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Showing 1331 - 1340 of 6076 results for "Commission"

Macquarie shares halve in COVID-19 sell-off

ALLY SELBY  |  FRIDAY, 20 MAR 2020
... risk management likely to suffer during this period of financial slowdown. "This all comes in the wake of the Royal Commission which raised a key question, how they are going to maintain business and revenue momentum while upgrading governance and risk ...

Platforms maintain cash rate on RBA cut

ALLY SELBY  |  FRIDAY, 20 MAR 2020
... said the likes of Netwealth and HUB24 have some explaining to do. "Platforms did not get any scrutiny during the Royal Commission," Bernasconi told Financial Standard. "I feel that platform providers and everyone in the value chain have the obligation ...

Call for pause on default insurance changes

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
... have access to these benefits in case they lose the ability to work," Gambera said. Gembera said that while the Royal Commission focused on consumers being overcharged for unnecessary fees and junk insurance, Australians need to understand why it's ...

Moody's downgrades AMP

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 MAR 2020
... reflects the reputational damage to AMP's brand following allegations of governance failures raised at the Royal Commission," Moody's said. Moody's said it anticipates ongoing margin compression along with higher regulatory and compliance ...

AMP Life, AMP Capital fined

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
AMP Life and AMP Capital have paid hefty penalties following infringement notices issued by ASIC. AMP Life paid $275,500 and AMP Capital paid $250,500. "ASIC issued the infringement notices as it considers there are reasonable grounds to believe there ...

ASIC drags CFS to court over MySuper

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... and fairly as well as its obligations to comply with financial services laws. The ASIC action comes after the Royal Commission heard former CFS general manager Linda Elkins admit 15,000 super members had not been moved to MySuper products by the deadline. ...

CBA in court over RC case studies

ELIZABETH MCARTHUR  |  MONDAY, 16 MAR 2020
... Commonwealth Bank over the AgriAdvantage Plus Package and credit services provided to problem gamblers. Both cases were Royal Commission case studies and are being pursued by the regulator in the Federal Court. ASIC alleges CBA contravened the responsible ...

Industry funds a bright spot for advisers

ELIZABETH MCARTHUR  |  MONDAY, 16 MAR 2020
... "It's an attractive option for a lot of people," he said. "They didn't get as much bad press through the Royal Commission and they're in growth-mode. Then there's that trust factor with the member base."

ATO cracks down on HNWs

ELIZA BAVIN  |  THURSDAY, 12 MAR 2020
The Australian Taxation Office has announced it will be expanding its Tax Avoidance Taskforce and introducing a new program targeting high wealth private groups. The ATO said in the 2016-17 financial year high wealth individuals and groups avoided paying ...

Life insurers are doing their best: FSC

ELIZABETH MCARTHUR  |  THURSDAY, 12 MAR 2020
... 92% of non-income related claims were within the required Code timeframes." The FSC also noted that both the Royal Commission and recent work from ASIC acknowledged that the Life Insurance Code of Practice had resulted in improvements in the industry. ...