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Showing 1041 - 1050 of 1691 results for "Royal"

Banks to answer for Hayne report

JAMIE WILLIAMSON  |  MONDAY, 8 OCT 2018
... on October 11, 12 and 19. The hearings will provide an important opportunity to scrutinise the bank chiefs following the Royal Commission, committee chair Tim Wilson said. "Commissioner Hayne's interim report identified incentives in banks against the ...

TAL refutes duty of good faith breaches

HARRISON WORLEY  |  THURSDAY, 4 OCT 2018
TAL has refuted claims made by the Royal Commission that it systemically breached its duty of utmost good faith to policyholders when investigating claims. In a submission to the Royal Commission, the group insurer says it did not breach its duty of ...

AMP defends charging dead clients

HARRISON WORLEY  |  THURSDAY, 4 OCT 2018
... has defended its practice of charging premiums to dead life insurance customers in a submission to the financial services Royal Commission. The wealth manager continued to deduct life insurance premiums from a deceased customer, even after AMP has been ...

Labor Government on the cards: Spot poll

KARREN VERGARA  |  THURSDAY, 4 OCT 2018
... a recession. Labor recently announced that if it comes to power, it will set up a dedicated task force to implement the Royal Commission's final recommendations due next year. Responding to the interim report, acting opposition leader Tanya Plibersek ...

Freedom drops chief, slashes workforce

KARREN VERGARA  |  WEDNESDAY, 3 OCT 2018
... affected by the changes and it will continue to receive admin fees and trailing commissions from current in-force policies. The Royal Commission made a case study out of Freedom during the sixth round, when it was revealed it may have engaged in unconscionable ...

Millennial money changes course after RC

KANIKA SOOD  |  WEDNESDAY, 3 OCT 2018
... Aussie millennials are reluctant to consolidate their superannuation or take on risk while investing after six months of Royal Commission revelations, according to new research. Micro-investing platform Raiz Invest found that nearly 58% millennials are ...

Royal Commission interim report flawed

JAMIE WILLIAMSON  |  WEDNESDAY, 3 OCT 2018
... report lacks understanding of financial advice and appears to have ignored submissions on the issues raised throughout the Royal Commission. That is the view of the Association of Financial Advisers which, in responding to the interim report, said the ...

Industry fund members more satisfied

KARREN VERGARA  |  TUESDAY, 2 OCT 2018
Despite the flak the superannuation industry has received from the Royal Commission, industry fund members are more satisfied with their fund than retail members. This is according to a survey of 50,000 participants conducted Roy Morgan, which pitted ...

Insurance shake-up puts clients first

KARREN VERGARA  |  TUESDAY, 2 OCT 2018
Round six of the Royal Commission exposed systemic issues across the life insurance value chain and its fledgling code of practice that's yet been powerless to stop unethical behaviour. But industry experts say all hope is not lost. Counsels assisting ...

AMP, banks respond to RC interim report

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
AMP and Australia's big four banks have responded to the Royal Commission's interim report on misconduct in the financial services sector. The report, released on Friday, was scathing in its review of Australia's major players in financial services. ...