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Showing 291 - 300 of 1691 results for "Royal"

No charges in AMP BOLR investigation

JAMIE WILLIAMSON  |  FRIDAY, 16 JUL 2021
... the business is "pleased to have closure on the matter". The conduct was the subject of intense scrutiny during the 2018 Royal Commission. At the time, Senior Counsel Assisting Michael Hodge also noted that AMP would dial down fees for orphaned clients ...

AMP Capital fund reduces fees, secures major loan

KARREN VERGARA  |  THURSDAY, 15 JUL 2021
... a 1% holding. A key asset in CommIF has secured a $2.2 billion loan touted as the largest in the healthcare sector. The Royal Adelaide Hospital secured the sustainability loan with the help of a consortium of AMP Capital and 18 banks. The hospital is ...

Insurers dodging Royal Commission reform

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
Last week, the federal government announced exemptions for the insurance industry in relation to Royal Commission reforms. According to the Consumer Action Law Centre, these exemptions allow the insurance industry to side-step the Royal Commission recommendations ...

OnePath to remediate over pressure selling

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
... three years of concerted regulatory action. Notably, the deep dive review also informed the evidence base for several Hayne Royal Commission misconduct case studies. Our review uncovered egregious sales practices, with tens of thousands of consumers ...

New chair for AIA Australia

ELIZABETH MCARTHUR  |  WEDNESDAY, 7 JUL 2021
... well as the next phase of our journey to help Australians live healthier, longer, better lives." Yates is also chair of the Royal Institution of Australia, the Australian Science Media Centre, the Faculty of Business and Economics at Melbourne University ...

Regulators warn trustees of super advice fee obligations

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
... processes and systems in place to meet the new regulation. On 2 March 2021, the Advice Fees and Independence Act received Royal Assent, limiting the advice fee deductions from superannuation accounts as recommended by the Hayne Royal Commission. Recommendation ...

Better Advice regulations hit parliament

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
... minister for superannuation, financial services and the digital economy Jane Hume introduced The Financial Sector Reform (Hayne Royal Commission Response - Better Advice) Bill 2021 in parliament on June 24. Otherwise known as the Better Advice Bill ...

Government to create ASIC, APRA regulator

ANNABELLE DICKSON  |  THURSDAY, 24 JUN 2021
... Prudential Regulation Authority (APRA). Under the Financial Regulator Assessment Authority Bill 2021, based off the Hayne Royal Commission recommendations 6.13 and 6.14, the Financial Regulator Assessment Authority (FRAA) will be established. Recommendation ...

WealthO2 launches adviser app

KARREN VERGARA  |  TUESDAY, 22 JUN 2021
... seeing all ages of clientele utilising apps, it's the next generation of adviser's client who have viewed the issues from the Royal Commission and are even more aware of possible hidden fees and lack of transparency," WealthO2 co-founder and managing ...

AFA defends industry against Labor attack

KARREN VERGARA  |  MONDAY, 21 JUN 2021
... giving shonky advice - the kind of advice we've seen again and again and again, the kind of advice exposed in the Hayne Royal Commission," she went on to say. "There are inadequate protections for consumers, and this bill further exposes people to ...