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Showing 1511 - 1520 of 6079 results for "Commission"

APRA to take transparent approach

HARRISON WORLEY  |  TUESDAY, 19 NOV 2019
... fines and expensive remediation programs," Lonsdale said. "Remediation costs relating to issues identified in the Royal Commission have cost industry in excess of $7 billion to date, and are likely to rise further as both new and historical issues come ...

New advice groups detrimental to consumers

HARRISON WORLEY  |  MONDAY, 18 NOV 2019
... loss of capital for those members of our community who can least afford it, and anything we've seen from this Royal Commission will pale by comparison." Appearing on a panel alongside Gupta, Mercer head of industry and public sector superannuation Jo-Anne ...

IOOF completes licence conditions

ELIZABETH MCARTHUR  |  FRIDAY, 15 NOV 2019
... imposed license conditions on IOOF and sought to disqualify several of its executive leaders in 2018 following the Royal Commission. In April 2019, IOOF was found to have breached one of APRA's licence conditions when it failed to establish a dedicated ...

ASIC to survey whistleblower policies

ELIZA BAVIN  |  THURSDAY, 14 NOV 2019
ASIC plans to survey whistleblower policies of a sample of companies next year. The regulator said it plans to review the selected companies compliance with the legal requirements outlined in the new whistleblower protection laws. This comes as ASIC ...

RMBS scrutiny could be loosened in US

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 NOV 2019
The US Securities and Exchange Commission (SEC) has issued a call for input from investors and market participants on the asset-level disclosure requirements for residential mortgage-backed securities (RMBS). SEC chairman Jay Clayton explained that ...

FASEA attempting to re-write law: AFA

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 NOV 2019
The Financial Adviser Standards and Ethics Authority is using its Code of Ethics to re-write the law rather than providing genuine guidance to financial advisers, the industry association believes. According to the Association of Financial Advisers ...

NAB faces half a billion in fines

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2019
... individual breach is between $1.7 million to $1.8 million, adding up to close to $500 million combined. During the Royal Commission NAB identified that misconduct stemming from the program went undetected until 2015 due to there being no lead, with a ...

CBA wealth boss to exit

KANIKA SOOD  |  WEDNESDAY, 13 NOV 2019
... CountPlus and Mortgage Choice. The bank later put the demerger on ice, saying it was focusing on implementing Royal Commission recommendations and remediating clients. It sold Count Financial, and announced plans to shut down Financial Wisdom in July. ...

Cbus enters corporate super

JAMIE WILLIAMSON  |  WEDNESDAY, 13 NOV 2019
... claim against." There is significant interest from firms looking to switch their corporate super offerings post-Royal Commission, Atkin added. "A lot of companies were disappointed with the poor behaviour of the retail funds highlighted in the Royal ...

BDM pay healthy despite headwinds

ELIZABETH MCARTHUR  |  TUESDAY, 12 NOV 2019
... salaries of business development managers reveal they can expect to take home healthy pay packets despite the Royal Commission reducing demand. Research from Kaizen Recruitment on BDM salaries in the financial services industry has revealed those working ...