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Showing 1481 - 1490 of 6079 results for "Commission"

Fix gaps in AFCA remit: Creevey Russell

ELIZABETH MCARTHUR  |  MONDAY, 9 DEC 2019
... Australian Financial Complaints Authority, with certain groups at risk. As part of the reforms following the Royal Commission, changes were made to the jurisdiction of AFCA to extend the normal six-year limitation period to commence litigation by permitting ...

Deloitte hires from OneVue

ELIZA BAVIN  |  MONDAY, 9 DEC 2019
... market demand in this space, as the industry continues to both remediate and build for the future, post the Hayne Royal Commission into Misconduct in Banking, Superannuation, and Financial Services, Gomes is a welcome addition to the Deloitte team of ...

APRA proposes new banking data policies

ALLY SELBY  |  FRIDAY, 6 DEC 2019
... building societies. It comes as various scandals continue to tarnish Australia's banking industry post Hayne Royal Commission. According to APRA, the move will increase accountability, support competition and lift overall industry standards in a shift ...

CFS culls grandfathered commissions, slashes fees

KANIKA SOOD  |  FRIDAY, 6 DEC 2019
About 6000 financial advisers are set to lose $1700 per year in revenue, as Colonial First State starts to put grandfathered commissions to bed. The $145 billion manager is starting the phase out of grandfathered commissions with a small slice of the ...

AMP cuts ongoing advice agreements

ELIZABETH MCARTHUR  |  FRIDAY, 6 DEC 2019
... late November an additional $415 million of advice remediation costs as a result of evidence produced at the Royal Commission. That takes AMP's total remediation bill for financial advice to $778 million. An early estimate from the Royal Commission ...

CBA chief tasked with rebuilding banking

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
... stepping down from the role. Comyn aims to rebuild consumer trust in Australia's banking sector following the Hayne Royal Commission and various scandals that have tarnished the banking industry of late. "I look forward to working with ABA members to ...

Super consumer body grateful for intervention

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
... After the government announced it would take its first steps towards fulfilling a recommendation of the Productivity Commission to establish a national voice for consumers in Australia's ongoing superannuation debates, the incumbent body has confirmed ...

ASIC bans direct life cold calling

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
... led to unfair consumer outcomes. The regulator noted its action follows through on recommendation 4.1 of the Royal Commission final report to ban the hawking of life insurance products. "ASIC will intervene to stop practices that lead to poor consumer ...

Non-compliant personal advice rife at super funds: ASIC

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2019
Just 49% of the files looked at by ASIC as part of its review of financial advice provided by super funds were found to be compliant with best interests duty. Reviewing the personal advice provided by 21 super funds, ASIC's Report 639: Financial ...

Industry fund for coal miners on ESG journey

ELIZABETH MCARTHUR  |  MONDAY, 2 DEC 2019
... responses from the panel. One audience member asked how the panel was thinking about governance following the Royal Commission. The question prompted the panel to discuss AUSTRAC's recent claim that Westpac breached anti-money laundering laws 23 ...