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Showing 31 - 40 of 287 results for %22Banking Royal Commission%22

ASIC prepares licensees for reference checks

KARREN VERGARA  |  WEDNESDAY, 21 JUL 2021
... undertake rigorous reference checking and information sharing for financial advisers similar to the way the Australian Banking Association conducts reference checking. Mortgage brokers are also subject to the same new regulation. The Financial Planning ...

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
... for the Financial Accountability Regime (FAR) which will apply to superannuation funds and insurers. The FAR extends the Banking Executive Accountability Regime (BEAR) which has applied to banks since July 2018. In February 2019, the Hayne Royal Commission ...

ASIC takes on NAB for fee-for-no service breaches

KARREN VERGARA  |  FRIDAY, 18 JUN 2021
... left the funds and were no longer receiving services. The fallout saw the exit of NAB chief customer officer of consumer banking and wealth Andrew Hagger and general manager of advice partnerships Ross Barnwell. In response to Archibald's testimony ...

Calls for Royal Commission into housing

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 JUN 2021
... held by Australian banks is in the form of residential mortgages, one of the highest globally and greatly exposing the banking system to potential disruption. Home ownership rates, meanwhile, have halved for under-35s since 1995. Along with the Royal ...

Suncorp divests super unit to industry fund

KARREN VERGARA  |  WEDNESDAY, 28 APR 2021
... institutions abandoning life insurance and superannuation. Suncorp Portfolio Services landed in hot water at the banking Royal Commission for a number of issues that included withholding tax benefits from members, not being transparent about intra-company ...

Kelly O'Dwyer joins EQT board

KANIKA SOOD  |  MONDAY, 29 MAR 2021
... minister for revenue and financial services in July 2016 during which time the Royal Commission into financial services and banking held its hearings. Less than two years later in September 2018 she was moved to the jobs, industrial relations and women ...

Banks still failing customers after Royal Commission

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
... and take away their ability to receive justice. "This contradicts the very first recommendation of the Banking Royal Commission - to leave safe lending laws intact."

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
... However, Remediator's fee is 20% of the refund amount plus GST (charged on a no-win-no-fee basis). "The Banking Royal Commission exposed misconduct by banks and some financial advisors. Now thanks to its findings, they can help consumers claim back ...

AMP Capital Ethical Leaders dropped by another super fund

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 MAR 2021
... times, there has been negative press surrounding AMP Capital stemming from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry as well as inappropriate culture within their senior management team," Mercy ...

Reference checks should cover all advice: FPA

KARREN VERGARA  |  MONDAY, 1 FEB 2021
... licensees should be required to comply with reference checking and information-sharing regulations like what the Australian Banking Association has in place (Recommendation 2.7). It was also recommended that advisers are bound by the same obligations ...