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Showing 301 - 310 of 1257 results for "Royal Commission"

AMP does not treat advisers fairly: Poll

ELIZABETH MCARTHUR  |  TUESDAY, 1 SEP 2020
... businesses in the financial planning industry have faced a great deal of turmoil in the aftermath of the Banking Royal Commission, with hundreds of planners bearing the brunt of brutal restructures and fire sales by banks and wealth funds," ombudsman ...

Advice group flees MLC after IOOF takeover

ANNABELLE DICKSON  |  TUESDAY, 1 SEP 2020
... just being part of a large group that sparked the shift but also the uncertainty of financial advisers after the Royal Commission and as a small business owner HFM & Partners needs certainty with their clients' portfolios. "We need to do what is ...

ASIC names operations, risk leads

KARREN VERGARA  |  MONDAY, 31 AUG 2020
... resumed many of its projects that were temporarily disrupted; particularly work that pertains to the banking Royal Commission recommendations. In the financial advice sector, ASIC will continue to identify unlicensed advice and take "swift action," against ...

Advice disciplinary body delayed

KARREN VERGARA  |  FRIDAY, 28 AUG 2020
... not see its slated January 2021 launch. Instead, the disciplinary body as recommended by the financial services Royal Commission, is set to be up and running in mid-2021, Hume told the Stockbrokers and Financial Advisers Association Virtual Conference ...

Challenges on the horizon for CountPlus

ANNABELLE DICKSON  |  FRIDAY, 28 AUG 2020
... financial year as chief executive Matthew Rowe said Count Financial will be faced with the consequences of the Royal Commission including the mandatory rollback of grandfathered rebates and platform commissions paid to licensees. Ahead of the changes ...

APRA issues new licence conditions on NULIS

ELIZABETH MCARTHUR  |  THURSDAY, 27 AUG 2020
... provisions. The new directions and licence conditions follow an investigation into matters at NULIS uncovered by the Royal Commission. The Royal Commission formed the view that NULIS' decisions in regards to moving certain groups of members into ...

Sam Henderson pleads guilty

ELIZABETH MCARTHUR  |  TUESDAY, 25 AUG 2020
... claim that he had a Master of Commerce. 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 ...

ASIC takes action against BTFM, Asgard, StatePlus

JAMIE WILLIAMSON  |  THURSDAY, 20 AUG 2020
... so, Asgard contravened its obligations as an AFSL holder to act efficiently, honestly and fairly. In 2018, the Royal Commission revealed that BT and Asgard charged about 767 members for financial product advice that wasn't provided between 2001 and ...

Calls for consent forms, opt-ins to be scrapped

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
... Lifespan chief executive Eugine Ardino and Synchron chair Michael Harrison, the dealer groups argued that the Royal Commission and Future of Financial Advice (FOFA) reforms have been unsuccessful and have only made advice less accessible to ordinary ...

Westpac ditches dividend

ELIZA BAVIN  |  TUESDAY, 18 AUG 2020
... certain parties are considering additional legal action and class actions in relation to issues raised by the Royal Commission, saying it anticipates further matters may arise in Q4 of this year.