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Showing 461 - 470 of 1257 results for "Royal Commission"

New advice groups detrimental to consumers

HARRISON WORLEY  |  MONDAY, 18 NOV 2019
... loss of capital for those members of our community who can least afford it, and anything we've seen from this Royal Commission will pale by comparison." Appearing on a panel alongside Gupta, Mercer head of industry and public sector superannuation Jo-Anne ...

IOOF completes licence conditions

ELIZABETH MCARTHUR  |  FRIDAY, 15 NOV 2019
... imposed license conditions on IOOF and sought to disqualify several of its executive leaders in 2018 following the Royal Commission. In April 2019, IOOF was found to have breached one of APRA's licence conditions when it failed to establish a dedicated ...

NAB faces half a billion in fines

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2019
... individual breach is between $1.7 million to $1.8 million, adding up to close to $500 million combined. During the Royal Commission NAB identified that misconduct stemming from the program went undetected until 2015 due to there being no lead, with a ...

CBA wealth boss to exit

KANIKA SOOD  |  WEDNESDAY, 13 NOV 2019
... CountPlus and Mortgage Choice. The bank later put the demerger on ice, saying it was focusing on implementing Royal Commission recommendations and remediating clients. It sold Count Financial, and announced plans to shut down Financial Wisdom in July. ...

Cbus enters corporate super

JAMIE WILLIAMSON  |  WEDNESDAY, 13 NOV 2019
... claim against." There is significant interest from firms looking to switch their corporate super offerings post-Royal Commission, Atkin added. "A lot of companies were disappointed with the poor behaviour of the retail funds highlighted in the Royal ...

BDM pay healthy despite headwinds

ELIZABETH MCARTHUR  |  TUESDAY, 12 NOV 2019
... salaries of business development managers reveal they can expect to take home healthy pay packets despite the Royal Commission reducing demand. Research from Kaizen Recruitment on BDM salaries in the financial services industry has revealed those working ...

Financial services the most unethical industry

HARRISON WORLEY  |  TUESDAY, 12 NOV 2019
... Australians' distrust of the financial services industry has continued to grow almost a year on from the final round of Royal Commission hearings. The research - a survey of more than 1000 people with different political and socio-economic backgrounds ...

Westpac chief believes in financial advice

ELIZA BAVIN  |  MONDAY, 11 NOV 2019
... spend," Hartzer said. He also added that the bank has refunded around 60% of known issues that arose following the Royal Commission and warned that there may be further remediation costs to come. Commonwealth Bank chief executive Matt Comyn also fronted ...

Wealth income halved, Hartzer skips $1.6m bonus

HARRISON WORLEY  |  MONDAY, 4 NOV 2019
... see Hartzer earn a cash bonus, with the board unimpressed by some "poor customer outcomes" highlighted by the Royal Commission. Hartzer recommended Westpac's directors skip his cash bonus, which was likely to land at around $1.6 million after his ...

Link Advice partners with $12bn super fund

HARRISON WORLEY  |  THURSDAY, 31 OCT 2019
... transition to retirement, retirement advice and retirement health checks. "This is particularly important in a post-Royal Commission world, where higher education standards for advisers are being introduced this year," Farrar said. "All our members will ...