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Search ResultsShowing 31 - 40 of 100+ results for "Royal Commission"
Class action launched against OnePath
ELIZA BAVIN  |  TUESDAY, 5 JAN 2021
... 2020, this makes the fifth class action launched by the law firm in response to the revelations arising from the Royal Commission. The class action alleges that OnePath Custodians breached its duties as trustee of various superannuation funds by charging ...
Almost 3000 advisers gone in 2020
ELIZABETH MCARTHUR  |  FRIDAY, 18 DEC 2020
... 123 and 51, respectively. Demonstrating the exodus of the big banks from wealth management in the wake of the Royal Commission, National Australia Bank lost 245 advisers; ANZ Group lost 162 and Commonwealth Financial Planning lost 125. Merit Wealth was ...
FS team picks: The top stories for 2020
ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
... those suffering as a result of the pandemic to access their super early . And, as the dust settled following the Royal Commission and Hayne's recommendations moved towards becoming law the industry still had its share of issues. ASIC chair James ...
Reporting rules for charities relaxed
KANIKA SOOD  |  WEDNESDAY, 16 DEC 2020
... create an estimated regulatory burden of $13.3 million a year for the charitable fundraising sector. The recent Royal Commission into National Natural Disaster Arrangements highlighted the crucial role charities play in disaster recovery efforts but ...
ISA ramps up campaign against super reforms
ELIZA BAVIN  |  MONDAY, 14 DEC 2020
... system of underperforming funds and ensured the disgraceful misconduct by super trustees revealed at the Banking Royal Commission could not happen again," ISA said. ISA said it has made a submission in response to the proposed reform outlining several ...
Key advice reforms tabled
KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... interest and stamp out fees-for-no service have been tabled in parliament. The Financial Sector Reform (Hayne Royal Commission Response No. 2) Bill 2020 aims to strengthen many weaknesses in the financial advice industry, targeting three key areas: annual ...
Government to wind up FASEA
KARREN VERGARA  |  WEDNESDAY, 9 DEC 2020
The Financial Adviser Standards and Ethics Authority will be made redundant as two government bodies take over its remit. Assistant Minister for Superannuation, Financial Services and Financial Technology, Senator Jane Hume announced on December 9 that ...
AAT refuses Allegra AFSL
ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
... Danielle Press said the decision reinforces the recent licensing reforms under the Financial Sector Reform (Hayne Royal Commission Response-Stronger Regulators [2019 Measures]) Act 2020. The reforms mandate that ASIC must not grant a licence unless it ...
RIR reveals bleak financial upside for disabled people
ELIZABETH MCARTHUR  |  THURSDAY, 3 DEC 2020
... Australia would uphold the rights and dignity of people with disabilities," Weller said. "The findings of the Royal Commission into Violence, Abuse Neglect and Exploitation of People with Disability highlights Australia's persistent failure to recognise ...
New internal audit guide for finance sector
KARREN VERGARA  |  WEDNESDAY, 2 DEC 2020
... are many more examples of internal auditors being ignored by senior management and Audit Committees. When the Royal Commission had completed its hearings, the Institute of Internal Auditors - Australia, in responding to the Commission's Final Report ...