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Showing 301 - 310 of 1691 results for "Royal"

ASIC takes on NAB for fee-for-no service breaches

KARREN VERGARA  |  FRIDAY, 18 JUN 2021
... bank's "prolonged under-investment" in its systems, compliance and controls as first exposed by the financial services Royal Commission, which enabled customers to be charged millions of dollars in fees unbeknownst to them. ASIC alleges that the ...

Calls for Royal Commission into housing

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 JUN 2021
... housing market, referring to it as a "beast" that is "rampaging through the economy". The researchers are calling for a Royal Commission into the housing future of Australia, with the housing market now valued at $8.1 trillion; double the value it was ...

Advisers win annual renew law relief

KARREN VERGARA  |  FRIDAY, 11 JUN 2021
... for financial advice that reduces costly red tape on industry and maximises outcomes for consumers. The financial services Royal Commission recommended the annual renewal obligations in a bid to stamp out the fee-for-no-service problem that plagued the ...

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... resulted in a US Congress investigation and a parliamentary enquiry in the UK. Court documents filed in Singapore saw a Royal Bank of Scotland trader confirm that the LIBOR fixing process had essentially become a cartel. Messages were filed in court ...

KPMG names risk consulting partners

ANNABELLE DICKSON  |  FRIDAY, 4 JUN 2021
... supervision of two major Australian banking groups and spend over a decade in risk management roles in the UK at Deloitte, Royal Bank of Scotland and IBM. "The financial services sector faces significant challenges and opportunities in areas such as ...

Research on education standards and morals launches

KARREN VERGARA  |  WEDNESDAY, 2 JUN 2021
... ethics to determine the impact that these changes may have had on the moral reasoning of advisers. The financial services Royal Commission mandated the professionalisation of advisers, forcing them to undertake further study and abide by a national code ...

Citi bolsters equities team

ELIZABETH MCARTHUR  |  THURSDAY, 27 MAY 2021
... across cash, prime and FCX on its platform. Nissan will also assist with expanding Citi's custody business after it acquired Royal Bank of Canada's custody business last year, making it the third largest custodian in Australia. ESG analyst Hayley McGuiness ...

AMP sued for charging dead clients

JAMIE WILLIAMSON  |  THURSDAY, 27 MAY 2021
... $100,000 was deducted in advice fees, with $75,000 received during the period. The misconduct was first revealed by the Hayne Royal Commission in 2018, where it was made public that staff were aware deceased client accounts were being charged. According ...

Hostplus eyes Intrust merger

KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 21 MAY 2021
... under management. The board document was put on public record as a part of materials requested and published by the Hayne Royal Commission. In 'Project Sunshine', as the strategic plan called it, Hostplus identified Queensland as a priority market. ...

Australian Unity to acquire aged care facility provider

KARREN VERGARA  |  WEDNESDAY, 19 MAY 2021
... confidence in aged care as a sector. "On top of increasing demand for quality aged care from an ageing population, the recent Royal Commission will result in greater support for more ageing-in place options. "This presents opportunities for providers ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN  |   12:33PM
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA  |   11:56AM
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  |   11:09AM
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  |   12:20PM
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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