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Showing 351 - 360 of 1691 results for "Royal"

Platforms start to shake ERS impact

KANIKA SOOD  |  FRIDAY, 15 JAN 2021
... consecutive quarter of inflows ex-ERS for the industry suggesting confidence is returning post the disruption caused by the Royal Commission. The Dec 2020 ERS data includes a significant drop in outflows (to A$0.5bn) which should see platform flows inflect ...

FASEA urges advisers to maximise exam sittings

ELIZABETH MCARTHUR  |  MONDAY, 11 JAN 2021
... process of being shut down and its functions transferred to other regulatory agencies as the government seeks to act on the Royal Commission's recommendation that the advice sector be regulated by a single authority. Advisers will still have to meet ...

Class action launched against OnePath

ELIZA BAVIN  |  TUESDAY, 5 JAN 2021
... December 2020, this makes the fifth class action launched by the law firm in response to the revelations arising from the Royal Commission. The class action alleges that OnePath Custodians breached its duties as trustee of various superannuation funds ...

Almost 3000 advisers gone in 2020

ELIZABETH MCARTHUR  |  FRIDAY, 18 DEC 2020
... advisers, losing 123 and 51, respectively. Demonstrating the exodus of the big banks from wealth management in the wake of the Royal Commission, National Australia Bank lost 245 advisers; ANZ Group lost 162 and Commonwealth Financial Planning lost 125. ...

FS team picks: The top stories for 2020

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
... to allow those suffering as a result of the pandemic to access their super early. And, as the dust settled following the Royal Commission and Hayne's recommendations moved towards becoming law the industry still had its share of issues. ASIC chair ...

Reporting rules for charities relaxed

KANIKA SOOD  |  WEDNESDAY, 16 DEC 2020
... jurisdictions create an estimated regulatory burden of $13.3 million a year for the charitable fundraising sector. The recent Royal Commission into National Natural Disaster Arrangements highlighted the crucial role charities play in disaster recovery ...

ISA ramps up campaign against super reforms

ELIZA BAVIN  |  MONDAY, 14 DEC 2020
... ridded the system of underperforming funds and ensured the disgraceful misconduct by super trustees revealed at the Banking Royal Commission could not happen again," ISA said. ISA said it has made a submission in response to the proposed reform outlining ...

Key advice reforms tabled

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... conflicts of interest and stamp out fees-for-no service have been tabled in parliament. The Financial Sector Reform (Hayne Royal Commission Response No. 2) Bill 2020 aims to strengthen many weaknesses in the financial advice industry, targeting three ...

Government to wind up FASEA

KARREN VERGARA  |  WEDNESDAY, 9 DEC 2020
... framework." The FSCP currently supports ASIC in conducting banning orders against individuals for misconduct. Citing the Hayne Royal Commission's recommendation 2.10, which calls for a single, central disciplinary body to be established for financial ...

AAT refuses Allegra AFSL

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
... Commissioner Danielle Press said the decision reinforces the recent licensing reforms under the Financial Sector Reform (Hayne Royal Commission Response-Stronger Regulators [2019 Measures]) Act 2020. The reforms mandate that ASIC must not grant a licence ...