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Showing 421 - 430 of 1257 results for "Royal Commission"

FPA supports tightening insurance claims

ELIZABETH MCARTHUR  |  MONDAY, 13 JAN 2020
... advice in relation to life insurance and the claims handling process could be tightened up. The FPA supports the Royal Commission's recommendation 4.8, which stated: "The handling and settling of insurance claims, or potential insurance claims, should ...

AMP to cull super trustee, five funds

HARRISON WORLEY  |  THURSDAY, 9 JAN 2020
... Daniel Mulino, who asked the wealth manager to demonstrate how its fundamental relationships had shifted since the Royal Commission as AMP attempted to remove conflicts of interest from the business. The new plan comes just months after AMP combined ...

Government edges towards regulator cooperation

HARRISON WORLEY  |  TUESDAY, 7 JAN 2020
... superannuation, and the establishment of a new independent body to oversee the regulators. According to the government's Royal Commission implementation roadmap, legislation establishing the new oversight authority is due to be consulted on and introduced ...

Consultation opens for design, distribution guidance

HARRISON WORLEY  |  FRIDAY, 20 DEC 2019
... needs and use distribution channels that will likely get them to the right consumers," she said. "Most of the Royal Commission case studies - from the misselling of products to extremely poor value financial products - would have uniformly failed these ...

What you read in 2019: Superannuation

JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2019
... nothing but reform after reform, but 2019 has been something different entirely. The Productivity Commission and Royal Commission final reports at the beginning of the year set in motion a wave of change unmatched by any previous round of policy changes. ...

ANZ overcharges 3.4 million customers

ALLY SELBY  |  THURSDAY, 19 DEC 2019
... million customers who have been overcharged as the bank swiftly makes good on recommendations from the Hayne Royal Commission. ANZ chief executive Shayne Elliot told shareholders at the bank's annual general meeting in Brisbane on Tuesday that the bank ...

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
There wasn't a dull day to be had in Australia's financial advice industry in 2019, but unfortunately it was rarely a good thing. We are bidding farewell to the year that is likely to be remembered as one financial advisers would rather forget. ...

18 misconceptions about FASEA code

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
... advisers to consider some of the negative impacts conflicted advice had on clients that was highlighted at the Royal Commission. FASEA's position on referrals requires a standard that is inconsistent with any other profession: "Has the person who came ...

TAL loses group insurance mandate

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... The mandate loss comes as TAL prepares to fight ASIC in the Federal Court over a 2014 case highlighted by the Royal Commission last year. ASIC is alleging TAL voided an income protection claim, saying the customer had failed to disclose unrelated prior ...

No joy in the advice world this Christmas

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
... factor for the lack of support when compared to other industries". Reflecting on the year that was since the Royal Commission, Daniels said the overwhelming majority of advisers want a professional, ethical, transparent and sustainable industry. "Decades ...