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Showing 1001 - 1010 of 1691 results for "Royal"

Trust in advice hits record low

JAMIE WILLIAMSON  |  MONDAY, 12 NOV 2018
... planning is at an all-time low and those engaged in financial advice are significantly less likely to recommend it post-Royal Commission, new research shows. A new survey from Investment Trends asking consumers to rate trust levels out of 10 shows trust ...

FSC revamps life insurer code

KANIKA SOOD  |  MONDAY, 12 NOV 2018
... "Every aspect of the life insurance industry is under the microscope following the poor behaviour brought to light during the Royal Commission," she said. "We owe it to consumers to do a better job. Today with the release of the consultation draft of ...

Banks must reshape to survive compliance and technology crunches

DARREN SNYDER  |  TUESDAY, 6 NOV 2018
... programs and higher costs. "Australian banks are facing significant challenges, both financial and non-financial, with the Royal Commission, regulatory pressures and a rapidly evolving competitive environment all pointing to ongoing sector disruption," ...

Macquarie to front Royal Commission

JAMIE WILLIAMSON  |  MONDAY, 5 NOV 2018
Macquarie Group will front the financial services Royal Commission for the first time when the inquiry reconvenes for its final round of public hearings. Commissioner Kenneth Hayne released the list of entities called to give evidence in the seventh ...

Industry fund chief exits

KARREN VERGARA  |  MONDAY, 5 NOV 2018
... Superannuation Retirement Fund (ACRF) were the subject of failed mergers at the superannuation round of the financial services Royal Commission. Both funds were slammed for wasting a merger opportunity that had clear benefits for members after finding ...

Royal Commission hits Westpac cash earnings

JAMIE WILLIAMSON  |  MONDAY, 5 NOV 2018
... billion. In total, 3.5% of the group's cash earnings were consumed by ongoing legal and remediation costs off the back of the Royal Commission. A total of $281 million was paid out in remediation - an increase of $163 million year-on-year. Much of this ...

Frydenberg boosts APRA funding

HARRISON WORLEY  |  MONDAY, 5 NOV 2018
... comes after criticism was levelled at the prudential regulator for using its formal enforcement powers sparingly. During a Royal Commission hearing in August this year, APRA deputy chair Helen Rowell confirmed the prudential regulator had only once banned ...

One-stop complaints shop opens

DARREN SNYDER  |  THURSDAY, 1 NOV 2018
... Australia's newly-established financial services dispute resolution system expects to play an important role in the wake of the Royal Commission into the sector's misconduct. Australian Financial Complaints Authority chair Helen Coonan said the one-stop-shop ...

ANZ wealth flows decline

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
... remediation costs. Chief executive Shayne Elliot said ANZ has taken action to "fast-track fundamental changes" as a result of the Royal Commission. External legal costs relating to the Royal Commission mounted to $55 million (pre-tax) for the 2018 financial ...

Fintechs in the money, gain confidence

KARREN VERGARA  |  TUESDAY, 30 OCT 2018
... bullish it can grab market share from big banks and incumbents with the advent of open banking and as the fallout from the Royal Commission plays out, EY's latest fintech census shows. With one-in-five fintechs now turning a profit, the sector is confident ...