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Showing 101 - 110 of 1257 results for "Royal Commission"

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 ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
... independent help to avoid poor quality products. This model will entrench the kinds of conflicts that led to the Royal Commission," O'Halloran said. "A poor performing super fund won't advise its members to find a better deal elsewhere. This is dangerous ...

My mind has not been changed: Levy

CASSANDRA BALDINI  |  WEDNESDAY, 8 FEB 2023
... financial advisers (relevant providers)," it reads. Industry fears that the proposal will undo the stitching of the Royal Commission are counteracted by the fact that non-relevant providers will need to uphold the Good Advice Duty. "That part hasn't ...

All financial advice should be tax deductible: FPA

CASSANDRA BALDINI  |  FRIDAY, 3 FEB 2023
... said it broadly supports the decision to implement the Compensation Scheme of Last Resort (CSLR) following the Royal Commission but added the government's proposed model is based on recommendations from "an ageing report" and "out-of-date data." The ...

Cold calling advice firms called out

JAMIE WILLIAMSON  |  WEDNESDAY, 1 FEB 2023
... aware of several financial advice businesses employing intermediaries to gain business this way. Following the Royal Commission, anti-hawking rules related to superannuation products were put in place, however they don't cover financial advice services. ...

Never been more optimistic: Abood

CASSANDRA BALDINI  |  WEDNESDAY, 23 NOV 2022
... profession as well," she said. "Trust in financial planners is increasing from a low point of 35% in the wake of the Royal Commission to almost 50%." Abood also pointed to the willingness of government and regulators to work with advisers on solving ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
... Custodians and OnePath Life as part of its #GetYourSuperBack campaign in response to the revelations arising from the Royal Commission. A spokesperson confirmed it is still currently ongoing.

Financial adviser registration delayed

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
... will delay the financial adviser registration requirement until 1 July 2023. The Financial Sector Reform (Hayne Royal Commission response - Better Advice) Act 2021 introduced a central registration requirement for financial advisers, in line with recommendation ...

ANZ told to pay $25m for 20-year failure

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2022
... were compounded by inaction or ineffective action." This matter was the final case brought by ASIC out of the Royal Commission. In total, about $160 million in penalties has resulted from the Royal Commission so far. "The penalties handed down from ASIC's ...

Andrew Hagger leaves Tattarang

JAMIE WILLIAMSON  |  TUESDAY, 25 OCT 2022
... leaving NAB where he was chief customer officer for more than a decade. His departure followed a grilling at the Royal Commission which resulted in him being personally investigated by ASIC for a time. Hartman said he is excited to be taking on the new ...