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Showing 31 - 40 of 42 results for financial sector reform hayne royal commission

Peak bodies respond to government roadmap

KRISTI CHENG  |  TUESDAY, 20 AUG 2019
... remuneration, and said it was "disappointing, having fallen short on consumer protection." "While the new law puts a stop to financial advisers charging fees-for-no-service, it does not remove the incentive for advisers to recommend that clients stay ...

Frydenberg flags new advice disciplinary system

HARRISON WORLEY  |  MONDAY, 19 AUG 2019
A new disciplinary system for financial advisers with a central disciplinary body headlines the government's Royal Commission implementation roadmap released today. Revealing how the government will tackle the 76 recommendations made by Commissioner ...

Superannuation reforms underway

KARREN VERGARA  |  FRIDAY, 21 JUN 2019
... members. Speaking at the Bloomberg Buy-Side Forum in Sydney yesterday morning, the Assistant Minister for Superannuation, Financial Services and Financial Technology reinforced the Federal Government's stance on reviewing the retirement income system ...

Super gets an insider in ministry reshuffle

HARRISON WORLEY  |  MONDAY, 27 MAY 2019
... Minister promoted the Victorian senator to the ministry. In her new role as the Assistant Minister for Superannuation, Financial Services and Financial Technology, Hume will leverage her experience inside AustralianSuper as the Government looks to implement ...

Super stability not guaranteed: Rice Warner

HARRISON WORLEY  |  FRIDAY, 24 MAY 2019
... reform, and pointed out intending retirees are faced with complex issues which often call for specific help in the form of financial advice. "One of the areas needing immediate attention is support for people approaching retirement," the firm said. "Engagement ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
... APRA's power following criticisms it has not effectively regulated the superannuation industry as highlighted by the financial services Royal Commission. APRA's new powers allow it to direct and take action on RSEs that contravene its prudential ...

Royal Commission recommendations split industry

KARREN VERGARA  |  MONDAY, 18 FEB 2019
Commissioner Kenneth Hayne's final recommendations received a mixed reaction in Financial Standard' s latest spot poll. About a third (31%) surveyed by Financial Standard last week believed the banking Royal Commission final recommendations ...

Conflicts of interest recommendation falls short

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... through each of the recommendations carefully to consider unintended consequences that may arise in implementation. The Financial Services Council chief executive Sally Loane said the council endorses the recommendations that a person should be defaulted ...

Labor Government on the cards: Spot poll

KARREN VERGARA  |  THURSDAY, 4 OCT 2018
There is a good chance that the Labor Party will win the next election, Financial Standard's readership says. We recently asked our readers which of the following events will likely eventuate in the next 12 months: a global trade war; China going into ...

AMP, banks respond to RC interim report

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
AMP and Australia's big four banks have responded to the Royal Commission's interim report on misconduct in the financial services sector. The report, released on Friday, was scathing in its review of Australia's major players in financial services. ...