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Showing 1251 - 1260 of 6079 results for "Commission"

Super funds merge, board revealed

ELIZA BAVIN  |  WEDNESDAY, 1 JUL 2020
... merger." The VicSuper representatives to join the new board are; Gabrielle Bell - nominated by the Victorian Public Sector Commission, Patricia Faulkner - nominated by the Victorian Department of Education and Training, Antoinette Masiero - nominated ...

AFA, FPA share bleak view of industry

ELIZABETH MCARTHUR  |  TUESDAY, 30 JUN 2020
... advisers out of 23,000 had completed the exam recently - and about 1000 of those had not passed. He defined the Royal Commission reforms as getting financial advisers over "basic" hurdles of professionalism. De Gori pointed out the exam was delayed by ...

Trust in advisers wanes

JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
... markets, while just 57% of those without an adviser said the same. The study also found that the findings of the Royal Commission and the associated press coverage did not change investors' minds as to where and how they will seek advice. Further ...

Super fund members compensated

JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
... sufficient evidence of informed instructions to switch the clients out of MySuper." These breaches formed part of a Royal Commission case study, where Commissioner Hayne did not find any licensee breach on the evidence before Commission, Aon Australia ...

Calls to investigate treatment of AMP advisers

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUN 2020
ASIC has come under pressure from a Senator to look into AMP's treatment of financial advisers, including reducing the value of its Buyer of Last Resort (BOLR) agreements. Labor senator for NSW Deborah O'Neill has written to ASIC chair James Shipton ...

Disgraced lobbyist charged

ALLY SELBY  |  FRIDAY, 26 JUN 2020
A disgraced American lobbyist, businessman and movie producer, who was played by actor Kevin Spacey in a movie about his life, has been charged over his role in a fraudulent bitcoin scheme. Jack Abramoff, who in 2006 was sentenced to six years in federal ...

ATO doubles down on fraud crackdown

ELIZA BAVIN  |  WEDNESDAY, 24 JUN 2020
The Australian Taxation Office (ATO) said it is building on its significant efforts, zeroing in on fraud and schemes designed to take advantage of the government's COVID-19 stimulus package. This includes JobKeeper, early release of superannuation ...

Marianne Perkovic to depart CBA

ALLY SELBY  |  TUESDAY, 23 JUN 2020
... than a decade with the bank, and faced heated scrutiny when representing its wealth management arm during the Royal Commission. During her testimony, she admitted the bank's financial advice subsidiary, Count Financial (now a subsidiary of Countplus) ...

ASIC sues CBA, CFS over RC case

HARRISON WORLEY  |  TUESDAY, 23 JUN 2020
... and CFSIL, with each contravention attracting a maximum penalty of $1 million. The case was first raised at the Royal Commission, and ASIC deputy chair Daniel Crennan said the regulator's decision to investigate, based on Commissioner Hayne's ...

IFM adds to leadership

HARRISON WORLEY  |  FRIDAY, 19 JUN 2020
... the sought for investigation will include bank-owned retail funds - which were the locus of misconduct in the Royal Commission, and were found to systematically underperform by the Productivity Commission," Combet wrote.