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Showing 1111 - 1120 of 1257 results for "Royal Commission"

ANZ dragged its heels on adviser misconduct

ALEX BURKE  |  FRIDAY, 20 APR 2018
The former chief executive of ANZ-aligned RI Advice told the Royal Commission the group took "too long to act" on adviser misconduct. Darren Whereat discussed the case study of former RI Advice authorised representative John Doyle with Senior Counsel ...

Government targeted for delaying Royal Commission

ALEX BURKE  |  FRIDAY, 20 APR 2018
The Turnbull Government's initial resistance to the Royal Commission was targeted by social media this week. Perhaps unsurprisingly, much of the criticism was leveled by Labor and Greens politicians - although the former Deputy Prime Minister also expressed ...

Westpac obscured bad adviser reference check

KARREN VERGARA  |  FRIDAY, 20 APR 2018
The Royal Commission found Westpac downplayed the gravity of former financial adviser Andrew Smith's misconduct not only to the regulator but with another licensee he was joining. Smith commenced as a financial adviser with Westpac subsidiary St George ...

RECAP: Advice in the Royal Commission spotlight (Day 4 and 5)

KANIKA SOOD  |  FRIDAY, 20 APR 2018
As the Royal Commission disbands for the week, Financial Standard summarises all the evidence heard on day four and five of the financial advice industry's turn before Commissioner Kenneth Hayne. Executives from Westpac, CBA and AMP have now made an ...

ROYAL COMMISSION: Top stories

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
Missed something? Here's a recap of the most read stories to come out of the first week of the Royal Commission's inquiry into financial advice. AMP admits to serious misconduct in RC submissions AMP acknowledged hundreds of instances of misconduct ...

Government ramps up ASIC powers

ALEX BURKE  |  FRIDAY, 20 APR 2018
In light of the Royal Commission, the Turnbull Government has increased criminal and civil penalties for corporate misconduct and boosted ASIC's surveillance powers. Treasurer Scott Morrison and Minister for Revenue and Financial Services Kelly O'Dwyer ...

RC questions adviser sales tactics

KARREN VERGARA  |  FRIDAY, 20 APR 2018
... sales culture mentality and is only at the "cusp" of being a "true profession," this morning's session of the Royal Commission has revealed. On his second day in the hot-seat, BT Financial Advice general manager Michael Wright said the industry still ...

Royal Commission to boost ETFs: VanEck

KANIKA SOOD  |  FRIDAY, 20 APR 2018
A $1.4 billion ETF manager believes growth in the sector will soar as the Royal Commission hears evidence on the conflicts of interest within vertically-integrated institutions. An increasing number of financial advisers have been using ETFs to diversify ...

Royal Commission must be extended: FSU

HARRISON WORLEY  |  FRIDAY, 20 APR 2018
... union representing workers in the financial services sector is calling for an extension of the financial services Royal Commission, as revelations of misconduct continue to arise from the inquiry. The Finance Sector Union said the inquiries of Commissioner ...

Meller to leave AMP immediately

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
... announced Meller will leave the role in the wake of financial advice failings and misconduct brought to light by the Royal Commission. AMP non-executive director and former IAG chief executive Mike Wilkins has been appointed acting chief executive. The ...