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Showing 501 - 510 of 1559 results for "Round"

RC interim report is fair: Spot poll

KARREN VERGARA  |  MONDAY, 8 OCT 2018
Findings in Commissioner Kenneth Hayne's interim report are fair and reasonable, according to Financial Standard's latest spot poll. The interim report, which summarised his views of the first four rounds of hearings, included financial advice ...

AMP defends charging dead clients

HARRISON WORLEY  |  THURSDAY, 4 OCT 2018
... life insurance premiums from a deceased customer, even after AMP has been notified of their death, as revealed in the sixth round of the Commission. According to AMP, it is not inappropriate to charge members life insurance premiums after their death ...

Freedom drops chief, slashes workforce

KARREN VERGARA  |  WEDNESDAY, 3 OCT 2018
... trailing commissions from current in-force policies. The Royal Commission made a case study out of Freedom during the sixth round, when it was revealed it may have engaged in unconscionable conduct for selling policies to vulnerable customers and a man ...

Insurance shake-up puts clients first

KARREN VERGARA  |  TUESDAY, 2 OCT 2018
Round six of the Royal Commission exposed systemic issues across the life insurance value chain and its fledgling code of practice that's yet been powerless to stop unethical behaviour. But industry experts say all hope is not lost. Counsels assisting ...

AMP, banks respond to RC interim report

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... manager is reviewing the report. However, he did note the business has been reset under new leadership following the advice round of the Royal Commission which resulted in the departures of chief executive Craig Meller, three directors, and chair Catherine ...

Frydenberg slams financial sector greed

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... for their actions." He urged the regulators to enforce the laws at their disposal as well as the penalties. In the fifth round, counsel assisting Michael Hodge cast serious doubts over the ability of APRA and ASIC to effectively regulate the superannuation ...

Elon Musk charged with securities fraud

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
Elon Musk's tweets about taking Tesla private have seen him charged with securities fraud by the US regulator. The Securities and Exchange Commission is also seeking court approval to stop Musk from serving as an officer or a director of a public company. ...

Royal Commission tables life insurance policy questions

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
Numerous policy questions that arose from the life insurance round of the Royal Commission could shake up the direct life insurance segment and potentially ban conflicted remuneration in risk products. The document, released yesterday, questions the ...

CommInsure, TAL engaged in troubling conduct: Royal Commission

KARREN VERGARA  |  MONDAY, 24 SEP 2018
In closing the sixth round of the Royal Commission, counsel assisting found that CommInsure, TAL and Rest may have engaged in conduct that fell below community standards after hearing "troubling" evidence from various case studies. CommInsure and Colonial ...

Royal Commission hears industry fund admitted wrongdoing to ASIC

HARRISON WORLEY  |  MONDAY, 24 SEP 2018
... Industry (Supervision) Act (SIS Act) in a breach report filed with ASIC on the penultimate day of the Royal Commission's sixth round of hearings. Making his closing statement on the final day of the Commission's insurance hearings (Friday), counsel assisting ...