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Showing 611 - 620 of 1257 results for "Royal Commission"

Super stability not guaranteed: Rice Warner

HARRISON WORLEY  |  FRIDAY, 24 MAY 2019
... firm noted the Government would also implement most of Commissioner Kenneth Hayne's recommendations from the Royal Commission, adding another layer of change to the sector. "While the industry would welcome a break from constant change, it is likely ...

Hard times ahead for platforms

KANIKA SOOD  |  THURSDAY, 23 MAY 2019
... than 95% of major or non-aligned platforms. It segmented this FUA as 20% legacy, and contemporary. It also used Royal Commission platform cost data to assess cost-out prospects. It downgraded IOOF (IFL) to sell to account for earnings pressure. AMP and ...

Clients demand multiple advisers: Report

KARREN VERGARA  |  THURSDAY, 23 MAY 2019
... clients, it may also be reflective of the public and regulatory scrutiny of the wider sector in the wake of the Royal Commission," it said. EY Oceania wealth and asset management leader Antoinette Elias said wealth managers recognise their clients now ...

CBA down, industry up for employment

ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
... sector was 2% more attractive this year, after dropping 1% last year - which may be attributed to heat from the Royal Commission. However, the Commonwealth Bank's attractiveness as a place to work has taken a hit. The bank went from being the most attractive ...

ASIC to strengthen complaints handling

ELIZABETH MCARTHUR  |  THURSDAY, 16 MAY 2019
... financial system. "The Ramsay Panel Review, recent ASIC research, case studies before the Financial Services Royal Commission and our own supervisory work have all identified shortcomings in consumer complaints handling." She went on to point out that ...

Multi-asset SMA launches

KARREN VERGARA  |  TUESDAY, 14 MAY 2019
... attractiveness of any particular solution," he said. Holder commented that the challenges advisers face in a post-Royal Commission world mean that any proposed solution must compete on both cost and performance. "Resonant's multi-asset SMAs do just that," ...

No single solution for advice: CFA

HARRISON WORLEY  |  TUESDAY, 14 MAY 2019
... trust. Together with the CFA Institute, CFA Societies Australia released policy recommendations in response to the Royal Commission this week, in a report entitled Professionalising Financial Advice. CFA said not one solution could make a genuine, long-lasting ...

Advice and accounting align post-Royal Commission: CountPlus

ELIZABETH MCARTHUR  |  TUESDAY, 14 MAY 2019
... with the professional norms of the accounting industry. Trust in financial advisers took a hit after the Hayne Royal Commission, with just 41.2% of Australians surveyed believing an adviser will likely act in their best interest. Meanwhile, 82.3% of ...

Advice practice supply outweighs demand

JAMIE WILLIAMSON  |  MONDAY, 13 MAY 2019
... There are a number of influencing factors that are now driving the shift to a buyers' market, including the Royal Commission forcing multiples down, lack of readily available finance, and higher education requirements - all of which also mean there's ...

CBA remediation bill crosses $2bn

KANIKA SOOD  |  MONDAY, 13 MAY 2019
... million is in program costs. The numbers assume a refund rate of 24% excluding interest. Meanwhile, implementing Royal Commission recommendations and other program costs has cost the bank $806 million to date. The numbers are for known remediation cases ...