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Showing 21 - 30 of 148 results for "Financial Services Royal Commission"

Frontier zeroes in on poor culture

KARREN VERGARA  |  THURSDAY, 11 MAR 2021
... paper entitled CEOs Say One Thing and Do Another, Rafe focused on two case studies from the financial services Royal Commission - Commonwealth Bank and Westpac. Despite the many unethical behaviours of senior leaders who knowingly maximised profits at ...

Continuous disclosure laws to stay

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... 2021 is the culmination of about three years' work of the Productivity Commission and financial services Royal Commission attempting to address "structural flaws in the superannuation system", the explanatory memorandum reads. The bill covers four ...

Reference checks should cover all advice: FPA

KARREN VERGARA  |  MONDAY, 1 FEB 2021
... management and responsible managers and not just financial advisers. The reforms emanate from the financial services Royal Commission, which recommends that AFS licensees should be required to comply with reference checking and information-sharing regulations ...

Advice disciplinary body delayed

KARREN VERGARA  |  FRIDAY, 28 AUG 2020
... not see its slated January 2021 launch. Instead, the disciplinary body as recommended by the financial services Royal Commission, is set to be up and running in mid-2021, Hume told the Stockbrokers and Financial Advisers Association Virtual Conference ...

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 ...

IOOF faces new class action

ELIZABETH MCARTHUR  |  TUESDAY, 25 FEB 2020
... alleged misconduct within IOOF from 2009 to 2015. Litigation Lending is funding the action. "The Financial Services Royal Commission and other enquiries have revealed extensive wrongdoing within the financial services sector," Litigation Lending chief ...

The PDS is weak: Rice Warner

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... in some ways proved an enabler of poor conduct and poor consumer outcomes revealed by the financial services royal commission." Rice Warner's analysis stated that the quality of the disclosures is another contributor to the problem. "In other words ...

ASIC bans direct life cold calling

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
... products, without feeling pressured to make a purchase". "Such a ban is consistent with the Financial Services Royal Commission recommendations, and will provide consumers with further protections from misselling practices now, ahead of wider law reform ...

Whistleblower calls out approved product lies

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... "Heavily restricted life insurance APLs are still the norm and not even heat from the recent Financial Services Royal Commission has been enough to compel them to apply higher standards and put their clients first," Morris said. ClearView managing director ...

Retail fund faces class action on MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... needs, not their own." The conduct that is the subject of this case was a case study in the Financial Services Royal Commission. A lead plaintiff for the case, Lesley Coatman, said: "It's clear from both the Royal Commission and from the case Maurice ...