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Showing 441 - 450 of 1691 results for "Royal"

IFM adds to leadership

HARRISON WORLEY  |  FRIDAY, 19 JUN 2020
... indicate that the sought for investigation will include bank-owned retail funds - which were the locus of misconduct in the Royal Commission, and were found to systematically underperform by the Productivity Commission," Combet wrote.

Platform prototypes compliance capability

ALLY SELBY  |  THURSDAY, 18 JUN 2020
... sector. "We believe that the future of this industry is using data to provide insight," he said. "We've gone through the Hayne Royal Commission with all these issues in businesses where they didn't have their files; they couldn't find out what ...

ASIC quietly granted new access to phone taps

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUN 2020
... evidence or corporate offences but could not share that evidence with ASIC. The new powers were again recommended during the Royal Commission. The Financial Sector Reform (Hayne Royal Commission Response - Stronger Regulators (2019 measures)) Bill 2020 ...

Research firm bolsters executive leadership

HARRISON WORLEY  |  WEDNESDAY, 10 JUN 2020
... sector, including by helping advice firms break away from large institutions and their "inherent conflicts". "The Hayne Royal Commission has been a catalyst for change for advisers, investors and fund managers," Purcell said. "Nearly 80% of advice AFSLs ...

ASIC mainly concerned with media releases: Lawyer

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
... releases it can put out in relation to action on financial advisers. Yazbeck said in a paper that after ASIC came out of the Royal Commission worse for wear and he has observed the regulator "flexing their muscles" on the financial advice industry. "I've ...

Aussie financial firms struggle to manage risk: Study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... face unforeseen consequences. "Risk and compliance functions are undoubtedly under immense pressure following the Banking Royal Commission and now, with COVID-19," Accenture Australia and New Zealand managing director Tales Lopes said. "In fact, COVID-19 ...

CBA coughs up $5m over RC case study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... processes. "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 ...

Dealer groups slam FPA policy

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... given the hard work that the entire advice sector has put in to overcome historic shortfalls brought to light by the Hayne Royal Commission and in light of the leading work that AFSLs bring to bear in areas of education, risk mitigation, compliance ...

IFM Investors hits back at MP demanding probe

KANIKA SOOD  |  THURSDAY, 4 JUN 2020
... indicate that the sought for investigation will include bank-owned retail funds - which were the locus of misconduct in the Royal Commission, and were found to systematically underperform by the Productivity Commission," Combet wrote in the letter that ...

Asgard, Future Super shamed on ERS

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... superannuation funds and not in retail funds. "I have not written to ASIC and APRA because those matters were dealt with during the Royal Commission," Wilson said. When the topic of early release of super came up, Leigh pointed out that some retail funds ...