Search ResultsShowing 61 - 70 of 100+ results for "Royal Commission"
NAB, Nippon lock heads over MLC
KARREN VERGARA  |  THURSDAY, 2 MAY 2019
... Elsewhere, NAB's wealth business suffered a $3.8 billion net outflow as the effect of the banking Royal Commission continues to roil its results. The wealth division, which includes financial advice, asset management and superannuation ...
ANZ boosts remediation team
HARRISON WORLEY  |  WEDNESDAY, 1 MAY 2019
... the move was part of its broader attempt to build trust and lead the industry "with purpose" following the Royal Commission and a string of scandals that have harmed the banking and wealth sectors. In boosting its remediation team, ANZ said it ...
Industry funds announce $26bn joint venture
KANIKA SOOD  |  WEDNESDAY, 1 MAY 2019
... deputy chair and chief investment officer be guaranteed these positions in the merged fund. Last year, the Royal Commission public hearings probed failed superannuation fund mergers. When the final report came out in February, one of the ...
APRA self-assesses shortcomings
KARREN VERGARA  |  WEDNESDAY, 1 MAY 2019
... the fitness and propriety of responsible persons, including their skills and experience. Given the banking Royal Commission advocated for the Banking Executive Accountability Regime (BEAR) should be extended to superannuation, APRA said it is ...
Big banks forced to cut costs: Perennial Value
ELIZABETH MCARTHUR  |  WEDNESDAY, 1 MAY 2019
... economic and regulatory outlook, Australia's big banks will look to cut costs as the fallout from the Royal Commission continues. That is the view of Perennial portfolio manager Andrew King, who said ongoing efforts to remediate customers ...
Swiss Re to manage Freedom remediation
KANIKA SOOD  |  TUESDAY, 30 APR 2019
... about 95% since. Freedom is currently divesting all its operations after a scathing year that included the Royal Commission playing recorded calls of a sales person selling insurance to a man with intellectual disabilities. On April 15, the ...
Push for chief executive pay ratio disclosure
ELIZABETH MCARTHUR  |  MONDAY, 29 APR 2019
... investors should not have to tolerate conduct which falls short of community expectations." She added the Royal Commission highlighted the need for change. The new ACSI policy proposal also calls for annual director elections, meaning companies ...
ASA to vote against AMP remuneration
HARRISON WORLEY  |  FRIDAY, 26 APR 2019
... Life last year, which caused concern among shareholders together with enduring the financial services Royal Commission and the fallout it caused AMP. However, the ASX ruled AMP did not require shareholder approval for the sale. ASA will ...
Fire drills needed to meet APRA standards
ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... will test whether entities have met the new standard. "If you think about how APRA was reviewed during the Royal Commission and its recent release of the enforcement approach you'll see that it's maturing itself in its approach this kind of an ...
One third of Australians trust robo-advice
ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... as their faith in the human side of the financial services sector continues to waver following the Banking Royal Commission. Futurist and innovation strategist Anders Sorman-Nilsson said: "Previously, Australians have trusted digital tools with ...
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