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Showing 1701 - 1710 of 6079 results for "Commission"

Much review about nothing

HARRISON WORLEY  |  FRIDAY, 12 JUL 2019
... assertion that the Government would launch a review into the retirement income system as recommended by the Productivity Commission." However the former AustralianSuper staffer failed to reveal anything further, leaving many in the industry with doubts ...

Managed investment scheme operator AFSL canned

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUL 2019
The Australian financial services licence of a Sydney-based managed investment scheme operator was cancelled by ASIC. The corporate regulator cancelled the licence of Australian Mutual, which operated a number of investment schemes. The cancellation ...

ASIC slams consumer credit failures

HARRISON WORLEY  |  FRIDAY, 12 JUL 2019
... to ban unsolicited outbound CCI sales over the phone. The practice has come under scrutiny recently, after the Royal Commission and ASIC's review of direct life insurance revealed issues emanating from the outbound sale of life insurance. ASIC said it ...

NEOS upgrades super product

KARREN VERGARA  |  THURSDAY, 11 JUL 2019
Enhancements to NEOS Life's superannuation product Super Plan are helping customers apply for cover in a fraction of the time. When applying for the risk-only superannuation product, a customer's identity is validated and automatically matched with ...

Former financial adviser jailed

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUL 2019
A former financial adviser who used $5 million in client funds to prop up his own business, pay off his credit cards and gamble has been jailed. James Gibbs was convicted of theft and dishonesty offences committed when he was director of James Gibbs ...

Super funds hard to engage with: Research

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUL 2019
... fund instead of passively accepting their new employer's default option." He puts this shift in part down to the Royal Commission raising consciousness around super and marketing efforts by industry super funds. "While Australians are increasingly loyal ...

Remembering Ron Grima

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JUL 2019
... listen with empathy and offer encouraging support." Penning an article in December 2018, Grima criticised the Royal Commission for placing too much focus on misconduct in the industry and failing to recognise the real value of advice. Linking the argument ...

Increasing SG costly for middle Australia: Grattan

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2019
... and the Parliamentary Budget Office." It is also the position held by Paul Keating, Bill Shorten and the Fair Work Commission in 2013. The Australian Institute of Superannuation Trustees head of advocacy Ailsa Goodwin said adjusting the taper rate is ...

MLC faces class action over adviser fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUL 2019
IMF Bentham and William Roberts Lawyers will bring a class action against MLC's super fund trustee NULIS Nominees relating to excess fees charged to members for adviser commissions. IMF Bentham and William Roberts will allege NULIS breached its ...

Linda Elkins to depart Colonial First State

KANIKA SOOD  |  MONDAY, 8 JUL 2019
... (ASFA) and has served on numerous Financial Services Council committees. She appeared on behalf of CFS during the Royal Commission hearings last August, where she was questioned about errors during the company's transition to MySuper products in ...