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Showing 111 - 120 of 1691 results for "Royal"

Super funds in pole position for expanded advice

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... new class of advisers will end up as proxy salespeople driven by commissions - the type of behaviour exposed by the Hayne Royal Commission. Abood, however, doesn't see history repeating itself. "I think the super funds are also very well aware of ...

Bragg calls for another Financial System Inquiry, critiques ASIC, APRA

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
... dramatic decline in the rate of prosecutions initiated from ASIC referrals, dropping from 75% in 2018 - the year of the Royal Commission - to 19% in the last financial year. Meanwhile, Bragg expressed growing concerns about APRA's effectiveness ...

AMP chair steps down

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
... joined the AMP board as non-executive director on 15 June 2019 at the height of AMP's tumult in the wake of the Hayne Royal Commission. She took over as chair in August 2020. She replaced Catherine Brenner who left in the hope that investors could ...

Conference to address major SMSF issues

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
... non-arm's length expenses (NALE) and non-arm's length income (NALI) of small APRA funds and SMSFs that is awaiting Royal Assent - have received plenty of airplay. NALE in particular, Heffron said, is raising concerns in the SMSF sector as there ...

NAB names new chief executive

CHLOE WALKER  |  WEDNESDAY, 7 FEB 2024
... same time, Chronican paid tribute to McEwan, who joined NAB in December 2019 with a mandate for change in the wake of the Royal Commission. "Ross has been exactly the chief executive we needed," Chronican said. "He reminded us of the value of getting ...

Advisers urged to check ASIC registration status

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2024
... there's close to 6000 financial advisers who are still not registered with ASIC. Under the Financial Sector Reform (Hayne Royal Commission Response - Better Advice) Act 2021, all relevant providers must be registered with ASIC to provide personal financial ...

Adviser numbers stable at 15,650

KARREN VERGARA  |  MONDAY, 15 JAN 2024
... early 2021, there were as many as 20,667 advisers. The population peaked at nearly 30,000 at the end of 2018 as the Hayne Royal Commission was finalising its verdict. The Financial Advice Association Australia (FAAA) remains concerned with the stagnant ...

Insignia Financial class action dismissed by court

JAMIE WILLIAMSON  |  MONDAY, 8 JAN 2024
Just days before Christmas, an Insignia Financial shareholder class action borne out of the Royal Commission was dismissed, with the judge saying there was no evidence provided to prove the group breached disclosure requirements. The class action was ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... buy-back value of their businesses slashed by controversial changes to AMP's Buyer of Last Resort provisions following the Royal Commission. Justice Moshinsky found evidence of losses incurred by the lead applicant, Equity Financial Planners, and ...

MLC Life names general manager, remediation

JAMIE WILLIAMSON  |  MONDAY, 11 DEC 2023
... experienced customer excellence specialist." In addition to Commonwealth Bank, Fletcher also assisted AMP with its post-Royal Commission remediation programs which totalled about $800 million. He's also previously held senior roles in mergers and acquisitions ...