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

Search Results

Showing 231 - 240 of 1691 results for "Royal"

Longo's ASIC less aggressive: Report

ELIZABETH MCARTHUR  |  FRIDAY, 10 DEC 2021
Despite a flood of litigation following the Royal Commission, a new report from Herbert Smith Freehills says Joe Longo's ASIC is taking a less aggressive enforcement approach than its contemporaries. Herbert Smith Freehills' Global Financial Services ...

ASIC sues ANZ in final civil RC case

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
... 'Breakfree' packages in conduct dating back more than two decades. In what is the last investigation to come out of the Royal Commission, ASIC alleges that between the mid-1990s and September 2021, ANZ failed to provide certain benefits. These ...

Avanteos faces criminal charges over deceased super members

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 DEC 2021
... entitled to do 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 ...

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
... refers to as 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 ...

AMP advances demerger

KARREN VERGARA  |  TUESDAY, 30 NOV 2021
... and 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 ...

Review of ASIC kicks off

ELIZABETH MCARTHUR  |  TUESDAY, 30 NOV 2021
... The 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 ...

Industry fund chief steps down, successor named

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
... Credit Union Australia's general manager, business transformation. He has also held roles with Lloyds Banking Group, Royal Bank of Scotland and Westpac. QSuper is in the process of merging with Sunsuper. When the two funds confirmed the post-merger ...

ASIC sues ANZ over home loan referrals

CHLOE WALKER  |  FRIDAY, 26 NOV 2021
... cleaners 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 ...

2021 FPA Award winners revealed

CHLOE WALKER  |  THURSDAY, 18 NOV 2021
... delighted by 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," ...

AMP in enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... on our 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 ...