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Showing 131 - 140 of 1691 results for "Royal"

AMP shareholder class action settlement slashed

KARREN VERGARA  |  MONDAY, 9 OCT 2023
... hearing. The class action, which combined several lawsuits following revelations of the firm's misconduct during the Hayne Royal Commission, alleged that AMP failed to disclose critical market information that could have affected the share price. This ...

Adviser registration deadline extended again

KARREN VERGARA  |  WEDNESDAY, 20 SEP 2023
... funded by capital raisings. Mandatory adviser registration was a recommendation that stemmed from the Financial Services Royal Commission.

Government passes FAR legislation

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
... was first introduced. The Financial Accountability Regime Bill 2023 will apply to the banking industry six months after Royal Assent. For the insurance and superannuation industries, it will apply 18 months after Royal Assent. A key objective of the ...

Integrity Life to cease writing new retail policies

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2023
... launched in March 2019, with then-chief executive Chris Powell claiming it was "the good news story" to come out of the Royal Commission, free from the "legacy issues" faced by the large incumbents.

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... impacted AMP shareholders due to a violent drop in share price following allegations of misconduct by the Financial Services Royal Commission. Most of the $110 million settlement will come from AMP's available insurance proceeds. However, AMP said that ...

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
AMP has put to bed a class action relating to fee for no service scandals and misleading regulators as exposed by the Royal Commission but claims no responsibility in settling for $110 million. The class action filed in June 2018, affected AMP shareholders ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... We know that most people who invest in these products lose their money and that those losses are substantial." After the Royal Commission, the government introduced a comprehensive set of new laws aimed at safeguarding consumers and investors, particularly ...

Trustees to disclose more remuneration details

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
... industry and shine a light on the impact of risk failures and bad behaviour on remuneration outcomes. "The financial services Royal Commission demonstrated conclusively how poorly designed and executed remuneration frameworks can lead to bad outcomes ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
... of complaints received by AFCA relating to advice is reflective of the maturity of the industry, in particular post-Hayne Royal Commission," Singh said. "Over the past few years, AFSLs have come to see dispute resolution as an essential part of the system ...

Regulators begin FAR consultation

CHLOE WALKER  |  THURSDAY, 20 JUL 2023
... financial institutions. It is intended the FAR will become effective for ADIs six months after the legislation received Royal Assent, while insurance and superannuation entities will have 18 months to prepare. The documents released by APRA and ASIC ...