme of Last Resort (CSLR) following the Royal Commission but added the government's proposed model is based on recommendations from "an ageing report" and "out-of-date data." The ...

Cold calling advice firms called out

JAMIE WILLIAMSON  |  WEDNESDAY, 1 FEB 2023
... aware of several financial advice businesses employing intermediaries to gain business this way. Following the Royal Commission, anti-hawking rules related to superannuation products were put in place, however they don't cover financial advice services. ...