Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 101 - 110 of 410 results for "Round of"

Industry fund chief exits

KARREN VERGARA  |  MONDAY, 5 NOV 2018
... the Australian Catholic Superannuation Retirement Fund (ACRF) were the subject of failed mergers at the superannuation round of the financial services Royal Commission. Both funds were slammed for wasting a merger opportunity that had clear benefits ...

Beware the fintech Ponzi scheme

MICHELLE BALTAZAR  |  FRIDAY, 26 OCT 2018
... rates, favourable terms and generous giveaways. The founders usually use funds from the early investors to pay the next round of investors until, eventually, the money runs out. As published in the paper, a few days before Christmas in 2012, a Chinese ...

Enforceable undertakings are effective: Research

KARREN VERGARA  |  FRIDAY, 26 OCT 2018
... as supervising experts, in the operation of the business, she said. APRA and ASIC were slammed at the superannuation round of the Royal Commission for being toothless tigers. APRA deputy chair Helen Rowell said the prudential regulator banned one person ...

Banks to answer for Hayne report

JAMIE WILLIAMSON  |  MONDAY, 8 OCT 2018
... Commissioner Kenneth Hayne's interim report. The House of Representatives Standing Committee on Economics will commence its next round of public hearings on October 11, 12 and 19. The hearings will provide an important opportunity to scrutinise the bank ...

AMP defends charging dead clients

HARRISON WORLEY  |  THURSDAY, 4 OCT 2018
... insurance premiums from a deceased customer, even after AMP has been notified of their death, as revealed in the sixth round of the Commission. According to AMP, it is not inappropriate to charge members life insurance premiums after their death - because ...

AMP, banks respond to RC interim report

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... manager is reviewing the report. However, he did note the business has been reset under new leadership following the advice round of the Royal Commission which resulted in the departures of chief executive Craig Meller, three directors, and chair Catherine ...

Royal Commission tables life insurance policy questions

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
Numerous policy questions that arose from the life insurance round of the Royal Commission could shake up the direct life insurance segment and potentially ban conflicted remuneration in risk products. The document, released yesterday, questions the ...

CommInsure, TAL engaged in troubling conduct: Royal Commission

KARREN VERGARA  |  MONDAY, 24 SEP 2018
In closing the sixth round of the Royal Commission, counsel assisting found that CommInsure, TAL and Rest may have engaged in conduct that fell below community standards after hearing "troubling" evidence from various case studies. CommInsure and Colonial ...

Royal Commission hears industry fund admitted wrongdoing to ASIC

HARRISON WORLEY  |  MONDAY, 24 SEP 2018
... (Supervision) Act (SIS Act) in a breach report filed with ASIC on the penultimate day of the Royal Commission's sixth round of hearings. Making his closing statement on the final day of the Commission's insurance hearings (Friday), counsel assisting ...

Frydenberg appoints second APRA deputy chair

HARRISON WORLEY  |  TUESDAY, 18 SEP 2018
... the problematic cultures of superannuation fund providers in his fifth round submission paper. After the superannuation round of hearings, Hodge said he doubted the approaches adopted by APRA and ASIC to regulate superannuation entities were sufficient ...