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Showing 551 - 560 of 6071 results for "Commission"

Family offices look to infrastructure for alpha

KARREN VERGARA  |  FRIDAY, 2 JUN 2023
... investments, supported by historically large policy initiatives such as the US Inflation Reduction Act and the European Commission's Green Deal Industrial Plan," the report said. "The enthusiasm for infrastructure in part reflects the ways it has expanded ...

No regrets: Hayne reflects on Royal Commission

KARREN VERGARA  |  TUESDAY, 30 MAY 2023
Nearly six years since the landmark Royal Commission, former High Court justice Kenneth Hayne stands by his recommendations that upended the banking and financial services sectors. Making a rare appearance at the International Congress of Actuaries ...

AMP restructures wealth management, chief exits

KARREN VERGARA  |  MONDAY, 29 MAY 2023
... experience and transformation. Other than AWM, what is left of AMP following a turbulent period since the Hayne Royal Commission is AMP Bank, New Zealand Wealth Management (NZWM), and remnants of AMP Capital like a 15% holding in China Life AMP Asset ...

'Kick down the road' mentality fuels retirement insecurity: Study

ANDREW MCKEAN  |  MONDAY, 22 MAY 2023
Despite over 30 years of compulsory Superannuation Guarantee, two-thirds of Australians fear they won't have enough money to last through retirement. A study commissioned by Findex and conducted by YouGov, investigating Australians' readiness for retirement ...

Farewell Michael Harrison

JAMIE WILLIAMSON  |  MONDAY, 22 MAY 2023
... Australia's first private bank, consulted to the likes of AMP, Citibank and the Australian Competition and Consumer Commission, sat on the board of the Australian Formula One Grand Prix, and even served three terms as the Deputy Lord Mayor of Adelaide. ...

AMP fined $24m for charging deceased customers

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
... Australian financial services licensees to act efficiently, honestly and fairly. It was during the 2018 Hayne Royal Commission that the egregious conduct came to light, forcing AMP to report the issue to ASIC and to rectify the issue. Justice Hespe described ...

Super funds must prioritise member experience: Consultant

ANDREW MCKEAN  |  WEDNESDAY, 17 MAY 2023
... data, funds can cross and up-sell offerings as well as design new initiatives," he said. Meanwhile, the Productivity Commission has warned Australians paying more than 1.5% of their total superannuation balance in fees are likely being hit by the 'fees-for-no-service' ...

Reserve Bank is done at 3.85%: CBA

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
... following an extended period of aggressive policy tightening by the RBA, he commented. That said, the upcoming Fair Work Commission decision on the national minimum wage will be critical for the outlook for wages growth along with inflation and the monetary ...

AustralianSuper mistake spurs call for regulatory intervention

ANDREW MCKEAN  |  MONDAY, 15 MAY 2023
... regulators, confessing to overcharging current and former members with more than one account. According to the Productivity Commission, unnecessary multiple accounts can leave someone over $50,000 worse off in retirement. The fund is aiming to return ...

ASIC, APRA reviewer deprioritised by government

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
... from every two years to every five years." The Authority was created on the back of a recommendation out of the Royal Commission. It only released its first review of ASIC in August last year and is still yet to release its first of APRA. It is chaired ...