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Showing 511 - 520 of 1691 results for "Royal"

Regulators praise super law reform

ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
... reforms increasing the role of ASIC in the superannuation industry. The proposed changes come after recommendations from the Royal Commission and include expanding ASIC's role as conduct regulator while retaining APRA's role as the prudential ...

NAB further delays offloading MLC

ELIZABETH MCARTHUR  |  THURSDAY, 13 FEB 2020
... $1.7 billion and a 1% cash earnings growth compared to first quarter 2019. "Twelve months on from the conclusion of the Royal Commission, we remain focussed on building confidence and trust in our bank by addressing legacy issues where customers were ...

Tough times continue for AMP

ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
... announced AMP Group chief risk officer Jenny Fagg has resigned. Fagg joined AMP's leadership team in January 2018 ahead of the Royal Commission and will depart on April 3. AMP said Fagg leaves with the group's best wishes, having strengthened the group's ...

Surplus may not be as advertised: Grattan

ELIZABETH MCARTHUR  |  MONDAY, 10 FEB 2020
... billion announced and more to come." Wood said she also expects to see more aged care spending after the revelations from the Royal Commission into aged care. She also argued that we could be seeing "the death of The Phillips Curve" with predictions ...

Separate advice and product: AIOFP

ELIZABETH MCARTHUR  |  FRIDAY, 7 FEB 2020
... Resort. The AIOFP said it agrees with the "general thrust" of the Compensation Scheme of Last Resort and findings from the Royal Commission but it is proposing an internal structure to the scheme that will deliver more equitable outcomes for financial ...

Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
On the anniversary of the Royal Commission's final report, AFA chief Phil Kewin reflects on the year that was and how the playbook - and rules - changed for advisers. It's been 12 months since the financial services sector was hit with Commissioner ...

New head of wholesale at Fidelity

KANIKA SOOD  |  WEDNESDAY, 5 FEB 2020
... Australia, Alva Devoy. "The financial services industry is going through a period of unprecedented change following last year's Royal Commission. We are already seeing a shift in the structure in the market and we recognise we will need to adapt to support ...

Perth advice firm folds

KANIKA SOOD  |  TUESDAY, 4 FEB 2020
... financial advice firm had to call in liquidators, with its directors blaming a 30% fall in its business revenue after the Royal Commission among other reasons. WA Wealth Managers (and WAWM Holdings Pty Ltd, as the main related firm) was run by Robert ...

The PDS is weak: Rice Warner

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... disclosure in some ways proved an enabler of poor conduct and poor consumer outcomes revealed by the financial services royal commission." Rice Warner's analysis stated that the quality of the disclosures is another contributor to the problem. "In other ...

Frydenberg takes RC super advice

HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
The federal government has released a tranche of draft legislation implementing much of the recommendations of the Royal Commission, including banning directors of RSEs to hold any other roles and prohibiting trustees from charging advice fees in MySuper ...