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Showing 151 - 160 of 1256 results for "Royal Commission"

Avanteos faces criminal charges over deceased super members

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 DEC 2021
... so. Avanteos has remediated all affected customers. Avanteos's conduct was the subject of evidence given at the Royal Commission in the context of fee for no service conduct in the financial sector. The maximum penalty for each offence, which occurred ...

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
... junk insurance. "Customers who trusted the big banks were ripped off and continue to be out of pocket despite a Royal Commission and numerous ASIC investigations which found Westpac's behaviour was reprehensible," Paull said. "In terms of junk insurance ...

AMP advances demerger

KARREN VERGARA  |  TUESDAY, 30 NOV 2021
... internationally." The group has grappled with several cultural, performance and operational challenges since the Hayne Royal Commission. It recently entered into an enforceable undertaking with APRA for misconduct over its superannuation businesses and ...

Review of ASIC kicks off

ELIZABETH MCARTHUR  |  TUESDAY, 30 NOV 2021
... Financial Regulator Assessment Authority (FRAA) was established in response to recommendations 6.13 and 6.14 of the Royal Commission. It is tasked with reviewing and reporting on the effectiveness and capability of ASIC and APRA. However, the first stage ...

ASIC sues ANZ over home loan referrals

CHLOE WALKER  |  FRIDAY, 26 NOV 2021
... and real estate representatives. Introducer programs received considerable criticism in the Financial Services Royal Commission. ASIC alleges that between June 2016 and March 2018, ANZ breached consumer protection credit laws by accepting customer information ...

2021 FPA Award winners revealed

CHLOE WALKER  |  THURSDAY, 18 NOV 2021
... the announcement. "Being recognised helps to bring financial advice back into a positive light because what the Royal Commission didn't show is the thousands of advisers out there who have been making a positive impact for many years," Creasy said. ...

AMP in enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... commitments," she said. AMP said that at the end of the CEU, it expects all matters referred to APRA by the Hayne Royal Commission to be concluded. APRA member Margaret Cole said: "AMP is one of the wealth industry's largest and best resourced companies ...

BT Practice Principals' Community goes independent

ELIZABETH MCARTHUR  |  TUESDAY, 16 NOV 2021
... the demands of successful self-licensed businesses. Costas said he and BT decided to part ways in the new post-Royal Commission, once it became clear adviser independence was becoming a highly valued commodity. The BT Community had 134 members (authorising ...

Demand for niche advice firms increases

KARREN VERGARA  |  TUESDAY, 16 NOV 2021
... forex capability are rare and generate a premium. After the 2012 Future of Financial Advice reforms and the Hayne Royal Commission report was released in Feb 2019, many buyers now want to buy only financial planning clients who pay annual fees of between ...

APRA finalises framework for insurance in super

ELIZABETH MCARTHUR  |  FRIDAY, 12 NOV 2021
... finalised its revisions to guidance on insurance in superannuation, which was made in response to findings from the Royal Commission. APRA conducted extensive industry consultation on this matter over two years. Now, the completion of this work fulfils ...