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Showing 141 - 150 of 346 results for "Final Report"

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," ...

Industry funds wary of stapling default members

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
... encourage errant behavior as funds try to sign up the first-time entrants into the superannuation system." In the final report of the financial services Royal Commission handed down last Monday, Hayne came to the same conclusion as the Productivity Commission ...

NAB most distrusted bank in Australia

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
... distrusted bank brand in a Roy Morgan survey conducted after the financial services Royal Commission handed down its final report and NAB bosses resigned. In January, Commonwealth Bank had the lowest trust score but after Commissioner Kenneth Hayne singled ...

Government moves on Royal Commission super recommendations

HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
... amended the SIS Act and some of its superannuation bills to include recommendations made in the Royal Commission's final report. Superannuation fund trustees are set to be banned from treating employers in efforts to be selected as their default ...

Royal Commission to disrupt product distribution: Roy Morgan

JAMIE WILLIAMSON  |  WEDNESDAY, 13 FEB 2019
... likely to be disrupted as the Federal Government looks to implement the recommendations of the Royal Commission's final report. Latest insights from Roy Morgan show intermediaries account for the distribution of about 35% of the total value of major ...