Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 681 - 690 of 1257 results for "Royal Commission"

Indigenous super access needs improvement

KARREN VERGARA  |  TUESDAY, 19 MAR 2019
... not to have such practices and procedures carried out by trained staff. One of Hayne's recommendations in the Royal Commission final report is for the Australian Banking Association to amend its code so that if a customer identifies as an ATSI, the bank ...

Industry fund executive takes new role

HARRISON WORLEY  |  TUESDAY, 19 MAR 2019
... years have seen an unprecedented pace of legislative and regulatory change, and the Productivity Commission and Royal Commission final reports look set to increase that pace even further," Rowe said. "Our members' best interests are always at the centre ...

Codes of conduct to be made enforceable

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
The Federal Government has responded to the recommendation from the Royal Commission that financial service industry codes of conduct should be enforceable by ASIC. The Treasury released a consultation paper addressing this point from Hayne's report ...

IOOF faces class action

KANIKA SOOD  |  MONDAY, 18 MAR 2019
... and 6 December 2018 are signed up by default. They will have the choice to opt-out later. It follows IOOF's Royal Commission appearance last year, where its subsidiaries gave evidence on breaches of their duties as superannuation trustees. In December ...

Zero tolerance approach to poor culture needed

KARREN VERGARA  |  MONDAY, 18 MAR 2019
... Funds (CMSF) via video link, took a simplistic yet tough approach to solving the culture crises exposed by the Royal Commission. Treasurer Josh Frydenberg appointed Samuel in February to lead a capability review into APRA in response to the Royal Commission's ...

TAL goes back-to-back at AFA awards

HARRISON WORLEY  |  MONDAY, 18 MAR 2019
TAL went back-to-back, winning the Association of Financial Advisers' Life Company of the Year award for a second year running in Sydney recently. The life insurer took home the top gong as Platinum Winner of the AFA Life Company of the Year Award ...

Benchmark APRA against global counterparts: Treasury

KANIKA SOOD  |  FRIDAY, 15 MAR 2019
... regular capability reviews of APRA starting in 2019. This came on the back of recommendations made by both the Royal Commission and the Productivity Commission. The first APRA capability review has now commenced, with a three-person panel appointed by ...

Reforming bank culture rests on regulators: Silk

KARREN VERGARA  |  FRIDAY, 15 MAR 2019
... AustralianSuper chief executive Ian Silk says he's doubtful that the organisations called out for poor behaviour at the Royal Commission have what it takes to become good corporate citizens - if left to their own devices. Appearing at the Conference ...

NAB agrees to RC wealth recommendations

HARRISON WORLEY  |  FRIDAY, 15 MAR 2019
National Australia Bank agreed to all of the Royal Commission's recommendations directly relating to the wealth management industry. Releasing its full response to Commissioner Hayne's 76 suggested changes to Australia's financial services industry ...

Investors stick with managed accounts despite volatility

HARRISON WORLEY  |  THURSDAY, 14 MAR 2019
... IMAP, the result is encouraging, given the sector faced difficulties on two fronts towards the end of 2018 - the Royal Commission's potential recommendations and market volatility. IMAP chair Toby Potter said the institute's latest data - produced in ...