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Showing 1081 - 1090 of 1257 results for "Royal Commission"

NAB to divest MLC

ALEX BURKE  |  THURSDAY, 3 MAY 2018
... briefing, NAB chief executive Andrew Thorburn said the divestment has "nothing to do with what has come out in the Royal Commission," and that the process began in June 2017. The Commission recently referred to a breach report concerning 325 NAB staff ...

Chief economist update: A$ falls to the occasion

BENJAMIN ONG  |  WEDNESDAY, 2 MAY 2018
... sector oversight, a weaker housing market, rising bank funding costs, pressure on its financial sector from a Royal Commission into its misconduct, and political uncertainty." I couldn't have said it any better myself. For sure and for certain, these ...

Uncertainty abounds future of advice regulation

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
Testimony provided to the Royal Commission by key financial advice associations and the corporate regulator raised concerns as to the organisations' efficacy in identifying and penalising misconduct. In closing the Royal Commission's inquiry into financial ...

Royal Commission to drive independent advice market: GlobalData

KANIKA SOOD  |  MONDAY, 30 APR 2018
... four and AMP's wealth businesses to set shop alone, as customers move towards independent advice following the Royal Commission, according to GlobalData. Customers will become more discerning in their choice of financial advice; even the demographics ...

AMP becomes class action target

DARREN SNYDER  |  MONDAY, 30 APR 2018
... Bentham is the latest firm to finance proposed class action proceedings against AMP in light of evidence at the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. The litigation funding group said it will ...

RC suggests separating platforms and advice licensees

ALEX BURKE  |  MONDAY, 30 APR 2018
One of the key points made by Senior Counsel Assisting Rowena Orr at the end of the financial advice Royal Commission was that vertical integration of advice licensees and platform providers carries systemic risk. Orr said that licensees using approved ...

Sixty per cent of FPA members hold degree

HARRISON WORLEY  |  MONDAY, 30 APR 2018
... is compared with just 35% across the planning industry as discovered during the second round hearings at the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. FPA chief executive Dante De Gori said member ...

Brenner leaves AMP

JAMIE WILLIAMSON  |  MONDAY, 30 APR 2018
... the firm has cleared itself of any wrongdoing over the preparation of a Clayton Utz report. In the wake of the Royal Commission's inquiry into financial advice, Brenner has left the organisation and acting chief executive Mike Wilkins will serve in her ...

RECAP: Advice in the Royal Commission spotlight (Days 6- 9)

KANIKA SOOD  |  FRIDAY, 27 APR 2018
In a workweek cut short by a public holiday, the Royal Commission heard evidence which included an AMP adviser identified only as Mr E, whose clients haven't even been informed of his misconduct yet. It also included a high-profile adviser who "most ...

Royal Commission bad for super: Switzer

ALEX BURKE, JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
Switzer Group founder Peter Switzer argued that the Royal Commission is a "super-killing blood-sport" that will ultimately hurt super member balances. Writing in a Switzer Daily column, Switzer said he had mixed feelings about the Commission, arguing ...