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Showing 441 - 450 of 1257 results for "Royal Commission"

IOOF, ANZ transaction gets green light

ELIZA BAVIN  |  TUESDAY, 10 DEC 2019
... superannuation members. The acquisition was originally announced in October 2017 but was delayed on the back of the Royal Commission. The sale finally went through in October of this year, with IOOF purchasing the business at a discount. IOOF paid $850 ...

Culture index launched

ELIZA BAVIN  |  TUESDAY, 10 DEC 2019
In response to current concerns around Australian corporate culture exposed by the Hayne Royal Commission, a Melbourne-based startup has launched a standardised index creating culture transparency. The Workability Index (TWI) aims to provide companies ...

MySuper heat map lauds industry funds

HARRISON WORLEY  |  TUESDAY, 10 DEC 2019
... insurance for example - the heat map was serving its purpose for the regulator by benchmarking funds following the Royal Commission and final Productivity Commission report. "There are funds that have high fees, low nominal returns and low sustainability. ...

Fix gaps in AFCA remit: Creevey Russell

ELIZABETH MCARTHUR  |  MONDAY, 9 DEC 2019
... Australian Financial Complaints Authority, with certain groups at risk. As part of the reforms following the Royal Commission, changes were made to the jurisdiction of AFCA to extend the normal six-year limitation period to commence litigation by permitting ...

Deloitte hires from OneVue

ELIZA BAVIN  |  MONDAY, 9 DEC 2019
... market demand in this space, as the industry continues to both remediate and build for the future, post the Hayne Royal Commission into Misconduct in Banking, Superannuation, and Financial Services, Gomes is a welcome addition to the Deloitte team of ...

APRA proposes new banking data policies

ALLY SELBY  |  FRIDAY, 6 DEC 2019
... building societies. It comes as various scandals continue to tarnish Australia's banking industry post Hayne Royal Commission. According to APRA, the move will increase accountability, support competition and lift overall industry standards in a shift ...

AMP cuts ongoing advice agreements

ELIZABETH MCARTHUR  |  FRIDAY, 6 DEC 2019
... late November an additional $415 million of advice remediation costs as a result of evidence produced at the Royal Commission. That takes AMP's total remediation bill for financial advice to $778 million. An early estimate from the Royal Commission ...

CBA chief tasked with rebuilding banking

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
... stepping down from the role. Comyn aims to rebuild consumer trust in Australia's banking sector following the Hayne Royal Commission and various scandals that have tarnished the banking industry of late. "I look forward to working with ABA members to ...

ASIC bans direct life cold calling

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
... led to unfair consumer outcomes. The regulator noted its action follows through on recommendation 4.1 of the Royal Commission final report to ban the hawking of life insurance products. "ASIC will intervene to stop practices that lead to poor consumer ...

Industry fund for coal miners on ESG journey

ELIZABETH MCARTHUR  |  MONDAY, 2 DEC 2019
... responses from the panel. One audience member asked how the panel was thinking about governance following the Royal Commission. The question prompted the panel to discuss AUSTRAC's recent claim that Westpac breached anti-money laundering laws 23 ...