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Showing 341 - 350 of 1257 results for "Royal Commission"

CBA coughs up $5m over RC case study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... "ASIC considers that CBA's conduct in this matter, which was examined in detail during the Financial Services Royal Commission, was the result of inadequate systems and processes," he said. "Because of its conduct, CBA failed to deliver its AgriAdvantage ...

Dealer groups slam FPA policy

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... hard work that the entire advice sector has put in to overcome historic shortfalls brought to light by the Hayne Royal Commission and in light of the leading work that AFSLs bring to bear in areas of education, risk mitigation, compliance, consumer best ...

Asgard, Future Super shamed on ERS

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... and not in retail funds. "I have not written to ASIC and APRA because those matters were dealt with during the Royal Commission," Wilson said. When the topic of early release of super came up, Leigh pointed out that some retail funds have performed quite ...

IFM Investors hits back at MP demanding probe

KANIKA SOOD  |  THURSDAY, 4 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 in the letter that runs four and ...

Calls for overhaul of AFSL system

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUN 2020
... regulatory oversight of financial products instead could mitigate this, the association believes. As part of the Royal Commission reforms, a single disciplinary body is to be established that will require the registration of all planners. The FPA sees ...

Banks accused of violating worker ethics

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
... critical thought about the way their employer behaves." She added that workers were the forgotten element in the Royal Commission. Of the eight FSU members to take part in this report, seven work at the big four banks and one works at a mutual bank. ...

IOOF settles class action

JAMIE WILLIAMSON  |  MONDAY, 25 MAY 2020
IOOF has settled one of the class actions brought against it on the back of the Royal Commission. The wealth group announced to the ASX this morning it has settled in the class action brought by Quinn Emanuel Urqhart & Sullivan in April 2019. The class ...

Chief economist update: Australia needs China more than it needs us

BENJAMIN ONG  |  FRIDAY, 22 MAY 2020
... inquiries into anything that trouble the country's economic, political and financial systems - the Hayne Royal Commission of late (which dealt with the shenanigans of banks, superannuation and financial services industry most recently) - have had ...

Processes are the problem, not people: Count Financial

ALLY SELBY  |  WEDNESDAY, 13 MAY 2020
... achieve their personal and business goals," Kennedy said. Despite the challenging environment in the post-FoFA, Royal Commission, and COVID-19 world, Count Financial has still seen an increase in inbound requests. "Although the advice industry is in ...

ASIC bans RC case study adviser

HARRISON WORLEY  |  TUESDAY, 12 MAY 2020
A former Millennium3 adviser whose advice was cited as a case study during the Royal Commission is set to appeal a 10-year ban handed down by ASIC. ASIC has banned Adelaide-based adviser Christopher Norman Harris from providing financial services for ...