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Showing 311 - 320 of 1257 results for "Royal Commission"

Catherine Brenner case dropped

ELIZABETH MCARTHUR, ANNABELLE DICKSON  |  TUESDAY, 11 AUG 2020
... Crennan replied. Brenner resigned as chair of AMP and stepped down from the board in April 2018 in the wake of the Royal Commission. "As chair, I am accountable for governance. I have always sought to act in the best interests of the company and have ...

IOOF divests Australian Ethical

ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
... In 2018 Australian Ethical divested AMP over revelations about AMP's advice business that emerged during the Royal Commission. It cited fees for no service, failure to reprimand dishonest advisers and remediate clients and keeping clients in expensive ...

Super funds slapped over smoker premiums

ALLY SELBY  |  FRIDAY, 7 AUG 2020
... million in compensation." Trustees that have committed to remediating members are heeding the lessons of the Royal Commission, Press said, urging them to pursue outcomes for members in line with community expectations. "Superannuation funds play an important ...

Alex Wade leaves AMP

JAMIE WILLIAMSON  |  THURSDAY, 6 AUG 2020
... doing so, he replaced Jack Regan who retired after an extended period of leave following his appearance at the Royal Commission. In October 2019 AMP combined its wealth management and banking units, creating AMP Australia and Wade was named chief executive. ...

Adviser salaries unchanged: Research

ELIZABETH MCARTHUR  |  TUESDAY, 4 AUG 2020
... and non-financial performance metrics. Kaizen said the change in bonus structures could be attributed to the Royal Commission as firms are ensuring clients are serviced in a compliant manner mitigating risk and trying to make sure they stay on the right ...

Partners Group hires from GSFM

KANIKA SOOD  |  TUESDAY, 4 AUG 2020
... GSFM, reporting to its chief executive Damien McIntyre. "Significant industry change as a result of the Hayne Royal Commission along the more recent and ongoing impacts stemming from the COVID-19 pandemic, led us to undertake a comprehensive review of ...

Lazard dumps AMP shares

ELIZABETH MCARTHUR  |  TUESDAY, 4 AUG 2020
... Labor MP Andrew Leigh noted during the committee hearing that AMP's share price had slid dramatically since the Royal Commission. "You used to trade over $5, now you trade below $2," he said. Meanwhile, AMP Capital is facing an ongoing crisis of reputation ...

APRA intervention blindsided AFA, FPA taskforce

ELIZABETH MCARTHUR  |  TUESDAY, 28 JUL 2020
... the market?" he said. "The couple of positives that came out of LIF is that we do have a framework and in the Royal Commission, having that framework and a scheduled review for 2021 I think helped to avoid a potentially disastrous recommendation from ...

What to expect from the Retirement Income Review

KANIKA SOOD  |  FRIDAY, 24 JUL 2020
... former chair of SMSF Association Deborah Ralston. The review was not to make any recommendations (akin to the Royal Commission or Productivity Commission's final reports) but was tasked with setting the facts on four areas: how the retirement income ...

European robo-adviser eyes Australia, taps Westpac exec

ALLY SELBY  |  THURSDAY, 23 JUL 2020
... what's missing," Smith said. "Having run large teams for a long time in this market, and especially with the Royal Commission, the disconnect between Australians and anything to do with advice and financial services means that we need to have a different ...