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Showing 111 - 120 of 1256 results for "Royal Commission"

Throw out financial services law clutter: ALRC

ANDREW MCKEAN  |  WEDNESDAY, 5 OCT 2022
... seeking submissions from the public in response to the proposals and questions by November 30. Following the Royal Commission, the ALRC was tasked with reviewing financial services laws to simplify industry regulation. Namely, the ALRC set out to target ...

More consolidation is needed, says Diverger chief

CASSANDRA BALDINI  |  WEDNESDAY, 28 SEP 2022
... told Financial Standard. Jacobsen said some of the challenges that the industry faced in the past and led to the Royal Commission are related to the advice infrastructure that was used. "When I look back, one of the things that we got wrong was we didn't ...

No surprise advice industry fears ASIC: Panel

CASSANDRA BALDINI  |  FRIDAY, 23 SEP 2022
... through a lot of change. Advisers and licensees have been working extremely hard to adapt to the aftermath of the Royal Commission," he said. He explained that simultaneously there's a group of licensees that work with ASIC and Treasury on policy issues ...

The time for change is now: Jones

CASSANDRA BALDINI  |  WEDNESDAY, 21 SEP 2022
... fulfill the commitments I made to you prior to the election," he said. Jones said the learnings of the Hayne Royal Commission cannot be forgotten but added that if regulations are in place, it's important to understand the reasons behind them and if ...

Final Royal Commission reforms to be tabled, YFYS review begins

JAMIE WILLIAMSON  |  WEDNESDAY, 7 SEP 2022
The final raft of legislative reform resulting from the Royal Commission will be introduced to parliament this week and consultation on the review of the Your Future, Your Super regime has commenced, minister for financial services Stephen Jones confirmed ...

Insurers are 'fishing' for non-disclosures: ASIC

ANDREW MCKEAN  |  FRIDAY, 2 SEP 2022
... claims handling practices in the context of total and permanent disability (TPD) insurance. The Financial Services Royal Commission examined several case studies of egregious conduct in which physical surveillance and non-disclosure investigations were ...

A sensible roadmap: Industry responds to QAR paper

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... "This would be an incredible disappointment to the victims of financial advice scandals who gave evidence to the Royal Commission," Kirkland said. "The review's proposals to weaken consumer protections will fuel a revival of vertical integration, by ...

Findex names co- chief executives amid plans to grow wealth capabilities

CASSANDRA BALDINI  |  WEDNESDAY, 24 AUG 2022
... and take advantage of the major opportunities emerging from Australia's wealth management sector after the Royal Commission, it said. Current chief operations officer Roussos and its chief financial officer Games stepped into their new leadership ...

ASIC response to Freedom Insurance saga continues

JAMIE WILLIAMSON  |  WEDNESDAY, 17 AUG 2022
... Freedom Insurance went out of business after ASIC's review of the sale of direct life insurance and subsequent Royal Commission hearings uncovered the then-listed insurer's shocking and harmful sales tactics. In September 2018, the Royal Commission heard ...

ASIC working to improve breach reporting regime

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
... The regime, which applies to all AFSL and ACL holders, commenced in October 2021 and came off the back of the Royal Commission. Now, less than a year later, ASIC has acknowledged "a number of implementation challenges" impacting its operation. ASIC said ...