Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 541 - 550 of 1691 results for "Royal"

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... and Westpac consumer bank chief executive George Frazis. 5. Grandfathered commissions to be banned Hot on the heels of the Royal Commission's final report, in early February Federal Treasurer Josh Frydenberg declared grandfathered commissions would ...

18 misconceptions about FASEA code

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
... encouraged advisers to consider some of the negative impacts conflicted advice had on clients that was highlighted at the Royal Commission. FASEA's position on referrals requires a standard that is inconsistent with any other profession: "Has the person ...

TAL loses group insurance mandate

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... for money." The mandate loss comes as TAL prepares to fight ASIC in the Federal Court over a 2014 case highlighted by the Royal Commission last year. ASIC is alleging TAL voided an income protection claim, saying the customer had failed to disclose unrelated ...

No joy in the advice world this Christmas

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
... contributing factor for the lack of support when compared to other industries". Reflecting on the year that was since the Royal Commission, Daniels said the overwhelming majority of advisers want a professional, ethical, transparent and sustainable industry. ...

ASIC drags NAB to court for fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
... penalty proceedings against NAB in the Federal Court over fees-for-no-service, which the bank continued to charge after the Royal Commission. The corporate regulator is seeking to find NAB made several thousand contraventions of the ASIC Act and the ...

Dealer group boosts compliance team

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2019
... licensees became more complex. "The compliance regime for planners has become much more demanding in the wake of the Hayne Royal Commission. Licensees have a duty to their authorised representatives to stay on top of the changes, and the only way to ...

ASIC takes action against TAL over RC case

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
ASIC has commenced proceedings against TAL Life in the Federal Court over one of the cases referred to it by Royal Commissioner Kenneth Hayne. The corporate regulator has filed a civil case against TAL, alleging the insurance giant breached the ASIC ...

Cost savings, RC boost digital advice

JAMIE WILLIAMSON  |  MONDAY, 16 DEC 2019
... Decimal also saw demand for the digital advice offering surge over the period, particularly during key milestones of the Royal Commission. In December 2017 when Commissioner Kenneth Hayne was appointed, the solution saw 1707 digital advice sessions. ...

NULIS satisfies ASIC requirements

HARRISON WORLEY  |  MONDAY, 16 DEC 2019
... it was still engaging with the trustee in an effort to improve its operations and address the recommendations made by the Royal Commission.

Pendal family office lead moves to boutique

KANIKA SOOD  |  FRIDAY, 13 DEC 2019
Pendal's head of family offices has moved to Phil King's alternatives house Regal Funds Management as the latter restructures its distribution team. Rob Saunders has taken on the role of Regal's head of wholesale and family office, including ...