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Showing 51 - 60 of 80 results for "Banking Royal Commission"

Rejuvenated APRA asserts authority

KARREN VERGARA  |  THURSDAY, 14 MAR 2019
... yesterday that APRA has turned a new leaf following several issues and recommendations raised from the banking Royal Commission. Part of its new strategy is to "weed out" underperforming funds, products and options. Trustees that fail to live up to their ...

IFM Investors adds policy director

KARREN VERGARA  |  THURSDAY, 28 FEB 2019
... necessarily sound like a good idea. Commenting on Commissioner Kenneth Hayne's recommendation in the banking Royal Commission final report, Dean said stapling may potentially encourage errant behaviour as funds try to sign up the first-time entrants ...

Royal Commission recommendations split industry

KARREN VERGARA  |  MONDAY, 18 FEB 2019
... Standard' s latest spot poll. About a third (31%) surveyed by Financial Standard last week believed the banking Royal Commission final recommendations were a missed opportunity to implement major reforms. Meanwhile, about the same number of respondents ...

Royal Commission dampens superannuation success

KARREN VERGARA  |  WEDNESDAY, 13 FEB 2019
Findings from the banking Royal Commission has overshadowed Australia's superannuation system scoring the top spot in a global study of pension markets. Willis Towers Watson and the Thinking Ahead Institute named Australia as the number one pension ...

Conflicts of interest recommendation falls short

KARREN VERGARA  |  MONDAY, 4 FEB 2019
Industry Super Australia has criticised the banking Royal Commission final report for falling short of addressing conflicts of interest. Industry Super Australia said the structure of the industry and other profit-to-member super funds has avoided such ...

Australian Ethical divests IOOF

KARREN VERGARA  |  FRIDAY, 18 JAN 2019
... part of APRA's legal proceedings against IOOF, the response provided by IOOF and evidence from the banking Royal Commission. Findings from the Royal Commission about AMP also prompted Australian Ethical to divest from the financial services firm ...

AFCA creates small businesses ombudsman role

KARREN VERGARA  |  FRIDAY, 16 NOV 2018
... added AFCA recognises that small businesses are a very important part of the Australian economy and the banking Royal Commission has demonstrated how devastating it can be when their financial disputes are not fairly resolved. On 1 November 2018, AFCA ...

New degree tackles adviser education standards

KARREN VERGARA  |  FRIDAY, 16 NOV 2018
... significant changes both with the introduction of the new qualification standards and recommendations from the banking Royal Commission - the combination of these two will reshape the industry. "We will likely see a shift towards more independent planners. ...

Interim report dotted with questions

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
What is to gain from passing new law? That's one of many questions that dotted Commissioner Kenneth Hayne executive summary for the Banking Royal Commission's final report. Hayne boiled down his 643-word summary to two questions: Why did it ...

Labor proposes RC implementation task force

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
... they gave it a reasonably short time frame," she said. "There is a strong case to consider extending the banking Royal Commission in order to hear from more people, more victims in more parts of Australia." Labor called for the Royal Commission in April ...