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Showing 31 - 40 of 1256 results for "Royal Commission"

Government to scrap advisers' approved qualifications list

KARREN VERGARA | MONDAY, 10 FEB 2025

... education providers to ensure an appropriate transition to the new education standard," he said. Since the Hayne Royal Commission, the number of advisers dropped from 28,000 in January 2019 to fewer than 16,000. "The current education pathway is not ...

The regulatory pendulum has swung too far: FSC

ANDREW MCKEAN | FRIDAY, 31 JAN 2025

... side of the political spectrum had "clean hands" regarding regulation, noting some reforms stemming from the Royal Commission were hastily implemented, saddling the industry and its consumers with the "costly overhang" of poor regulation. As a result ...

FAAA accuses government of crucial CSLR failure

MATTHEW WAI | THURSDAY, 16 JAN 2025

... costs and benefits of the CSLR," FAAA chief executive Sarah Abood said. "Statements were made that the Hayne Royal Commission process was considered to be the equivalent of an Impact Analysis. "We believe that this decision is deeply flawed and inappropriate ...

Insignia takeover heats up, Bain Capital ups bid

KARREN VERGARA | MONDAY, 13 JAN 2025

... hurt its ability to attract and retain client assets and improve profitability," Ler said. "These include the Royal Commission in 2018 and sharp rate rises of 2022-23. Margin expansion prospects are improving, driven by restructuring initiatives such ...

Three universities ditch financial planning courses

KARREN VERGARA | FRIDAY, 13 DEC 2024

... profession welcomed just over 300 new entrants as it struggles to stem the outflow of advisers since the Hayne Royal Commission. The number of financial advisers practising has plateaued to about 15,500 - which is about a 40% drop since 2018. "A loss ...

Treasury reappoints 24 members to FSCP

ELIZA BAVIN | MONDAY, 9 DEC 2024

... economy are regulated effectively," Assistant Treasurer Stephen Jones said. The Financial Sector Reform (Hayne Royal Commission Response - Better Advice) Act 2021 established the FSCP within the Australian Securities and Investments Commission (ASIC) ...

Super funds should focus on 'simple' advice: Jones

ELIZA BAVIN | FRIDAY, 6 DEC 2024

... - is to allow super funds to provide basic financial advice, not to see a repeat of issues raised during the Royal Commission. Speaking to ABC radio, Jones said the problem being faced by many Australians approaching retirement is a lack of simple and ...

Admin and compliance taking up 56% of advice practice costs

ELIZA BAVIN | MONDAY, 18 NOV 2024

... industry has been grappling with the fragmentation and inefficiencies that arose after the 2018 Financial Services Royal Commission, which led to the exit of major banks from providing advice. The industry is simply not equipped to meet the growing need ...

ASIC secures win against HCF Life

ELIZA BAVIN | TUESDAY, 29 OCT 2024

... unfair contract terms regime was expanded to include insurance contracts, arising from a recommendation of the Royal Commission into Misconduct in the Banking, Superannuation, and Financial Services Industry.

Aussies struggle with financial goals: Generation Life

ANDREW MCKEAN | WEDNESDAY, 16 OCT 2024

... the unadvised also cite trust as a barrier to advice. "Trust in financial advice has come a long way since the Royal Commission," Nash said. "But ultimately, a lack of understanding about the industry, and how strategic and in-depth advice is, means ...

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BT appoints new head of strategy

KARREN VERGARA

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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