Search ResultsShowing 1 - 10 of 38 results for "Banking Royal Commission"
Industry wide pay cut for boards
ELIZABETH MCARTHUR  |  TUESDAY, 4 JUN 2019
... Governance Institute chief executive Megan Motto said: "It is clear that the effects of the Banking Royal Commission are already being felt by Australia's financial institutions, as shareholders and their boards move to act upon ...
Super funds can spearhead infrastructure: Expert
HARRISON WORLEY  |  WEDNESDAY, 29 MAY 2019
... banks go back to their bread and butter," Ong said. Thomas added he found it interesting that the banking Royal Commission peered into vertical integration but chose not to outlaw it. "I think it was interesting that the Royal Commission looked ...
Life insurers prioritise customer service over tech
KARREN VERGARA  |  TUESDAY, 7 MAY 2019
... "As the sector faces increased scrutiny partly owing to the compliance issues identified in the banking Royal Commission, now more than ever, insurers need to be on the front foot in addressing their regulatory requirements. This is one reason ...
ESG enthusiasm booms post-Royal Commission
ELIZABETH MCARTHUR  |  MONDAY, 6 MAY 2019
... and employees, rather than external forces or market pressure. Cottier said fallout from the Banking Royal Commission may be a part of what is driving this internal push for ESG. "Directors being even more aware of the importance of ...
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 ...
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 ...
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 ...
IOOF responds to class action
ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
... Friday on behalf of IOOF shareholders. The class action is a direct result of revelations out of the Banking Royal Commission that IOOF Investment Management and Questor Financial Services, subsidiaries of IOOF, breached their duties as ...
Rejuvenated APRA asserts authority
KARREN VERGARA  |  THURSDAY, 14 MAR 2019
... that APRA has turned a new leaf following several issues and recommendations raised from the banking Royal Commission. Part of its new strategy is to "weed out" underperforming funds, products and options. Trustees that fail to live up to ...
IFM Investors adds policy director
KARREN VERGARA  |  THURSDAY, 28 FEB 2019
... necessarily sound like a good idea. Commenting on Commissioner Kenneth Hayne's recommendation in the banking Royal Commission final report, Dean said stapling may potentially encourage errant behaviour as funds try to sign up the first-time ...
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