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Showing 531 - 540 of 1691 results for "Royal"

Future of life insurance in doubt: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 JAN 2020
... deteriorated. APRA said this was in part due to "poor product design" and "aggressive" selling methods, as highlighted during the Royal Commission. "Some long-standing issues in this industry remain unresolved, including how to deal with legacy products," ...

ASIC increases levy costs

ELIZA BAVIN  |  THURSDAY, 16 JAN 2020
... actual costs per sector was primarily driven by the increase in enforcement matters adopted following recommendations of the Royal Commission. "The ASIC industry funding model was designed so that industry levies are set at the end of the year, after ...

HESTA names chief risk officer

JAMIE WILLIAMSON  |  THURSDAY, 16 JAN 2020
... as a practicing solicitor in both private practice and in-house role early in his career," Blakey said. Blakey said the Royal Commission spurred the creation of the new role. "In the wake of the Hayne Royal Commission we have seen how critical a strong ...

NAB revamps superannuation trustee board

KANIKA SOOD  |  TUESDAY, 14 JAN 2020
... is pursuing NULIS in the Federal Court over fees for no service conduct, and also working with it to improve in line with Royal Commission recommendations. Steve Schubert has been appointed the chair of MasterKey and Plum Investment committee. He was ...

FPA supports tightening insurance claims

ELIZABETH MCARTHUR  |  MONDAY, 13 JAN 2020
... in which advice in relation to life insurance and the claims handling process could be tightened up. The FPA supports the Royal Commission's recommendation 4.8, which stated: "The handling and settling of insurance claims, or potential insurance claims ...

AMP to cull super trustee, five funds

HARRISON WORLEY  |  THURSDAY, 9 JAN 2020
... Labor MP Daniel Mulino, who asked the wealth manager to demonstrate how its fundamental relationships had shifted since the Royal Commission as AMP attempted to remove conflicts of interest from the business. The new plan comes just months after AMP ...

Government edges towards regulator cooperation

HARRISON WORLEY  |  TUESDAY, 7 JAN 2020
... corporate and prudential regulators, opening a period of consultation on draft legislation implementing the recommendation of Royal Commissioner Kenneth Hayne that the regulators be bound by a statutory obligation to work together. The Financial Regulator ...

Consultation opens for design, distribution guidance

HARRISON WORLEY  |  FRIDAY, 20 DEC 2019
... genuine consumer needs and use distribution channels that will likely get them to the right consumers," she said. "Most of the Royal Commission case studies - from the misselling of products to extremely poor value financial products - would have uniformly ...

What you read in 2019: Superannuation

JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2019
... have seen nothing but reform after reform, but 2019 has been something different entirely. The Productivity Commission and Royal Commission final reports at the beginning of the year set in motion a wave of change unmatched by any previous round of policy ...

ANZ overcharges 3.4 million customers

ALLY SELBY  |  THURSDAY, 19 DEC 2019
... identifying 3.4 million customers who have been overcharged as the bank swiftly makes good on recommendations from the Hayne Royal Commission. ANZ chief executive Shayne Elliot told shareholders at the bank's annual general meeting in Brisbane on Tuesday ...