Search ResultsShowing 1 - 10 of 100+ results for "Financial Services Royal Commission"
Netwealth FUA, adviser numbers rise
KARREN VERGARA  |  MONDAY, 19 AUG 2019
... $23.3 billion. Financial results for the end of June 2019 released this morning shows the financial services Royal Commission had an overall positive effect for Netwealth, which saw after-tax net profit jump by 64.7% to $34.3 million. However ...
CBA remediation bill drags performance
KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
... implementing regulatory and compliance initiatives, including recommendations from the financial services Royal Commission, CBA announced to the ASX this morning. Its cumulative spend and provision on rectifying errors further breaks down to ...
EQT welcomes head of insurance
KARREN VERGARA  |  MONDAY, 5 AUG 2019
... Executive general manager of the superannuation trustee office Mark Blair said the financial services Royal Commission, which concluded early this year, threw into sharp focus the importance of a strong and operationally independent trustee ...
Unfair contract terms extended to insurance
KARREN VERGARA  |  FRIDAY, 2 AUG 2019
... Bill 2019 announced this week is the result of the Coalition taking action on the financial services Royal Commission's recommendations. "Removing the exemption for insurance contracts from the UCT regime will ensure consumers and small ...
ASIC warns trustees on employer inducements
KARREN VERGARA  |  THURSDAY, 1 AUG 2019
... breach the civil penalty provisions, they may be fined up to 2400 penalty units. The financial services Royal Commission found some large superannuation funds were spending significant amounts to maintain or establish good relationships with ...
Ban unsolicited life insurance sales: Poll
KARREN VERGARA  |  MONDAY, 29 JUL 2019
... and consumer credit insurance (CCI) sold via call centre staff should be outlawed. The financial services Royal Commission recommended that the unsolicited sales of superannuation and insurance products should be prohibited. ASIC will act on ...
APRA proposes new remuneration standard
KARREN VERGARA  |  TUESDAY, 23 JUL 2019
... before the end of 2019. It will likely take effect in 2021. APRA is acting on the financial services Royal Commission's final recommendations on remuneration reforms. Recommendation 5.1 states APRA should give effect to the principles ...
ASIC moves to ban direct life cold calling
HARRISON WORLEY  |  THURSDAY, 18 JUL 2019
... feeling pressured to make a purchase," Hughes said. "Such a ban is consistent with the Financial Services Royal Commission recommendations, and will provide consumers with further protections from misselling practices now, ahead of wider law ...
NFP funds dominate group insurance market
KARREN VERGARA  |  THURSDAY, 18 JUL 2019
... reflects on the fund's brand, profile and reputation, Rainmaker said. The recent financial services Royal Commission and Productivity Commission put the spotlight on group insurance, proposing fundamental changes to these insurance ...
Modern slavery rife across sectors: Fund manager
KARREN VERGARA  |  MONDAY, 1 JUL 2019
... signals about staff engagement either improving or deteriorating. In the aftermath of the financial services Royal Commission, Carlsson-Sweeny said clients have shown greater interest in the 'governance' side of ESG. They are frequently asking more ...
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