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Showing 1071 - 1080 of 1257 results for "Royal Commission"

Royal Commission sees increased ASIC, APRA funding

ALEX BURKE  |  TUESDAY, 8 MAY 2018
Both ASIC and APRA will receive additional payments from the Government in light of the financial services Royal Commission. ASIC will receive $10.6 million over two years from 2017-18 and APRA will receive $2.7 million in 2018-19. The Government said ...

Three AMP directors step down

ALEX BURKE  |  TUESDAY, 8 MAY 2018
... further board renewal. Investors need reassurance that the poor culture and governance practices exposed at the Royal Commission have been banished and new perspectives installed," ACSI chief executive Louise Davidson said. "There is a link between what ...

The tools to capture quality

HARRISON WORLEY  |  TUESDAY, 8 MAY 2018
... incentive structures in Australia's large financial institutions were placed under the microscope during the Royal Commission - an element of pressure that eventually forced ANZ to cull sales incentives for its financial planners. Kelly then examines ...

Federal government responds to white collar crime Senate inquiry

KANIKA SOOD  |  MONDAY, 7 MAY 2018
... acting on recommendations to tighten self-reporting and industry codes as it waits for the dust to settle on Royal Commission findings. In its response to the Senate Inquiry into White Collar Crime set up in 2015, the government cited the 50 recommendations ...

Industry wants one-stop-shop professional body: Poll

KARREN VERGARA  |  MONDAY, 7 MAY 2018
... prefer professional bodies to continue to separately govern members' code of conduct as is. Round two of the Royal Commission, which took place between April 16 and 27, scrutinised several shortcomings of the professional associations' ability to protect ...

ANZ culls sales incentives for planners

KANIKA SOOD  |  MONDAY, 7 MAY 2018
... out if they fail an audit twice, the bank announced today. As ANZ attempts to revive its advice business after Royal Commission hearings and ahead of IOOF acquisition, chief executive Shayne Elliott admitted the bank had failed some of its financial ...

David Murray becomes AMP chair

ALEX BURKE  |  FRIDAY, 4 MAY 2018
... confidence in the company and to restore shareholder value." Catherine Brenner resigned as AMP's chair following the Royal Commission. She said departing the board would "act as a step towards restoring trust and confidence in AMP."

Former industry fund CEO moves to AMP

DARREN SNYDER  |  FRIDAY, 4 MAY 2018
... at Transfield and Goodman Fielder. The appointment comes at a time when AMP has faced much scrutiny over its Royal Commission appearances, including several proposed class actions. In September 2017, LGS announced Lambert's successor. Its newly-minted ...

Fees for no service an old issue: AMP

DARREN SNYDER  |  FRIDAY, 4 MAY 2018
Responding to Royal Commission findings, AMP says its fees for no service issue is old news; preparation of a Clayton Utz report into the issue has been overstated; and its misleading representations to ASIC have also been overstated. The 28-page response ...

Macquarie platform, wrap businesses soar

KARREN VERGARA  |  FRIDAY, 4 MAY 2018
... contributed $560 million to the bottom line, up 9% year-on-year. Platforms were a hot topic in the financial services Royal Commission last month. Commissioner Kenneth Hayne described AMP's fee structure as a "collection mechanism" that automatically ...