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Showing 1561 - 1570 of 6079 results for "Commission"

No pain, no gain: APRA

HARRISON WORLEY  |  TUESDAY, 15 OCT 2019
... challenges, it also brings rewards. Pointing to how APRA was emerging from 12 months of scrutiny following the Royal Commission, Rowell said its sharper focus on the outcomes trustees were delivering members was manifesting in a higher bar for funds ...

Code monitoring move disappoints industry

ELIZABETH MCARTHUR  |  MONDAY, 14 OCT 2019
Treasurer Josh Frydenberg and Assistant Minister Jane Hume announced the government will accelerate its implementation of the Royal Commission's recommendation to establish a single disciplinary body for financial advisers. The move has disappointed ...

ACCC to probe rate cut decisions

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
The Australian Competition and Consumer Commission (ACCC) has been directed by the government to immediately establish an inquiry into the behaviour of Australia's banks when it comes to passing on interest rate cuts. Announcing the inquiry on this ...

SMSFs not for everybody: ASIC

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... warning Australians to consider the appropriateness of self-managed super funds, noting controversial Productivity Commission findings which show the super vehicle is less suitable for low-balance members. The corporate regulator is urging Australians ...

Culture change must not be a fad: APRA

HARRISON WORLEY  |  FRIDAY, 11 OCT 2019
... (ACSI) released an update suite of governance guidelines on Friday, designed to "sharpen the focus" following the Royal Commission. Commenting on the new guidelines - which include an increased emphasis on incorporating ESG issues into risk frameworks ...

AMP shamed by CHOICE

ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
... interests," AMP said. The consumer group made mention of the "underhanded behavior" that came to light at the Royal Commission, in which AMP was shown to have charged customers substantial financial advice fees without delivering a service. CHOICE also ...

Volcker Rule tweak gets green light

KANIKA SOOD  |  THURSDAY, 10 OCT 2019
... January 2021. The five agencies whose approval was needed include: Federal Reserve Board, the Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Securities and Exchange ...

Super funds face scrutiny in Canberra

ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
... of the groups will include monitoring the sector's progress on implementing relevant recommendations from the Royal Commission. The hearings will take place in Canberra on November 21 and 22 this year. The government announced in July that it would extend ...

AMP combines business units, appoints new boss

KANIKA SOOD  |  THURSDAY, 10 OCT 2019
... for the segment were close to $4 billion, reflecting a range of factors including reputational damage from the Royal Commission, the company said in FY18 annual report. AMP Bank reported operating earnings of $148 million for the period, swelling by ...

QMV kicks off legal practice, appoints lead

KANIKA SOOD  |  TUESDAY, 8 OCT 2019
... works with about 25 superannuation clients. Recent work has been focused on data remediation arising out of the Royal Commission and management consulting, according to QMV managing partner Mark Vaughan. It now sees an opportunity in advising superannuation ...