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Showing 381 - 390 of 1691 results for "Royal"

Robo-advice a complement, not disruptor: Six Park

ANNABELLE DICKSON  |  FRIDAY, 23 OCT 2020
... of the barriers for adviser adoption is the perception that robo-advice may not be compliant, particularly following the Royal Commission. However, he said, these concerns are unfounded and ASIC is supportive of digital advice models. "Anything that ...

Sam Henderson sentenced

ELIZABETH MCARTHUR  |  TUESDAY, 20 OCT 2020
... as in an information memorandum dated May 2011. Henderson was the subject of a case study on bad financial advice at the Royal Commission and was subsequently banned from providing financial services for a period of three years. During the Royal Commission ...

NAB to pay $15m for Royal Commission case study

ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
... Australia Bank has been ordered to pay $15 million for dealing with unlicensed home loan introducers, as revealed at the Royal Commission. ASIC brought proceedings against NAB for contravening the National Consumer Credit Protection Act, which prohibits ...

Tax Practitioners Board adds members

ANNABELLE DICKSON  |  MONDAY, 19 OCT 2020
... appointed to the board in 2017 and has extensive experience as a company director. He is chair of Wirra Wirra Vineyards, Royal Flight Doctor Service, Australian American Fulbright Commission and was previously a tax partner at KPMG for over 24 years. ...

A new model is coming: Licensees

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
... shift in terms of institutional alignment that the industry has experienced in recent years, and particularly since the Royal Commission, might not be helping the affordability problem. "My feeling is that as an industry the dynamics are changing. We've ...

Stephen Jones admits to anti-life insurance bias

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
... financial advice industry, it wants to see advice completely decoupled from product sales and commissions (in line with the Royal Commission's recommendations). "The old business model based on commission-based sales... is gone, it's not coming ...

APRA highlights heatmaps success

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 OCT 2020
... despite new government reform possibly making heatmaps redundant after they were only in effect for one year. Following the Royal Commission, one of APRA's objectives was to drive super trustees to deliver quality outcomes for members. This drove several ...

MLC Wealth general manager jumps to Ashurst

ELIZABETH MCARTHUR  |  TUESDAY, 13 OCT 2020
... shop to help firms navigate this complexity with confidence." Baker led the remediation of customers at MLC following the Royal Commission as well as MLC's response to the ongoing regulatory investigations resulting from the conduct issues that were ...

Adviser sentenced to eight years' prison

ELIZABETH MCARTHUR  |  FRIDAY, 9 OCT 2020
... authorisation was ceased after he sent an email to Synchron admitting to wrongdoing. Trapnell said the admission came during the Royal Commission and that perhaps Dick felt he would no longer be able to keep up his fraud. Synchron's compliance manager ...

Budget commitment to aged care not good enough

ALLY SELBY  |  TUESDAY, 6 OCT 2020
... additional 23,000 at-home care packages, with further investment set to be announced following the final recommendations of the Royal Commission into Aged Care Quality and Safety in February next year. "This brings the total to more than 180,000 places ...