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Showing 631 - 640 of 1257 results for "Royal Commission"

ANZ boosts remediation team

HARRISON WORLEY  |  WEDNESDAY, 1 MAY 2019
... said the move was part of its broader attempt to build trust and lead the industry "with purpose" following the Royal Commission and a string of scandals that have harmed the banking and wealth sectors. In boosting its remediation team, ANZ said it was ...

Industry funds announce $26bn joint venture

KANIKA SOOD  |  WEDNESDAY, 1 MAY 2019
... executive, deputy chair and chief investment officer be guaranteed these positions in the merged fund. Last year, the Royal Commission public hearings probed failed superannuation fund mergers. When the final report came out in February, one of the recommendations ...

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 ...

Big banks forced to cut costs: Perennial Value

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 MAY 2019
... positive economic and regulatory outlook, Australia's big banks will look to cut costs as the fallout from the Royal Commission continues. That is the view of Perennial portfolio manager Andrew King, who said ongoing efforts to remediate customers will ...

Swiss Re to manage Freedom remediation

KANIKA SOOD  |  TUESDAY, 30 APR 2019
... lost about 95% since. Freedom is currently divesting all its operations after a scathing year that included the Royal Commission playing recorded calls of a sales person selling insurance to a man with intellectual disabilities. On April 15, the ASX-listed ...

Push for chief executive pay ratio disclosure

ELIZABETH MCARTHUR  |  MONDAY, 29 APR 2019
... and investors should not have to tolerate conduct which falls short of community expectations." She added the Royal Commission highlighted the need for change. The new ACSI policy proposal also calls for annual director elections, meaning companies would ...

ASA to vote against AMP remuneration

HARRISON WORLEY  |  FRIDAY, 26 APR 2019
... Resolution Life last year, which caused concern among shareholders together with enduring the financial services Royal Commission and the fallout it caused AMP. However, the ASX ruled AMP did not require shareholder approval for the sale. ASA will however ...

Fire drills needed to meet APRA standards

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... they will test whether entities have met the new standard. "If you think about how APRA was reviewed during the Royal Commission and its recent release of the enforcement approach you'll see that it's maturing itself in its approach this kind of an area. ...

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 ...

Finance job opportunities rise post-RC

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
Job opportunities in the financial services sector have risen by 10% following the Royal Commission, according to Sunsuper. New data from the super fund indicates the first quarter of 2019 was a strong period for jobs in the finance industry, as figures ...