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Showing 1621 - 1630 of 6079 results for "Commission"

Train of legislation to hit advisers

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 AUG 2019
... Minister Julie Bishop expressed sympathy for the regulatory changes the advice industry is facing. Touching on the Royal Commission, Bishop said the reputational harm that has been caused by the unrelenting media coverage about certain bad behaviour ...

It's time for super to move on: Combet

HARRISON WORLEY  |  WEDNESDAY, 28 AUG 2019
... ISA chair, the arguments of the past between retail and industry super need to end, especially given the Productivity Commission "validated" industry super's rhetoric of outperformance compared to its retail counterparts. In so doing, the industry can ...

ASIC bans financial adviser

KRISTI CHENG  |  WEDNESDAY, 28 AUG 2019
ASIC has banned a financial adviser from providing financial services for four years for failing to act in the best interests of clients. ASIC found Bundaberg-based Peter Goudie did not adequately identify his clients' objectives, financial situation ...

ASIC clamps down on poor advice, grandfathered commissions

KARREN VERGARA  |  WEDNESDAY, 28 AUG 2019
... it will work diligently to help Frydenberg push through numerous legislative reforms stemming from the banking Royal Commission and Productivity Commission inquiry into superannuation. This includes the proposed conduct accountability regime, single ...

Treasurer moves on broker remuneration

ELIZABETH MCARTHUR  |  TUESDAY, 27 AUG 2019
... mortgage brokers and seek to reform broker remuneration. It is the next step in the government's response to the Royal Commission, releasing draft legislation is in response to recommendation 1.2 which recommended mortgage brokers be required to act ...

ATO to crack down on SG non-payment

KRISTI CHENG  |  TUESDAY, 27 AUG 2019
The Australian Taxation Office will start using Single Touch Payroll (STP) system data to identify and warn employers on non-payment of super guarantee, according to ATO deputy commissioner James O'Halloran. Speaking at the 2019 ASFA National Policy ...

Down but not out: Top advisers adapt

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
... disruption, Rainmaker executive director of research Alex Dunnin says. "This is not just due to the impacts of the Royal Commission, FASEA or FoFA, but the combined effects of dramatic change over many years. "Product providers significantly changing ...

Value but no trust in advice: Report

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
New research from ASIC reveals what consumers really think when it comes to financial advice. The independent research, commissioned by the regulator, found that while consumers can see the value in seeking financial advice, lack of trust in the industry ...

CountPlus' 100-day plan for Count Financial

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
CountPlus' acquisition of Count Financial from the Commonwealth Bank has been completed for a fee of $2.5 million - and CountPlus is confident its new business will return a first year profit. CountPlus acquired 85% of Count Financial with the 15% balance ...

KPMG names financial services head

HARRISON WORLEY  |  MONDAY, 26 AUG 2019
... on its recent launch of a remediation centre to help clients deal with increased redress costs following the Royal Commission. "As a firm we recognise that our clients are constantly looking for more from us, particularly when it comes to innovation ...