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Showing 571 - 580 of 1691 results for "Royal"

Politician urges Treasurer to protect advisers

ELIZABETH MCARTHUR  |  FRIDAY, 22 NOV 2019
... estate planning and tax." She said the group of her constituents have expressed concern over the recommendation from the Royal Commission that grandfathered remuneration be brought to an end. Steggall explained the group requested: "Any policy or recommendation ...

Life risk insurance not profitable: KPMG

HARRISON WORLEY  |  FRIDAY, 22 NOV 2019
... well as a retreat from direct distribution models following the exposure of problems with these models during the Banking Royal Commission. A well-functioning, sustainable, accessible and trusted life insurance industry is important for all Australians ...

Best of times, worst of times for advice

ELIZABETH MCARTHUR  |  FRIDAY, 22 NOV 2019
... Mann Judd agreed with Miller but said that he is also seeing the current environment as full of opportunity. "Following the Royal Commission, all the uncertainties out there are enough to make you break a cold sweat," Hutton said. "We're in the situation ...

Complexity equals risk: IOOF chief

HARRISON WORLEY  |  THURSDAY, 21 NOV 2019
... fund," Mota said. "We are eliminating conflicts. What we're saying is we are eliminating those conflicts [raised at the Royal Commission]. Those conflicts will not exist going forward. But where I completely agree with you is that complexity equals ...

Many benefits to going your own way: CMC Markets

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 NOV 2019
... Andrew Shade has commented on the benefits of financial advisers moving away from large financial institutions following the Royal Commissions. He highlighted three key benefits that are driving the trend towards independence. One of those is increased ...

APRA to take transparent approach

HARRISON WORLEY  |  TUESDAY, 19 NOV 2019
... damage, fines and expensive remediation programs," Lonsdale said. "Remediation costs relating to issues identified in the Royal Commission have cost industry in excess of $7 billion to date, and are likely to rise further as both new and historical issues ...

New advice groups detrimental to consumers

HARRISON WORLEY  |  MONDAY, 18 NOV 2019
... permanent loss of capital for those members of our community who can least afford it, and anything we've seen from this Royal Commission will pale by comparison." Appearing on a panel alongside Gupta, Mercer head of industry and public sector superannuation ...

IOOF completes licence conditions

ELIZABETH MCARTHUR  |  FRIDAY, 15 NOV 2019
... APRA imposed license conditions on IOOF and sought to disqualify several of its executive leaders in 2018 following the Royal Commission. In April 2019, IOOF was found to have breached one of APRA's licence conditions when it failed to establish a dedicated ...

NAB faces half a billion in fines

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2019
... each individual breach is between $1.7 million to $1.8 million, adding up to close to $500 million combined. During the Royal Commission NAB identified that misconduct stemming from the program went undetected until 2015 due to there being no lead, with ...

CBA wealth boss to exit

KANIKA SOOD  |  WEDNESDAY, 13 NOV 2019
... ASX-listed CountPlus and Mortgage Choice. The bank later put the demerger on ice, saying it was focusing on implementing Royal Commission recommendations and remediating clients. It sold Count Financial, and announced plans to shut down Financial Wisdom ...