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Showing 661 - 670 of 1257 results for "Royal Commission"

Federal Budget: Industry responds

HARRISON WORLEY  |  WEDNESDAY, 3 APR 2019
... Gori also said that while the association "broadly" supports the Government's $606.7 million response to the Royal Commission, the fact most of that amount will be recovered from ASIC's industry funding model will add to the cost of advice. "We ...

NFP intra-fund advice is not a distribution channel

KARREN VERGARA  |  WEDNESDAY, 3 APR 2019
... she said. While many retail super funds are re-evaluating the advice they provide after the financial services Royal Commission, Bowtell said non-conflicted governance model of profit-to-member funds are in a strong position to provide quality, low-cost ...

In a nutshell: Federal Budget 2019

JAMIE WILLIAMSON  |  TUESDAY, 2 APR 2019
... 2020. This will ensure member balances are not hit with the tax consequences of the merger. In regards to the Royal Commission, $606.7 million from 2018-19 will be used to facilitate the Government's response to the findings of the inquiry over five ...

Record Budget spend for older Australians

ELIZABETH MCARTHUR  |  TUESDAY, 2 APR 2019
... care services." "In some cases, these services have badly let Australians down. That is why we established the Royal Commission into aged care." About $282.4 million of the funding is allocated to support older Australians who want to stay at home longer ...

Budget: RC response to cost over $600m

HARRISON WORLEY  |  TUESDAY, 2 APR 2019
The Federal Government's response to the Royal Commission into Misconduct in Financial Services is set to cost more than half a billion dollars. The Federal Government has committed $606.7 million over the next five years to facilitate its response ...

NAB needs 500 staff for remediation

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAR 2019
... Introducer Program was obviously a source of considerable embarrassment to NAB in the first round of hearings of the Royal Commission." Chronican was questioned intensely by the chair, Tim Wilson, about why he was the appropriate chief executive for ...

Consumers confused by general, personal advice

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAR 2019
... consumers, especially retirees, exposed to the potential risk of financial loss." "And whilst the Financial Services Royal Commission, and the Government's response, dealt with the most egregious risks of hawking of complex financial products, consumer ...

Treasury proposes standardised default insurance definitions

KARREN VERGARA  |  FRIDAY, 29 MAR 2019
... insurance is open for consultation until April 26. Treasurer Josh Frydenberg is taking recommendation 4.13 from the Royal Commission's final report further by determining the cost and benefits and potential pricing effects that legislating universal ...

ASIC dismisses Royal Commission insider trading reports

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAR 2019
ASIC has told parliament there was no insider trading around the release of the Royal Commission's final report. This comes after the Labor party suggested insider trading was responsible for bank stocks rising immediately on the back of Kenneth Hayne's ...

APRA warns trustees on expectations

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAR 2019
In a letter to trustees APRA has clearly outlined expectations following the Royal Commission. The letter, from APRA deputy chairwoman Helen Rowell, said that the Royal Commission was a pivotal point for the financial services sector - including the ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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