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Showing 141 - 150 of 350 results for "Final Report"

Consultation opens for claim handling changes

HARRISON WORLEY  |  MONDAY, 4 MAR 2019
... the Government has opened consultation. A recommendation from Commissioner Kenneth Hayne in the Royal Commission's final report earlier this year, the change would allow ASIC to enforce a higher standard of behaviour ensuring consumers could expect the ...

APRA sets sights on 2019 targets

HARRISON WORLEY  |  FRIDAY, 1 MAR 2019
... major events swirling within the financial services industry. It specifically referenced the Royal Commission, the final report of the Productivity Commission's inquiry into superannuation and the BEAR legislation. For the super sector, APRA has ...

IFM Investors adds policy director

KARREN VERGARA  |  THURSDAY, 28 FEB 2019
... sound like a good idea. Commenting on Commissioner Kenneth Hayne's recommendation in the banking Royal Commission final report, Dean said stapling may potentially encourage errant behaviour as funds try to sign up the first-time entrants into the superannuation ...

AFA rebukes ideological drive against conflicted remuneration

HARRISON WORLEY  |  WEDNESDAY, 27 FEB 2019
The Association of Financial Advisers came out swinging in a public response to the Royal Commission's final report this morning. Speaking at the Sydney leg of the association's annual Connect Tour, AFA general manager of policy and professionalism ...

KPMG expands advice remediation team

HARRISON WORLEY  |  TUESDAY, 26 FEB 2019
... by ASIC to stop charging ongoing service fees after it failed to provide ASIC with an attestation and acceptable final report for an Enforceable Undertaking it entered in April last year for fees-for-no-service. The final report was set to determine ...

Grandfathered commissions ban splits industry: Poll

KARREN VERGARA  |  MONDAY, 25 FEB 2019
... Royal Commission will have either a material or severe impact on revenue. Commissioner Kenneth Hayne said in his final report said that there is no justification for grandfathering provisions in an industry that is trying to remove conflicts of interest ...

Labor responds to Royal Commission final report

JAMIE WILLIAMSON  |  MONDAY, 25 FEB 2019
... payment of grandfathered commissions by January 2020 if successful at the upcoming Federal election. Responding to the final report, Shadow Treasurer Chris Bowen said the party has already tabled a bill to end the grandfathering of conflicted remuneration. ...

AFCA hears legacy complaints

KANIKA SOOD  |  THURSDAY, 21 FEB 2019
... through a financial firm's internal dispute resolution process, this timeframe is reduced to two years." In his final report Commissioner Hayne recommended that Australian financial services licence (AFSL) holders should be obliged to take reasonable ...

ASIC flags post-RC criminal prosecutions

JAMIE WILLIAMSON  |  WEDNESDAY, 20 FEB 2019
... for assessment for criminal prosecution," the regulator confirmed. Work on the 11 specific referrals made in the final report to eight separate entities has also been prioritised, ASIC said. ASIC said all work is being undertaken with its new 'Why not ...

Royal Commission recommendations split industry

KARREN VERGARA  |  MONDAY, 18 FEB 2019
... remainder were split among believing the recommendations were unfair and unreasonable, and being too lenient. EY said the final report and the Government's response stopped short of major structural reforms and labelled the recommendations as "pragmatic," ...