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Showing 601 - 610 of 1691 results for "Royal"

Dealer group shuts after advisers depart

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
... decision that it would be hard to restock the team given the new education requirements and decided to close. "With the Royal Commission announcements and new FASEA standards starting, we knew that it would be difficult to find good quality advisers ...

Retail fund faces class action on MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... members' needs, not their own." The conduct that is the subject of this case was a case study in the Financial Services Royal Commission. A lead plaintiff for the case, Lesley Coatman, said: "It's clear from both the Royal Commission and from ...

Grandfathered commissions ban passes

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
... conflicted payments. FSC chief executive Sally Loane said: "It is encouraging to see the government acting promptly on the Royal Commission implementation roadmap and delivering on Recommendation 2.4, which is expected to benefit Australian consumers." ...

No pain, no gain: APRA

HARRISON WORLEY  |  TUESDAY, 15 OCT 2019
... change brings challenges, it also brings rewards. Pointing to how APRA was emerging from 12 months of scrutiny following the Royal Commission, Rowell said its sharper focus on the outcomes trustees were delivering members was manifesting in a higher ...

Code monitoring move disappoints industry

ELIZABETH MCARTHUR  |  MONDAY, 14 OCT 2019
... Treasurer Josh Frydenberg and Assistant Minister Jane Hume announced the government will accelerate its implementation of the Royal Commission's recommendation to establish a single disciplinary body for financial advisers. The move has disappointed ...

ACCC to probe rate cut decisions

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... the setting of interest rates," the ABA said. "The first priority of Australia's banks is the implementation of the Royal Commission. Banks are also working night and day to prepare for the Consumer Data Right to empower customers to more easily ...

Culture change must not be a fad: APRA

HARRISON WORLEY  |  FRIDAY, 11 OCT 2019
... Investors (ACSI) released an update suite of governance guidelines on Friday, designed to "sharpen the focus" following the Royal Commission. Commenting on the new guidelines - which include an increased emphasis on incorporating ESG issues into risk ...

AMP shamed by CHOICE

ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
... members' best interests," AMP said. The consumer group made mention of the "underhanded behavior" that came to light at the Royal Commission, in which AMP was shown to have charged customers substantial financial advice fees without delivering a service. ...

Super funds face scrutiny in Canberra

ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
... examination of the groups will include monitoring the sector's progress on implementing relevant recommendations from the Royal Commission. The hearings will take place in Canberra on November 21 and 22 this year. The government announced in July that ...

AMP combines business units, appoints new boss

KANIKA SOOD  |  THURSDAY, 10 OCT 2019
... outflows for the segment were close to $4 billion, reflecting a range of factors including reputational damage from the Royal Commission, the company said in FY18 annual report. AMP Bank reported operating earnings of $148 million for the period, swelling ...