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Showing 381 - 390 of 1257 results for "Royal Commission"

MLC changes super fees, adds menu

KANIKA SOOD  |  WEDNESDAY, 11 MAR 2020
... ensure we're meeting their evolving needs," MLC group executive, platforms, Darren Stevens said. During the Royal Commission, it was revealed that MLC's Master had charged $67 million in general advice fees to MLC's MasterKey Personal Super ...

Life insurers breach own code consistently

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 MAR 2020
... management. "Today's report suggests that despite all the rhetoric and promises to do better before and after the Hayne Royal Commission, many insurers have treated their own code as a paper tiger and this casts doubt on the industry's ability to rebuild ...

Lack of independence must be made clear: ASIC

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
... ASIC also recommended changes to the SIS Act for superannuation trustees, following the recommendations from the Royal Commission that advice fees from super choice accounts be renewed annually. The recommendation states that the deduction of any advice ...

Banned advisers still working in advice: FPA

ELIZABETH MCARTHUR  |  MONDAY, 9 MAR 2020
... the advice industry. As part of the government's proposed legislation to implement the recommendations from the Royal Commission, a new protocol will apply to financial advisers which will require reference checks to be conducted. The FPA has released ...

Clime launches new SMA portfolios

ALLY SELBY  |  FRIDAY, 6 MAR 2020
... seeking professional financial advice. It's a big market; one that has changed dramatically following the Royal Commission, with consumers less likely to seek advice due to a breakdown in trust and an increase in fees. Clime got into the wealth advice ...

Westpac director heads for the exit

HARRISON WORLEY  |  FRIDAY, 6 MAR 2020
... confirmed the departure of director Anita Fung from its board. Fung was appointed to the board in the midst of the Royal Commission in July 2018, joining the bank's Asia Advisory Board and taking a role on the Bank's board risk and compliance committee. ...

Advice groups criticise rushed legislation

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 MAR 2020
The government's plan to implement recommendations from the Royal Commission has been met with concern and criticism from financial advice industry groups. Both the Association of Financial Advisers and The Advisers Association have lashed out at ...

Fight for MySuper advice fees kicks off

ELIZABETH MCARTHUR  |  TUESDAY, 3 MAR 2020
... retain the ability to charge advice fees to MySuper members as the government implements recommendations from the Royal Commission. Draft legislation currently open for consultation would stop Australians paying for financial advice from their MySuper ...

ANZ Australia risk chief exits

JAMIE WILLIAMSON  |  FRIDAY, 28 FEB 2020
The chief risk officer that fronted the Royal Commission on behalf of ANZ Wealth has resigned from the bank. A spokesperson for ANZ has confirmed the resignation of Kylie Rixon, effective immediately. Rixon was chief risk officer of ANZ Wealth from ...

ASIC turns up the heat on enforcement

HARRISON WORLEY  |  THURSDAY, 27 FEB 2020
One year on from a Royal Commission lambasting, ASIC is continuing to increase its efforts to chasten large institutions for misconduct, latest enforcement activity numbers show. In its latest six monthly report into its enforcement and regulatory work ...

Editor's Choice

Invesco launches new equity fund

ELIZA BAVIN
Invesco said the new fund will give Australian investors access to a systematic global equity strategy with a 20-year track record.

FCA pursues Neil Woodford again

KARREN VERGARA
The Financial Conduct Authority (FCA) is going after failed fund manager Neil Woodford again, this time for allegedly providing unauthorised investment advice via W4.0, his Dubai-based investment platform.

Former APRA deputy chair launches retirement solutions startup

KARREN VERGARA
A former APRA deputy chair has launched CipherIQ, a new venture that provides retirement solutions via account-based pensions in partnership with superannuation funds, financial advisers and retirees.

Global X launches space tech ETF

MATTHEW WAI
Global X has now launched the space tech ETF (ASX: MOON).

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