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Search ResultsShowing 11 - 20 of 50 results for "Hayne Royal Commission"
Life insurers breach own code consistently
ELIZABETH MCARTHUR  |  WEDNESDAY, 11 MAR 2020
... management. "Today's report suggests that despite all the rhetoric and promises to do better before and after the Hayne Royal Commission, many insurers have treated their own code as a paper tiger and this casts doubt on the industry's ability to rebuild ...
Consultation on mortgage broker best interests duty opens
ALLY SELBY  |  THURSDAY, 20 FEB 2020
... consumers and to prioritise their clients when providing credit assistance. Following recommendations from the Hayne Royal Commission, the parliament introduced a best interests duty for mortgage brokers in February 2019. The duty seeks to align the ...
The growing risk to financial advisers
ALLY SELBY  |  THURSDAY, 23 JAN 2020
... educational requirements and compliance pressures, in addition to major trust issues on the back of the Hayne Royal Commission. "The industry is in a state of flux and for those of us who remain, the transition is not an easy one," Hutton said. "The ...
HESTA names chief risk officer
JAMIE WILLIAMSON  |  THURSDAY, 16 JAN 2020
... Blakey said. Blakey said the Royal Commission spurred the creation of the new role. "In the wake of the Hayne Royal Commission we have seen how critical a strong culture and trust are for financial institutions," she said. "The appointment of Andrew ...
ANZ overcharges 3.4 million customers
ALLY SELBY  |  THURSDAY, 19 DEC 2019
... million customers who have been overcharged as the bank swiftly makes good on recommendations from the Hayne Royal Commission. ANZ chief executive Shayne Elliot told shareholders at the bank's annual general meeting in Brisbane on Tuesday that the bank ...
Dealer group boosts compliance team
JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2019
... became more complex. "The compliance regime for planners has become much more demanding in the wake of the Hayne Royal Commission. Licensees have a duty to their authorised representatives to stay on top of the changes, and the only way to do that is ...
Cost savings, RC boost digital advice
JAMIE WILLIAMSON  |  MONDAY, 16 DEC 2019
... the big four testify in relation to misconduct in their financial advice arms. "Upon publication of the Hayne Royal Commission report, Decimal recorded a significant increase in the number of automated compliance checks triggering advice warnings and ...
Dealer group launches transition support service
HARRISON WORLEY  |  FRIDAY, 13 DEC 2019
... forward to its launch next year. "There is much change unfurling within our industry in the wake of the Hayne Royal Commission, particularly in relation to new AFSLs entering the market," Tunkin said. "Lifespan Partnership is designed to allow self-licensees ...
SCA drags AMP over claim delays
ALLY SELBY  |  TUESDAY, 10 DEC 2019
... insurer," O'Halloran said. It comes two weeks after APRA proposed changes to pass recommendations from the Hayne Royal Commission to reduce conflicts of interest in insurance in superannuation. These changes will assure that insurance arrangements are ...
Culture index launched
ELIZA BAVIN  |  TUESDAY, 10 DEC 2019
In response to current concerns around Australian corporate culture exposed by the Hayne Royal Commission, a Melbourne-based startup has launched a standardised index creating culture transparency. The Workability Index (TWI) aims to provide companies ...
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