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Showing 1411 - 1420 of 3210 results for "Power"

Insurance shake-up puts clients first

KARREN VERGARA  |  TUESDAY, 2 OCT 2018
Round six of the Royal Commission exposed systemic issues across the life insurance value chain and its fledgling code of practice that's yet been powerless to stop unethical behaviour. But industry experts say all hope is not lost. Counsels assisting ...

A day of shame for Aussie banks: Bligh

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
Australian Banking Association chief executive Anna Bligh said the Royal Commission's interim report into misconduct in financial services marked a "day of shame" for Australia's banks. Holding a press conference after Commissioner Kenneth Hayne ...

Labor proposes RC implementation task force

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
If Labor comes to power, it will set up a dedicated task force to implement the Royal Commission's final recommendations due next year. Responding to the interim report, acting opposition leader Tanya Plibersek told a media conference in Sydney ...

Aussie fund managers face machine learning challenges

KARREN VERGARA  |  TUESDAY, 25 SEP 2018
... said. Bloomberg LP head of machine learning engineering Gary Kazantsev said as a result of critical advances in computing power and newly available vast pools of data, more clients are using Bloomberg's data solutions as inputs into strategies for ...

Give life code a chance, Loane tells Royal Commission

HARRISON WORLEY  |  FRIDAY, 21 SEP 2018
... assisting Rowena Orr asked Loane if the FSC considered it problematic that Australia's corporate regulator did not have the power to enforce breaches of any obligation to act efficiently, honestly and fairly in relation to claims handling. Loane ...

Powerwrap appoints head of operations

JAMIE WILLIAMSON  |  THURSDAY, 20 SEP 2018
Powerwrap is welcoming a new head of operations as it continues preparations for its IPO. The platform and managed accounts provider has appointed Andrew Hartnett to the role, expanding its senior management team. Hartnett was most recently head of ...

NAB cuts bonuses for executives

KANIKA SOOD  |  WEDNESDAY, 19 SEP 2018
... target variable reward set at 170% of fixed pay. The board will monitor deferred shares periodically. It will also have the power to extend the deferral period beyond four years if it considers circumstances warrant it. Executives will have to give up ...

Legislation lifts ASIC recruitment limitation

KARREN VERGARA  |  WEDNESDAY, 19 SEP 2018
The Bill that enhances ASIC's capabilities and enables it to recruit staff outside of the Public Service Act has passed through Parliament. Under the Treasury Laws Amendment (Enhancing ASIC's Capabilities) Bill 2018, ASIC will have greater operational ...

Frydenberg appoints second APRA deputy chair

HARRISON WORLEY  |  TUESDAY, 18 SEP 2018
Treasurer Josh Frydenberg appointed a Treasury official as the second deputy chair at Australia's prudential regulator. John Lonsdale links with APRA as a full-time member and second deputy chair for the next five years, with a remit to strengthen the ...

IOOF offloads corporate trust business

KANIKA SOOD  |  THURSDAY, 13 SEP 2018
IOOF has sold its Australian Executor Trustees (AET) corporate trust business while retaining the AET private trust business, as it moves further in the direction of being an advice-led organisation. The buyer is financial services technology and infrastructure ...