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Showing 271 - 280 of 1257 results for "Royal Commission"

Treasury expected to release retirement review

KANIKA SOOD  |  THURSDAY, 19 NOV 2020
... chair Deborah Ralston produced the 600-page report. Their job was not to make any recommendations (akin to the Royal Commission or Productivity Commission's final reports) but set the facts on four areas: how the retirement income system supports ...

Financial adviser reference checks under scrutiny

ELIZABETH MCARTHUR  |  THURSDAY, 19 NOV 2020
... brokers. Requiring financial advisers to have reference checks was one of the recommendations to come out of the Royal Commission. During the inquiry it was found licensees were not doing enough to communicate with each other on the background of advisers ...

RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
A slew of regulation recommended by the Hayne Royal Commission to tighten the reigns in the superannuation industry will come into force with the introduction of a new bill. Introduced in Parliament on November 12, the Financial Sector Reform (Hayne ...

APRA eases hard caps in revamped executive pay

KANIKA SOOD  |  THURSDAY, 12 NOV 2020
... (revised CPS 511). The non-financial measures (like potential detriment to consumers) were a focus at the Banking Royal Commission, which eventually made three recommendations on the subject. What qualifies as "material" is not defined in the report ...

More good news for Xplore

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 NOV 2020
... superannuation entity, managed discretionary accounts and DIY super administration. Wright, who was grilled at the Royal Commission, was appointed by Xplore in August 2019. Prior to Wright's appointment, the company's share price had tumbled and it came ...

FSC names new chair

KANIKA SOOD  |  MONDAY, 2 NOV 2020
... clients with numerous challenges and importantly opportunities. We have steered the organisation through the Royal Commission into Misconduct in the Banking and Financial Services Sector acknowledging deficiencies and driving meaningful change for those ...

AMP valued at $1.85 per share

ELIZA BAVIN  |  MONDAY, 2 NOV 2020
... undertake a portfolio review to assess all opportunities. AMP's heritage brand was badly damaged from the Royal Commission which has led to large net outflows, Morningstar said. "Despite AMP's strong market position in a long-term growth industry ...

DDO top of ASIC's agenda

ELIZA BAVIN  |  TUESDAY, 27 OCT 2020
... reduce harms seen from past misselling conduct and poor product design, including those identified during the Royal Commission." Hughes said the obligations embed a "consumer-centric" approach to the product lifecycle and should assist industry to deliver ...

Calls to axe TPB for financial advisers

ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
... recently said that the establishment of a new single disciplinary body for financial advisers, as recommended by the Royal Commission, could be yet another agency that advisers had to fund which duplicates regulation. "The single disciplinary body should ...

Legacy AMP Life policyholders take premium hit

ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
... The regulator said these included the poor product design and aggressive selling methods highlighted during the Royal Commission. "Our lifetime protection products, a small percentage of our income protection customers, are one of the product groups ...