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Showing 281 - 290 of 1691 results for "Royal"

Broken advice industry shuns everyday Aussies: AFA

KARREN VERGARA, ANNABELLE DICKSON  |  THURSDAY, 29 JUL 2021
... professional advice the most cannot access it. The number of active advisers has fallen from nearly 29,000 at the time of the Royal Commission to just over 19,000, he told the Standing Committee on Economics focused on the state of the advice sector. ...

AFA slams skyrocketing ASIC levy

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
... Between FY19 and FY21, total costs have shot up from $33 million to $71 million. "Enforcement action, which largely relates to Royal Commission actions, has risen from $9.5 million to $31.4 million. In addition, the allocation of indirect costs has risen ...

De Gori to leave FPA

JAMIE WILLIAMSON  |  MONDAY, 26 JUL 2021
... years, leading the industry body through what has been one of the most tumultuous times for financial advice, including the Royal Commission and subsequent regulatory reforms, increasing costs to operate and implementation of minimum education standards. ...

AFA announces new chief executive

KANIKA SOOD  |  MONDAY, 26 JUL 2021
... corporate affairs Most recently she led the Law Society of New Zealand which has about 15,000 members. Prior to this she led the Royal New Zealand College of General Practitioners. She previously worked in corporate affairs positions with ANZ (New Zealand) ...

CommIF ups hospital stake

ELIZABETH MCARTHUR  |  MONDAY, 26 JUL 2021
... After swatting off three takeover bids, the AMP Capital Community Infrastructure Fund (CommIF) has increased its stake in Royal Adelaide Hospital. AMP Capital acquired an additional 9.95% in the Royal Adelaide Hospital on behalf of CommIF, taking its ...

AMP shakes up advice service model

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 26 JUL 2021
... charges should be brought against the AMP group. AMP's BOLR measures have been under close scrutiny since the 2018 Hayne Royal Commission. In an early hearing, senior counsel assisting Rowena Orr highlighted instances in which service fees were still ...

ASIC consults on anti-hawking rules

KANIKA SOOD  |  THURSDAY, 22 JUL 2021
... products. Anti-hawking reforms are slated for an October 5 start. They are a part of the government's response to the Hayne Royal Commission, which said hawking meant Australians were getting sold financial products they did not need or want. The consultation ...

ASIC prepares licensees for reference checks

KARREN VERGARA  |  WEDNESDAY, 21 JUL 2021
... or cancelling a licence or imposing licence conditions. The new rules are covered by the Financial Sector Reform (Hayne Royal Commission Response) Act 2020 and ASIC' Reference checking and information sharing protocol, which both take effect on October ...

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
... the Banking Executive Accountability Regime (BEAR) which has applied to banks since July 2018. In February 2019, the Hayne Royal Commission recommended extending BEAR to include APRA-regulated entities including superannuation funds and insurers, following ...

ASIC releases grandfathered arrangement findings

KARREN VERGARA  |  FRIDAY, 16 JUL 2021
... example, charging an ongoing fee, an hourly rate or a fixed price or an asset-based fee, it found. The financial services Royal Commission recommended an end to the grandfathering of conflicted remuneration paid to financial advisers as soon as practicable ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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