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Showing 41 - 50 of 80 results for "Banking Royal Commission"

More scrutiny for super fund, insurance firm chiefs

KARREN VERGARA  |  MONDAY, 5 AUG 2019
... sector, as well as examine how well financial institutions are implementing the recommendations of the banking Royal Commission. Financial services associations will also be called upon to appear before the standing committee. Treasurer Josh Frydenberg ...

Industry wide pay cut for boards

ELIZABETH MCARTHUR  |  TUESDAY, 4 JUN 2019
... respectively. Governance Institute chief executive Megan Motto said: "It is clear that the effects of the Banking Royal Commission are already being felt by Australia's financial institutions, as shareholders and their boards move to act upon Commissioner ...

Super funds can spearhead infrastructure: Expert

HARRISON WORLEY  |  WEDNESDAY, 29 MAY 2019
... and banks go back to their bread and butter," Ong said. Thomas added he found it interesting that the banking Royal Commission peered into vertical integration but chose not to outlaw it. "I think it was interesting that the Royal Commission looked at ...

Life insurers prioritise customer service over tech

KARREN VERGARA  |  TUESDAY, 7 MAY 2019
... capability. "As the sector faces increased scrutiny partly owing to the compliance issues identified in the banking Royal Commission, now more than ever, insurers need to be on the front foot in addressing their regulatory requirements. This is one reason ...

ESG enthusiasm booms post-Royal Commission

ELIZABETH MCARTHUR  |  MONDAY, 6 MAY 2019
... directors and employees, rather than external forces or market pressure. Cottier said fallout from the Banking Royal Commission may be a part of what is driving this internal push for ESG. "Directors being even more aware of the importance of ensuring ...

NAB, Nippon lock heads over MLC

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
... animosity." Elsewhere, NAB's wealth business suffered a $3.8 billion net outflow as the effect of the banking Royal Commission continues to roil its results. The wealth division, which includes financial advice, asset management and superannuation ...

APRA self-assesses shortcomings

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2019
... determining the fitness and propriety of responsible persons, including their skills and experience. Given the banking Royal Commission advocated for the Banking Executive Accountability Regime (BEAR) should be extended to superannuation, APRA said it ...

One third of Australians trust robo-advice

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... robo-advice as their faith in the human side of the financial services sector continues to waver following the Banking Royal Commission. Futurist and innovation strategist Anders Sorman-Nilsson said: "Previously, Australians have trusted digital tools ...

IOOF responds to class action

ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
... Friday on behalf of IOOF shareholders. The class action is a direct result of revelations out of the Banking Royal Commission that IOOF Investment Management and Questor Financial Services, subsidiaries of IOOF, breached their duties as superannuation ...

Financial advice exit a boon for the industry: Poll

KARREN VERGARA  |  MONDAY, 8 APR 2019
... referral model; it will also reposition BT Financial Group as a standalone division. In handing down the banking Royal Commission final report, Commissioner Kenneth Hayne stopped short of dismantling vertical integration. Hayne said the forced separation ...