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Showing 511 - 520 of 1257 results for "Royal Commission"

Industry super satisfaction continues

HARRISON WORLEY  |  MONDAY, 16 SEP 2019
... continue to dominate satisfaction within the super sector with the retail sector continuing to be weighed down by Royal Commission fallout. Latest Roy Morgan research shows the 12 months to July served to stretch the domination of industry super funds ...

Dealer group to fight grandfathered commissions ban

ELIZABETH MCARTHUR  |  FRIDAY, 13 SEP 2019
... advice for their wellbeing, as well as the advice industry which is being unfairly treated." Ardino believes the Royal Commission recommendation to ban grandfathered commissions is being adopted by the Government without proper consideration to the harm ...

Government moves to expand design, distribution laws

HARRISON WORLEY  |  FRIDAY, 13 SEP 2019
... consultation on a previous version of the regulations and the extended scope of the obligations as a result of the Royal Commission," Treasurer Josh Frdenberg said. The regulations will commence in April 2021 as part of the Treasury Laws Amendment (Design ...

One regulatory regime enough: FSC

HARRISON WORLEY  |  FRIDAY, 13 SEP 2019
... financial services law be simplified. "This is consistent with the philosophy expressed in the Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry," the FSC said. With the government planning ...

ASIC prepares to be primary super conduct regulator

ELIZABETH MCARTHUR  |  THURSDAY, 12 SEP 2019
... regulating the conduct of super funds was one of the most significant changes for ASIC to be recommended by the Royal Commission. While ASIC awaits legislative reform to cement its role in super, Hughes said ASIC is already positioning itself to take ...

Senate creates committee on fintech, regtech

KRISTI CHENG  |  THURSDAY, 12 SEP 2019
... that sees the government looking towards technology as a solution to improve compliance in the wake of the Hayne Royal Commission. At a Q&A session at the Institute of Public Administration last month, Prime Minister Scott Morrison spoke about how regtech ...

Consultation opens on new ASIC powers

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 SEP 2019
... the Crimes Act. This draft legislation is part of the Government's commitment to deliver on the findings of the Royal Commission. Treasurer Josh Frydenberg said in a statement: "The exposure draft legislation is further evidence of the government's commitment ...

Calls to give ASIC power to repair reputations

ELIZA BAVIN  |  WEDNESDAY, 11 SEP 2019
... given the power to issue "no action letters" to those not under formal investigation for wrongdoing following the Royal Commission. Philip Crutchfield, QC, who previously acted for the corporate watchdog in its bank bill swap rate rigging case against ...

AFCA ombudsman addresses adviser concerns

KRISTI CHENG  |  TUESDAY, 10 SEP 2019
... 12 months, to accept complaints about conduct dating back to 1 January 2008, the period examined by the Hayne Royal Commission. In cases where financial firms and its customers have not found a resolution, AFCA will start investigating legacy matters ...

Priced out: Advice affordability at risk

ELIZABETH MCARTHUR  |  MONDAY, 9 SEP 2019
... becoming more expensive - or unaffordable altogether - for the average Australian. A submission by ASIC to the Royal Commission last year stated: "Many of the recent and ongoing reforms designed to lift conduct standards for advisers are likely to also ...