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Showing 91 - 100 of 1256 results for "Royal Commission"

AMP fined $24m for charging deceased customers

KARREN VERGARA | FRIDAY, 19 MAY 2023

... Australian financial services licensees to act efficiently, honestly and fairly. It was during the 2018 Hayne Royal Commission that the egregious conduct came to light, forcing AMP to report the issue to ASIC and to rectify the issue. Justice Hespe described ...

ASIC, APRA reviewer deprioritised by government

JAMIE WILLIAMSON | WEDNESDAY, 10 MAY 2023

... from every two years to every five years." The Authority was created on the back of a recommendation out of the Royal Commission. It only released its first review of ASIC in August last year and is still yet to release its first of APRA. It is chaired ...

Adopt QAR recommendations now: Levy

CASSANDRA BALDINI | TUESDAY, 2 MAY 2023

... consumer bodies who responded by calling the report a "disaster" and said the recommendations would lead to the next Royal Commission. "The language is a little intemperate, and it is, I assume, designed to stop the recommendations being adopted," she ...

Jones to prioritise CSLR legislation

KARREN VERGARA | TUESDAY, 21 MAR 2023

... trusted consumer advocates such as Choice and are a direct response to some of the revelations heard at the Hayne Royal Commission," he said. "It's time to get these things done."

CALI hires policy director from FPA

KARREN VERGARA | TUESDAY, 14 MAR 2023

... most recent roles being the head of government affairs and managing the bank's reputation as the head of the Royal Commission between 2018 and 2021. CALI launched in late 2022, appointing Cupitt in October to take the reins of the fledgling organisation ...

Government introduces FAR, CSLR Bills

ANDREW MCKEAN | WEDNESDAY, 8 MAR 2023

... introduction of the CSLR and FAR legislation into Parliament as a positive step towards the implementation of the Royal Commission into Banking, Superannuation and Financial Services industry. FSC chief executive Blake Briggs said: "The Assistant Treasurer ...

Super fund advice needs more guardrails: Conference

KARREN VERGARA | MONDAY, 27 FEB 2023

... insurers and banks will gain more advice autonomy and the financial services industry will revert to the pre-Hayne Royal Commission era. Levy argued that in formulating the recommendations, she had the consumer front of mind - not the banks, super funds ...

AMP profits, declares first dividend since 2019

JAMIE WILLIAMSON | THURSDAY, 16 FEB 2023

... of 2.5c per share after reporting a statutory net profit after tax (NPAT) of $387 million, its first since the Royal Commission came to an end. It marks a significant turnaround for the wealth giant, having last year reported a statutory loss of $252 ...

Super, advice class actions dampen CBA results

KARREN VERGARA | WEDNESDAY, 15 FEB 2023

... profits this morning, Commonwealth Bank continues to put out fires from its misconduct stemming from the Hayne Royal Commission, as it looks to tackle several class actions in 2023. One ongoing lawsuit alleges that Colonial First State Investments Limited ...

Put controls in place for super funds: Associations

CASSANDRA BALDINI | THURSDAY, 9 FEB 2023

... of the day paid a large sum of money to an organisation to write a report to ignore the recommendations of a Royal Commission," an adviser stated. Levy acknowledged industry fears that funds have conflicting interests which could lead to poor consumer ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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