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Showing 131 - 140 of 428 results for "Round of"

ClearView breached anti-hawking law 300k times

KARREN VERGARA  |  MONDAY, 10 SEP 2018
The sixth round of the financial services Royal Commission heard ClearView's direct life insurance business breached anti-hawking provisions up to 303,000 times. The figure has ballooned from the 278,664 originally reported to the Commission, according ...

Life insurers admit to misconduct: Royal Commission

HARRISON WORLEY  |  MONDAY, 10 SEP 2018
... misconduct in the life insurance industry and where conduct fell below community standards and expectations. Opening the sixth round of Royal Commission hearings, counsel assisting Rowena Orr laid bare instances of misconduct as revealed in submissions ...

Life insurer undertakes strategic review

JAMIE WILLIAMSON  |  THURSDAY, 6 SEP 2018
... loan protection. It is closely linked to boutique dealer group, Spectrum Wealth Advisers. Freedom will face the sixth round of the Royal Commission, commencing next week.

Trustees caught in a balancing act

KARREN VERGARA  |  THURSDAY, 6 SEP 2018
... exercise a degree of care, skill and diligence, as well as act in the members' best interests. In opening the fifth round of the Royal Commission on August 6, counsel assisting Michael Hodge urged Commissioner Kenneth Hayne to examine: "What happens ...

FSC responds to direct life insurance findings

KARREN VERGARA  |  FRIDAY, 31 AUG 2018
... other questions or concerns about appropriate cover, they should contact a financial adviser," the FSC said. The sixth round of the Royal Commission will examine the current regulatory regime for the insurance industry, calling the Financial Services ...

Direct life insurance failing consumers: ASIC

KARREN VERGARA  |  THURSDAY, 30 AUG 2018
... we intend to restrict outbound sales of life and funeral insurance, in order to protect consumers," he said. The sixth round of the Royal Commission will examine issues associated with the sale and design of life insurance products. The Commission's ...

More risk advisers offloading practices

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
... selling for as high as 3x but more commonly at a high of 2.7x. Grandfathered commissions were hotly contested at the recent round of the Royal Commission. Birt said the inquiry has prompted some industry bodies to phase out or even cease legacy commissions ...

Life insurers take the Royal Commission stand

HARRISON WORLEY  |  TUESDAY, 28 AUG 2018
... insurers are preparing for time in the Royal Commission witness box, after case studies were announced for the sixth round of public hearings. TAL, CommInsure, ClearView and Freedom Insurance have been named to front the Royal Commission, alongside $51 ...

Super funds cop governance grilling

HARRISON WORLEY  |  TUESDAY, 21 AUG 2018
... heels over the plan service fee issue, delaying the process of remediation to affected superannuation members. The fifth round of hearings also saw AustralianSuper chief executive and Industry Super Australia (ISA) director Ian Silk taken to task over ...

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
ASIC's favourite method of tackling misconduct came under fire as the Royal Commission capped off its round of superannuation hearings on Friday. First up was Tim Mullaly, a senior executive leader in ASIC's financial services enforcement division. ...