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Showing 331 - 340 of 1257 results for "Royal Commission"

Trust in advisers wanes

JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
... markets, while just 57% of those without an adviser said the same. The study also found that the findings of the Royal Commission and the associated press coverage did not change investors' minds as to where and how they will seek advice. Further ...

Super fund members compensated

JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
... sufficient evidence of informed instructions to switch the clients out of MySuper." These breaches formed part of a Royal Commission case study, where Commissioner Hayne did not find any licensee breach on the evidence before Commission, Aon Australia ...

Marianne Perkovic to depart CBA

ALLY SELBY  |  TUESDAY, 23 JUN 2020
... than a decade with the bank, and faced heated scrutiny when representing its wealth management arm during the Royal Commission. During her testimony, she admitted the bank's financial advice subsidiary, Count Financial (now a subsidiary of Countplus) ...

ASIC sues CBA, CFS over RC case

HARRISON WORLEY  |  TUESDAY, 23 JUN 2020
... and CFSIL, with each contravention attracting a maximum penalty of $1 million. The case was first raised at the Royal Commission, and ASIC deputy chair Daniel Crennan said the regulator's decision to investigate, based on Commissioner Hayne's ...

IFM adds to leadership

HARRISON WORLEY  |  FRIDAY, 19 JUN 2020
... the sought for investigation will include bank-owned retail funds - which were the locus of misconduct in the Royal Commission, and were found to systematically underperform by the Productivity Commission," Combet wrote.

Platform prototypes compliance capability

ALLY SELBY  |  THURSDAY, 18 JUN 2020
... believe that the future of this industry is using data to provide insight," he said. "We've gone through the Hayne Royal Commission with all these issues in businesses where they didn't have their files; they couldn't find out what had gone on. ...

ASIC quietly granted new access to phone taps

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUN 2020
... corporate offences but could not share that evidence with ASIC. The new powers were again recommended during the Royal Commission. The Financial Sector Reform (Hayne Royal Commission Response - Stronger Regulators (2019 measures)) Bill 2020 explanatory ...

Research firm bolsters executive leadership

HARRISON WORLEY  |  WEDNESDAY, 10 JUN 2020
... including by helping advice firms break away from large institutions and their "inherent conflicts". "The Hayne Royal Commission has been a catalyst for change for advisers, investors and fund managers," Purcell said. "Nearly 80% of advice AFSLs have ...

ASIC mainly concerned with media releases: Lawyer

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
... put out in relation to action on financial advisers. Yazbeck said in a paper that after ASIC came out of the Royal Commission worse for wear and he has observed the regulator "flexing their muscles" on the financial advice industry. "I've observed several ...

Aussie financial firms struggle to manage risk: Study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... unforeseen consequences. "Risk and compliance functions are undoubtedly under immense pressure following the Banking Royal Commission and now, with COVID-19," Accenture Australia and New Zealand managing director Tales Lopes said. "In fact, COVID-19 ...