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Showing 321 - 330 of 1691 results for "Royal"

ASIC opens breach reporting consultation

ANNABELLE DICKSON  |  THURSDAY, 22 APR 2021
... ASIC's draft guidance is based on reforms made to the breach reporting regime under the F inancial Sector Reform (Hayne Royal Commission Response) Act 2020 and expand and clarifies the types of situations that must be reported to ASIC. The reforms, which ...

Government merges advice reviews

KARREN VERGARA  |  WEDNESDAY, 21 APR 2021
... duplication of work and save time for stakeholders by eliminating consultation times and submissions. In early 2019, the Hayne Royal Commission recommended a review into the quality of advice in three years' time that should be conducted by ASIC. The ...

Former Aon Hewitt adviser banned

ELIZABETH MCARTHUR  |  TUESDAY, 20 APR 2021
... authorised representatives failed to comply with the Stronger Super reforms. This instance was cited as a case study in the Royal Commission. Under the reforms, a member's accrued default amounts of super were to be transferred to a MySuper option by ...

Delay breach reporting law: AFA

KARREN VERGARA  |  FRIDAY, 16 APR 2021
... preparedness and risk position with the new regulation. "While there was a myriad of developments to come out of the Hayne Royal Commission, new oversight regimes and more stringent regulatory breach reporting are some of the key areas affecting the ...

Andrew Thorburn joins IIG

KANIKA SOOD  |  FRIDAY, 16 APR 2021
... sector," Almagor said of Madhavan's departure. Thorburn and NAB chair Ken Henry resigned in early 2019 after the fallout from Royal Commission hearings. Five-year-old IIG is owned by Small Giants, the family office of Danny Almagor and Berry Liberman. ...

Time running out for claims licences

ELIZABETH MCARTHUR  |  FRIDAY, 9 APR 2021
... requirement for those involved with insurance claims handling to be covered by an AFSL is one of the reforms to come out of the Royal Commission. Claims handling and settling services were previously excluded from the definition of 'financial service' ...

Kelly O'Dwyer joins EQT board

KANIKA SOOD  |  MONDAY, 29 MAR 2021
... member for Higgins and was appointed the minister for revenue and financial services in July 2016 during which time the Royal Commission into financial services and banking held its hearings. Less than two years later in September 2018 she was moved ...

ASIC releases fee consent instrument

ELIZABETH MCARTHUR  |  THURSDAY, 25 MAR 2021
... instruments to regulate advice fee consents and lack of independence disclosures, as part of the government's response to the Royal Commission. The first of the three sets the requirements that written consent from a fee recipient must be obtained by ...

Milliman hires head of distribution

KARREN VERGARA  |  TUESDAY, 23 MAR 2021
... volatility and capital losses. "Prior to COVID-19, financial planners were already facing a raft of challenges in the wake of the Royal Commission, with regulatory requirements such as best interest duty drawing a focus on the fees and benefits of investment ...

Banks still failing customers after Royal Commission

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
... Australian Financial Complaints Authority (AFCA) complaints data shows over 31,000 complaints have been made in the wake of the Royal Commission, according to CHOICE. Complaints around credit products revealed many customers have still been facing irresponsible ...