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Showing 281 - 290 of 1018 results for "Inquiry"

David Murray becomes AMP chair

ALEX BURKE  |  FRIDAY, 4 MAY 2018
AMP has named Financial System Inquiry overseer and former CBA chief executive David Murray as its new chair. He will take on the role after AMP's annual general meeting in July, at which point executive chair Mike Wilkins will return to the position ...

Unlicensed SMSF advice not systemic: ASIC

HARRISON WORLEY  |  FRIDAY, 4 MAY 2018
... "limited licence", which would enable the provision of a limited range of financial services relevant to SMSFs. The ASIC inquiry found that most of the accountants investigated were not providing unlicensed SMSF advice, and that mainly accountants simply ...

CBA enters APRA EU

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
... operational risk management framework "worked better on paper than in practice." Releasing the final report of its prudential inquiry into CBA, the regulator said it identified a "complex interplay of organisational and cultural factors at work", demonstrating ...

Uncertainty abounds future of advice regulation

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
... concerns as to the organisations' efficacy in identifying and penalising misconduct. In closing the Royal Commission's inquiry into financial advice on Friday, Senior Counsel Assisting Rowena Orr said the testimonies provided by the Financial Planning ...

Brenner leaves AMP

JAMIE WILLIAMSON  |  MONDAY, 30 APR 2018
... has cleared itself of any wrongdoing over the preparation of a Clayton Utz report. In the wake of the Royal Commission's inquiry into financial advice, Brenner has left the organisation and acting chief executive Mike Wilkins will serve in her stead ...

RECAP: Advice in the Royal Commission spotlight (Days 6- 9)

KANIKA SOOD  |  FRIDAY, 27 APR 2018
... the SMSF Expo in Melbourne, SMSF Association chief executive John Maroney said: "I don't want to go into detail about an inquiry that is proceeding, except to say this. We believe that the poor practices and behaviour in the financial advice industry ...

ROYAL COMMISSION: Our top stories

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
Missed something? Here's a recap of the most read stories to come out of the second week of the Royal Commission's inquiry into financial advice. High profile adviser under fire The Royal Commission heard how Fair Work commissioner Donna McKenna received ...

Adviser regulation lacking a professional body, RC hears

KARREN VERGARA  |  FRIDAY, 27 APR 2018
... reputation and engage in a legal battle. AFA chief executive Philip Kewin faced the country's highest form of public inquiry yesterday, explaining the professional body aspires to play a bigger role in regulating the industry. Senior Counsel Assisting ...

High profile adviser under fire

JAMIE WILLIAMSON  |  THURSDAY, 26 APR 2018
... before her 58th birthday she would have forfeited her right to a deferred benefit sum of $500,000. Henderson told the inquiry this recommendation was made with the belief that McKenna had meant to say defined benefit, not deferred benefit. This is also ...

ANZ, NAB bottom lines take a hit

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... miscellaneous costs for its full-year reporting period of 30 September 2018. ANZ said it is committed to engaging with the inquiry in an open, constructive and transparent manner, but cannot predict the outcome or its impact on the bank or broader industry. ...