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Showing 391 - 400 of 1257 results for "Royal Commission"

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 ...

Consumers trust Google over advisers: NobleOak

ALLY SELBY  |  TUESDAY, 25 FEB 2020
... advisers for guidance on their financial goals and needs. It points to the digital revolution and fallout from the Royal Commission as key reasons for this shift in consumer behaviour. In a survey of over 1000 Australians, NobleOak found that consumers ...

Freedom Insurance appoints liquidators

KANIKA SOOD  |  MONDAY, 24 FEB 2020
... operating and would offload its administration and financial advice businesses. Its troubles began in 2018 when a Royal Commission hearing revealed it had sold insurance to man with Down syndrome. In November, it hired as its chair Vamos, former chief ...

Stability needed: Maroney

ELIZABETH MCARTHUR  |  MONDAY, 24 FEB 2020
... is one in which SMSF specialists can flourish," he said. In the "brave new world" Maroney sees emerging post-Royal Commission, underpinned by the new FASEA education regime, association representation will be vital, he urged. He said the SMSF Association ...

ATO cracks down on SMSFs

ELIZABETH MCARTHUR  |  FRIDAY, 21 FEB 2020
... directly," she said. Fleming explained the ATO has not toughened up its enforcement approach in the wake of the Royal Commission as APRA did with its shift to "constructively tough" enforcement and ASIC with its "why not litigate" approach. However ...

Consultation on mortgage broker best interests duty opens

ALLY SELBY  |  THURSDAY, 20 FEB 2020
... consumers and to prioritise their clients when providing credit assistance. Following recommendations from the Hayne Royal Commission, the parliament introduced a best interests duty for mortgage brokers in February 2019. The duty seeks to align the ...

Status quo not option for remuneration: APRA

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
... on the use of financial metrics in connection with long-term variable remuneration was a recommendation of the Royal Commission," Rowell said. "Our challenge in revising the draft standard is to design a package of requirements that remains true to the ...

FSC calls for CSLR claims cap

ALLY SELBY  |  FRIDAY, 14 FEB 2020
... determinations have historically arisen. It names these as financial advice, investments and credit. Following the Royal Commission, the government committed to establishing the CSLR so as to ensure consumers and small businesses would receive compensation ...

Regulators praise super law reform

ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
... increasing the role of ASIC in the superannuation industry. The proposed changes come after recommendations from the Royal Commission and include expanding ASIC's role as conduct regulator while retaining APRA's role as the prudential and member ...

NAB further delays offloading MLC

ELIZABETH MCARTHUR  |  THURSDAY, 13 FEB 2020
... billion and a 1% cash earnings growth compared to first quarter 2019. "Twelve months on from the conclusion of the Royal Commission, we remain focussed on building confidence and trust in our bank by addressing legacy issues where customers were treated ...