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Showing 111 - 120 of 631 results for %22Financial Services Royal Commission%22

Government to wind up FASEA

KARREN VERGARA  |  WEDNESDAY, 9 DEC 2020
... will be made redundant as two government bodies take over its remit. Assistant Minister for Superannuation, Financial Services and Financial Technology, Senator Jane Hume announced on December 9 that the standard-setting aspect of FASEA will be swallowed ...

AAT refuses Allegra AFSL

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
The Administrative Appeals Tribunal (AAT) has refused the provision of an Australian financial services licence to Allegra Financial Services after it was initially rejected by ASIC. Allegra applied to ASIC for an AFSL in 2018 to provide personal financial ...

New internal audit guide for finance sector

KARREN VERGARA  |  WEDNESDAY, 2 DEC 2020
... which was developed with the help of regulators APRA and ASIC, as a principles-based document to help govern financial services. IIA's financial services committee, which developed the guide, includes senior audit executives from major organisations ...

CBA in court for overcharging interest

ELIZABETH MCARTHUR  |  TUESDAY, 1 DEC 2020
... customers continued to be incorrectly charged. ASIC is alleging that between 2014 and 2018 CBA contravened financial services laws a total of 12,119 times.

ASIC prepares industry for claims handling law

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
The corporate regulator has released more information to help life insurers and financial advisers adapt to new regulation when handling insurance claims. ASIC's information sheet and consultation paper C12 Proof: Claims Handling and Settling Service ...

Finance is least ethical sector: Governance Institute

ANNABELLE DICKSON  |  FRIDAY, 27 NOV 2020
The financial services sector has had the highest improvement on an ethics index despite still receiving the lowest score of all sectors, new research shows. Governance Institute of Australia's fifth annual Ethics Index 2020 ranked the banking ...

FSC names new chair

KANIKA SOOD  |  MONDAY, 2 NOV 2020
The Financial Services Council has appointed a new chair to replace Geoff Lloyd, who has stood down due to his resignation from MLC Wealth. The role is going to Mercer Australia's recently appointed chief executive David Bryant. Bryant was previously ...

DDO top of ASIC's agenda

ELIZA BAVIN  |  TUESDAY, 27 OCT 2020
... design and distribution obligations, which now commence on October 5 next year, represent a step-change in financial services regulation, placing greater responsibility on issuers and distributors of financial products to appropriately design and distribute ...

Sam Henderson sentenced

ELIZABETH MCARTHUR  |  TUESDAY, 20 OCT 2020
... behaviour for two years. The former celebrity financial adviser was fined $7000 on a charge of giving defective financial services and a further $3000 for dishonest conduct in relation to a financial service. "As a financial adviser, Mr Henderson built ...

A new model is coming: Licensees

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
At the Association of Financial Advisers' Conference, a panel of licensee executives agreed that the advice industry will be pushed towards a new model in the coming years. The panel, facilitated by CoreData founder and principal Andrew Inwood, saw ...