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Showing 91 - 100 of 350 results for "Final Report"

Ongoing fees, advice fees in super to be reformed

ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
... implementation roadmap," Treasurer Josh Frydenberg said. This comes ahead of the one year anniversary of Hayne's final report on February 5. The draft legislation for recommendation 2.1 will enhance the existing ongoing fee arrangement provisions in ...

FPA calls for axe to fall on stamping fees

HARRISON WORLEY  |  WEDNESDAY, 29 JAN 2020
... its experience ensures it is "better placed than most" to comment on the debate. Pointing to the Royal Commission's final report into misconduct in the financial services industry, Bristow recalled Commissioner Hayne's opinion that adding more regulation ...

Government opens BEAR extension consultation

HARRISON WORLEY  |  THURSDAY, 23 JAN 2020
... consequences for those who fail to perform their roles with competence, honesty or integrity," Frydenberg said. In his final report, Hayne said there was no reason why directors and senior executives of superannuation funds - set to come under the scope ...

Government edges towards regulator cooperation

HARRISON WORLEY  |  TUESDAY, 7 JAN 2020
... another recommendation made by Hayne. Hayne's assessment of the financial services regulators in the Commission's final report was scathing, recommending the adjustment of their roles when it comes to the oversight of superannuation, and the establishment ...

What you read in 2019: Superannuation

JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2019
The past year has served as the beginning of the superannuation industry's transformation. Yes, recent years have seen nothing but reform after reform, but 2019 has been something different entirely. The Productivity Commission and Royal Commission ...

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... executive George Frazis. 5. Grandfathered commissions to be banned Hot on the heels of the Royal Commission's final report, in early February Federal Treasurer Josh Frydenberg declared grandfathered commissions would be banned from 1 January 2021. ...

ASIC takes action against TAL over RC case

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
... customer had received for depression. According to case study notes in the second volume of the Commission's final report, the customer failed to disclose her prior history with the mental illness. The customer answered "no" when asked by TAL whether ...

AMP cuts ongoing advice agreements

ELIZABETH MCARTHUR  |  FRIDAY, 6 DEC 2019
... culture that put clients first. "With that backdrop, AMP is working hard to implement the recommendations of the Final Report of the Royal Commission," Wade said at the committee. "We now start our internal meetings with a shared 'client moment' ...

ASIC bans direct life cold calling

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
... unfair consumer outcomes. The regulator noted its action follows through on recommendation 4.1 of the Royal Commission final report to ban the hawking of life insurance products. "ASIC will intervene to stop practices that lead to poor consumer outcomes ...

Afterpay slides in global fintech rankings

HARRISON WORLEY  |  TUESDAY, 5 NOV 2019
... ordering an audit of its compliance with the Anti-Money Laundering and Counter Terrorism Financing Act (AML/CTF), with a final report due later this month. At the time Afterpay said it welcomed the opportunity to continue to work constructively and closely ...