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Showing 1 - 10 of 148 results for "Financial Services Royal Commission"

Adviser registration deadline extended again

KARREN VERGARA  |  WEDNESDAY, 20 SEP 2023
... capital raisings. Mandatory adviser registration was a recommendation that stemmed from the Financial Services Royal Commission.

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... shareholders due to a violent drop in share price following allegations of misconduct by the Financial Services Royal Commission. Most of the $110 million settlement will come from AMP's available insurance proceeds. However, AMP said that it makes "no ...

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
... AMP shareholders whose share price tanked following revelations of alleged misconduct by the Financial Services Royal Commission. In May 2019, the NSW Supreme Court ordered the litany of class actions levelled against AMP to merge into one after the ...

Trustees to disclose more remuneration details

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
... shine a light on the impact of risk failures and bad behaviour on remuneration outcomes. "The financial services Royal Commission demonstrated conclusively how poorly designed and executed remuneration frameworks can lead to bad outcomes for the community ...

Financial adviser registration delayed

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
... central registration requirement for financial advisers, in line with recommendation 2.10 of the Financial Services Royal Commission. Treasury said this change was made to give full effect to the new disciplinary system for financial advisers, allowing ...

ANZ told to pay $25m for 20-year failure

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2022
... penalties has resulted from the Royal Commission so far. "The penalties handed down from ASIC's Financial Services Royal Commission enforcement work should act as a reminder to financial institutions that they must invest in their systems to ensure consumers ...

APRA unmasks fund outsourcing impacts

ANDREW MCKEAN  |  THURSDAY, 6 OCT 2022
... of concerns around trustees' management of related party arrangements that emerged from the financial services Royal Commission.

Insurers are 'fishing' for non-disclosures: ASIC

ANDREW MCKEAN  |  FRIDAY, 2 SEP 2022
... claims handling practices in the context of total and permanent disability (TPD) insurance. The Financial Services Royal Commission examined several case studies of egregious conduct in which physical surveillance and non-disclosure investigations were ...

Consumer advocates criticise advice review

ELIZABETH MCARTHUR  |  THURSDAY, 3 FEB 2022
... insurance and financial advice, which is the root cause of many of the problems uncovered by the Financial Services Royal Commission," Consumer Action senior policy officer Cat Newton said. The review's draft terms of references states that it responds ...

Review of ASIC kicks off

ELIZABETH MCARTHUR  |  TUESDAY, 30 NOV 2021
... 2022. Interested parties will have until 28 January 2022 to get their submissions in. "The Financial Services Royal Commission highlighted that while both APRA and ASIC were already subject to a range of external assessment, review and oversight mechanisms ...
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