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Showing 1651 - 1660 of 6079 results for "Commission"

Renewed calls for risk-adjusted returns

KARREN VERGARA  |  MONDAY, 12 AUG 2019
... comparison that focuses on risk as the key metric. The propensity for research houses, the media - and even the Productivity Commission - to use average returns as the ultimate yardstick for outperformance has drawn the ire of some that are being unfairly ...

Advisers to bear brunt of AMP failings

JAMIE WILLIAMSON  |  FRIDAY, 9 AUG 2019
AMP advisers planning to exercise their Buyer of Last Resort (BOLR) arrangements look set to have their business valuations slashed as part of the institution's new strategy. AMP chief executive Francesco De Ferrari said the group will look to recalculate ...

Tasmanian super funds seek insurer

KANIKA SOOD  |  FRIDAY, 9 AUG 2019
... the search for an insurer to take over the mandates of two small public sector superannuation funds. The State Fire Commission Superannuation Scheme (SFCSS) and the Tasmanian Ambulance Service Superannuation Scheme (TASSS) are expected to open tender ...

Why do we need royal commissions, Hayne asks

KANIKA SOOD  |  THURSDAY, 8 AUG 2019
... what these calls are telling us about the state of our democratic institutions." He reminded the audience that a Royal Commission is independent, neutral, public and produces a reasoned report. However, its powers of gathering information are no different ...

On track: APRA reveals RC progress

HARRISON WORLEY  |  THURSDAY, 8 AUG 2019
APRA is on track to meet its deadlines to implement the recommendations stemming from the Royal Commission. The prudential regulator has revealed its responses to each of the 10 recommendations relevant to APRA following the release of Kenneth Hayne's ...

AMP profits dive, chief pay restructured

ELIZABETH MCARTHUR  |  THURSDAY, 8 AUG 2019
... payments. AMP says these outflows reflected a range of factors including the impact of AMP's appearance at the Royal Commission in 2018 and changes to MySuper pricing. As for the advice business, the cessation of internal distribution arrangements between ...

CBA remediation bill drags performance

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
... towards implementing regulatory and compliance initiatives, including recommendations from the financial services Royal Commission, CBA announced to the ASX this morning. Its cumulative spend and provision on rectifying errors further breaks down to ...

BT advice boss lands new role

KANIKA SOOD  |  WEDNESDAY, 7 AUG 2019
The former general manager of BT Financial Advice, who was grilled at Royal Commission hearings last year, will lead an ASX-listed managed accounts provider for a $500,000 base salary. Michael Wright will join Xplore Wealth (formerly Managed Accounts ...

Financial Wisdom to shut down

JAMIE WILLIAMSON  |  WEDNESDAY, 7 AUG 2019
... services through Financial Wisdom by June 2020 and will then proceed with the closure. Commonwealth Bank cited the Royal Commission and structural changes in the advice sector as key drivers behind the decision. Advisers will be supported through an ...

Spaceship co-founder to exit

KANIKA SOOD  |  TUESDAY, 6 AUG 2019
... chief operating officer. He was appointed as chair in May 2018, a month after the Australian Securities and Investments Commission slapped Spaceship and trustee Tidswell Financial Services with infringement notices about its promotional material.