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Showing 281 - 290 of 1257 results for "Royal Commission"

Robo-advice a complement, not disruptor: Six Park

ANNABELLE DICKSON  |  FRIDAY, 23 OCT 2020
... barriers for adviser adoption is the perception that robo-advice may not be compliant, particularly following the Royal Commission. However, he said, these concerns are unfounded and ASIC is supportive of digital advice models. "Anything that helps professionals ...

Sam Henderson sentenced

ELIZABETH MCARTHUR  |  TUESDAY, 20 OCT 2020
... information memorandum dated May 2011. Henderson was the subject of a case study on bad financial advice at the Royal Commission and was subsequently banned from providing financial services for a period of three years. During the Royal Commission, audio ...

NAB to pay $15m for Royal Commission case study

ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
... Bank has been ordered to pay $15 million for dealing with unlicensed home loan introducers, as revealed at the Royal Commission. ASIC brought proceedings against NAB for contravening the National Consumer Credit Protection Act, which prohibits credit ...

A new model is coming: Licensees

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
... terms of institutional alignment that the industry has experienced in recent years, and particularly since the Royal Commission, might not be helping the affordability problem. "My feeling is that as an industry the dynamics are changing. We've got the ...

Stephen Jones admits to anti-life insurance bias

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
At the Association of Financial Advisers annual conference, shadow minister for financial services Stephen Jones outlined Labor's vision for financial advice and admitted to apprehension on life insurance. Jones said, referring to the ASIC review ...

APRA highlights heatmaps success

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 OCT 2020
... government reform possibly making heatmaps redundant after they were only in effect for one year. Following the Royal Commission, one of APRA's objectives was to drive super trustees to deliver quality outcomes for members. This drove several new APRA ...

MLC Wealth general manager jumps to Ashurst

ELIZABETH MCARTHUR  |  TUESDAY, 13 OCT 2020
... firms navigate this complexity with confidence." Baker led the remediation of customers at MLC following the Royal Commission as well as MLC's response to the ongoing regulatory investigations resulting from the conduct issues that were exposed.

Adviser sentenced to eight years' prison

ELIZABETH MCARTHUR  |  FRIDAY, 9 OCT 2020
... ceased after he sent an email to Synchron admitting to wrongdoing. Trapnell said the admission came during the Royal Commission and that perhaps Dick felt he would no longer be able to keep up his fraud. Synchron's compliance manager then flew to ...

Budget commitment to aged care not good enough

ALLY SELBY  |  TUESDAY, 6 OCT 2020
... at-home care packages, with further investment set to be announced following the final recommendations of the Royal Commission into Aged Care Quality and Safety in February next year. "This brings the total to more than 180,000 places, three times the ...

Super industry cautious on more reform

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... of account duplication and fund underperformance. "The FSC congratulates the Government for committing to the Royal Commission's 'default once' recommendation, which will prevent unnecessary account erosion from fees and the creation of new duplicate ...