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Showing 231 - 240 of 1256 results for "Royal Commission"

ASIC releases fee consent instrument

ELIZABETH MCARTHUR  |  THURSDAY, 25 MAR 2021
... regulate advice fee consents and lack of independence disclosures, as part of the government's response to the Royal Commission. The first of the three sets the requirements that written consent from a fee recipient must be obtained by financial advisers ...

Milliman hires head of distribution

KARREN VERGARA  |  TUESDAY, 23 MAR 2021
... capital losses. "Prior to COVID-19, financial planners were already facing a raft of challenges in the wake of the Royal Commission, with regulatory requirements such as best interest duty drawing a focus on the fees and benefits of investment solutions ...

Banks still failing customers after Royal Commission

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
... Financial Complaints Authority (AFCA) complaints data shows over 31,000 complaints have been made in the wake of the Royal Commission, according to CHOICE. Complaints around credit products revealed many customers have still been facing irresponsible ...

Super for house deposits will push up prices: ASFA

KANIKA SOOD  |  MONDAY, 15 MAR 2021
... estate assets. ASFA says none of the recent major superannuation reviews (including Productivity Commission, Royal Commission, Retirement Income Review and Jeremy Cooper and David Murray's reviews) have recommended early release of superannuation for ...

Frontier zeroes in on poor culture

KARREN VERGARA  |  THURSDAY, 11 MAR 2021
... paper entitled CEOs Say One Thing and Do Another, Rafe focused on two case studies from the financial services Royal Commission - Commonwealth Bank and Westpac. Despite the many unethical behaviours of senior leaders who knowingly maximised profits at ...

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
... in getting refunds for fee for no service financial advice, junk insurance and other misconduct exposed by the Royal Commission - but they are doing it for a fee. Remediator is one such service, launching just last year. People who think they may be ...

Court makes orders in ASIC versus TAL

KANIKA SOOD  |  WEDNESDAY, 10 MAR 2021
The Federal Court yesterday made orders in ASIC's December 2019 case against TAL, which stems from a Royal Commission case study. The matter relates to a TAL income protection customer, who in January 2014 made a claim on her policy after being ...

ASIC pursues criminal charges in super

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAR 2021
... against Rest and Statewide Super are just the tip of the iceberg when it comes to ASIC's pipeline of non-Royal Commission-related superannuation litigation. Offering no details, Chester said the regulator has prepared two briefs of evidence in support ...

AMP Capital Ethical Leaders dropped by another super fund

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 MAR 2021
... appropriate manager. "In recent times, there has been negative press surrounding AMP Capital stemming from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry as well as inappropriate culture within their ...

Westpac exec goes part-time

ANNABELLE DICKSON  |  TUESDAY, 9 MAR 2021
... navigating the company through various legal and regulatory challenges, including BBSW, responsible lending, the Royal Commission and AUSTRAC," King said. "Importantly, she has been an invaluable member of our executive team and I have greatly benefited ...