Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 221 - 230 of 1256 results for "Royal Commission"

Advisers to go forth with claims handling

ANNABELLE DICKSON  |  MONDAY, 26 APR 2021
... claims handling, following a submission outlining issues. The government passed Financial Sector Reform (Hayne Royal Commission Response) Act 2020 in December 2020 and required AFSLs to include an authorisation to assist with insurance claims. However ...

Mercer launches aged care support service

KARREN VERGARA  |  MONDAY, 26 APR 2021
... "Australia needs to be innovative in how it supports people as our society rapidly ages," Burkitt said. The recent Royal Commission in the aged care system handed down a whopping 148 recommendations after uncovering systemic problems in the system that ...

Adviser numbers at five-year low

KARREN VERGARA  |  FRIDAY, 23 APR 2021
The financial adviser population has reverted to the pre-financial services Royal Commission days, ending at 20,667 in the first quarter of 2021. Rainmaker analysis of ASIC's Financial Adviser Register found that the total number of financial advisers ...

ASIC opens breach reporting consultation

ANNABELLE DICKSON  |  THURSDAY, 22 APR 2021
... draft guidance is based on reforms made to the breach reporting regime under the F inancial Sector Reform (Hayne Royal Commission Response) Act 2020 and expand and clarifies the types of situations that must be reported to ASIC. The reforms, which are ...

Government merges advice reviews

KARREN VERGARA  |  WEDNESDAY, 21 APR 2021
... work and save time for stakeholders by eliminating consultation times and submissions. In early 2019, the Hayne Royal Commission recommended a review into the quality of advice in three years' time that should be conducted by ASIC. The review should ...

Former Aon Hewitt adviser banned

ELIZABETH MCARTHUR  |  TUESDAY, 20 APR 2021
... representatives failed to comply with the Stronger Super reforms. This instance was cited as a case study in the Royal Commission. Under the reforms, a member's accrued default amounts of super were to be transferred to a MySuper option by 1 July 2017 ...

Delay breach reporting law: AFA

KARREN VERGARA  |  FRIDAY, 16 APR 2021
... and risk position with the new regulation. "While there was a myriad of developments to come out of the Hayne Royal Commission, new oversight regimes and more stringent regulatory breach reporting are some of the key areas affecting the financial services ...

Andrew Thorburn joins IIG

KANIKA SOOD  |  FRIDAY, 16 APR 2021
... said of Madhavan's departure. Thorburn and NAB chair Ken Henry resigned in early 2019 after the fallout from Royal Commission hearings. Five-year-old IIG is owned by Small Giants, the family office of Danny Almagor and Berry Liberman. Their other investments ...

Time running out for claims licences

ELIZABETH MCARTHUR  |  FRIDAY, 9 APR 2021
... those involved with insurance claims handling to be covered by an AFSL is one of the reforms to come out of the Royal Commission. Claims handling and settling services were previously excluded from the definition of 'financial service' in the ...

Kelly O'Dwyer joins EQT board

KANIKA SOOD  |  MONDAY, 29 MAR 2021
... Higgins and was appointed the minister for revenue and financial services in July 2016 during which time the Royal Commission into financial services and banking held its hearings. Less than two years later in September 2018 she was moved to the jobs ...