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Showing 131 - 140 of 1204 results for "Royal Commission"

ASIC to ease hardline stance

KARREN VERGARA  |  FRIDAY, 27 AUG 2021
The federal government is expecting ASIC to tone down its regulatory powers even though the Hayne Royal Commission exposed its ineffectiveness at enforcing corporate law. Federal treasurer Josh Frydenberg overnight released a new set of expectations ...

Benefits of advice reforms yet to materialise

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... industry over the last 30 months. This averages to 300 advisers leaving the industry each month. Since the 2017-19 Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, an overhaul of the advice sector has become ...

Updated life code released

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 AUG 2021
... life insurance industry, ASIC reviews, Productivity Commission reports, feedback from consumer advocates and the Royal Commission. "The code, which is mandatory for all FSC's life insurance members and will be governed by the independent Life Code Compliance ...

AMP flags recovery, profit jumps

KARREN VERGARA  |  THURSDAY, 12 AUG 2021
... performances from AMP Bank and its stakes in Resolution Life and the China Pension Life Company. In the pre-Hayne Royal Commission days, AMP boasted a 2017 half-year NPAT of $533 million, while its share price traded over $5. AMP shares closed at $1.08 ...

Multiple accounts already in sharp decline

ELIZABETH MCARTHUR  |  THURSDAY, 12 AUG 2021
Ahead of the stapling reforms being implemented, a new research paper from the Association of Superannuation Funds of Australia (ASFA) shows multiple super accounts are already in sharp decline The paper outlines the fact that ATO data suggests there ...

Booming market for financial services jobs

ELIZABETH MCARTHUR  |  TUESDAY, 10 AUG 2021
... and audit. "This has been a 20% increase overall in requests for risk and compliance professionals since the Royal Commission," Chisholm said. The average salary for roles Kaizen observed in the market last quarter was $139,000 and the highest salary ...

Asendium partners with regtech

KARREN VERGARA  |  MONDAY, 9 AUG 2021
... consumers." Fourth Line was established in 2019 in conjunction with law firm Mills Oakley in response to the Hayne Royal Commission. It currently works with licensees such as Interprac, GPS Wealth and Wealth Today. Fourth Line chief executive David Travers ...

Single disciplinary body consultation opens

KARREN VERGARA  |  FRIDAY, 6 AUG 2021
... come into force on 1 January 2022, subject to the passage of legislation. The Financial Sector Reform (Hayne Royal Commission Response - Better Advice) Bill 2021 (Better Advice Bill) was introduced in parliament on June 24. It passed the House of Representatives ...

Investors lose in viral stock picks

ELIZABETH MCARTHUR  |  THURSDAY, 5 AUG 2021
... 2023, while quality advice becomes too expensive for many in the wake of new restrictions imposed after the Hayne Royal Commission." He added that because of this shift, more money than ever seems to be invested by unadvised and inexperienced individ ...

RI Advice failed oversight obligations: Court

KARREN VERGARA  |  MONDAY, 2 AUG 2021
... by ANZ Banking Group. RI Advice is now owned by IOOF Holdings. The case was under the spotlight at the Hayne Royal Commission. ASIC commenced proceedings against RI Advice and Doyle in October 2019, seeking declarations of contravention, compliance orders ...