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Showing 211 - 220 of 1257 results for "Royal Commission"

ASIC takes on NAB for fee-for-no service breaches

KARREN VERGARA  |  FRIDAY, 18 JUN 2021
... "prolonged under-investment" in its systems, compliance and controls as first exposed by the financial services Royal Commission, which enabled customers to be charged millions of dollars in fees unbeknownst to them. ASIC alleges that the contraventions ...

Calls for Royal Commission into housing

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 JUN 2021
... market, referring to it as a "beast" that is "rampaging through the economy". The researchers are calling for a Royal Commission into the housing future of Australia, with the housing market now valued at $8.1 trillion; double the value it was a decade ...

Advisers win annual renew law relief

KARREN VERGARA  |  FRIDAY, 11 JUN 2021
... advice that reduces costly red tape on industry and maximises outcomes for consumers. The financial services Royal Commission recommended the annual renewal obligations in a bid to stamp out the fee-for-no-service problem that plagued the advice industry. ...

Research on education standards and morals launches

KARREN VERGARA  |  WEDNESDAY, 2 JUN 2021
... determine the impact that these changes may have had on the moral reasoning of advisers. The financial services Royal Commission mandated the professionalisation of advisers, forcing them to undertake further study and abide by a national code of ethics. ...

AMP sued for charging dead clients

JAMIE WILLIAMSON  |  THURSDAY, 27 MAY 2021
... deducted in advice fees, with $75,000 received during the period. The misconduct was first revealed by the Hayne Royal Commission in 2018, where it was made public that staff were aware deceased client accounts were being charged. According to ASIC's ...

Hostplus eyes Intrust merger

KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 21 MAY 2021
... management. The board document was put on public record as a part of materials requested and published by the Hayne Royal Commission. In 'Project Sunshine', as the strategic plan called it, Hostplus identified Queensland as a priority market. ...

Australian Unity to acquire aged care facility provider

KARREN VERGARA  |  WEDNESDAY, 19 MAY 2021
... aged care as a sector. "On top of increasing demand for quality aged care from an ageing population, the recent Royal Commission will result in greater support for more ageing-in place options. "This presents opportunities for providers such as Australian ...

Advice practices set to benefit from tax cuts

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
... is still significant regulatory change this year with the finalisation of FASEA deadlines, implementation of Royal Commission recommendations, changes to the super system, as well as dealing with the current pandemic and outcomes of the economic environment ...

Aged care expenditure to jump 37%

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
The aged care sector is set for a major boost to address problems raised in the Royal Commission and prepare for the coming wave of aging retirees. Aged care expenditure will increase 7% during 2021-22 to $24.3 billion and by 37% over the next four ...

APRA approves MLC super takeover

ELIZABETH MCARTHUR  |  FRIDAY, 7 MAY 2021
... the regulator found concerns it was not always considering members' best interests as the highest priority. The Royal Commission formed the view that NULIS' decisions in regard to moving certain groups of members into MySuper products, grandfathering ...