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

Search Results

Showing 51 - 60 of 1257 results for "Royal Commission"

Advisers urgently call on Treasury to recognise degrees

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... needed," she said. The adviser population peaked at nearly 30,000 at the end of 2018 in the throes of the Hayne Royal Commission. There were 15,602 active advisers at the end of April this year. While the advice sector may seem fragmented and unable ...

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... calling altogether. "Unfortunately, some funds and advisers are forgetting the lessons of the Financial Services Royal Commission and the horror of 'fees for no service'. Right now, some within the industry are calling for the removal of obligations ...

Advisers must unite for major reforms: SIAA

KARREN VERGARA  |  THURSDAY, 9 MAY 2024
... then implementing the change is greater." The advice industry has endured substantial reforms since the Hayne Royal Commission. The most recent round of changes aims to streamline some process documents such as the ongoing fee renewal and consent requirements. ...

AMP executive pay packet shrinks amid simplification

KARREN VERGARA  |  MONDAY, 15 APR 2024
... against peers. This is amidst AMP's aggressive simplification program which has been in play since the Hayne Royal Commission and led to the divestment of several business units, including AMP Capital and SuperConcepts. "For executives, as part of ...

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... investigation rather than Lanterne self-reporting the issues, and that the conduct occurred in the aftermath of the Royal Commission. "Lanterne, through Mr Cozens, should have known better," Justice McEvoy said. He said the $1.25 million penalty is intended ...

Industry funds set to gobble up over 50% of superannuation assets

ANDREW MCKEAN  |  THURSDAY, 21 MAR 2024
... Retail funds will also grow, but at a slower rate reflecting the gradual remediation of issues raised by the Hayne Royal Commission. SMSFs will remain popular, but their growth is expected to be less strong for pre-retirement assets. Meanwhile, industry ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... their personal wealth, including superannuation, rejecting the idea of an aged care levy. On the back of the Royal Commission into Aged Care Quality and Safety, the taskforce was established last year to determine the best means of funding the aged care ...

Advice PDMs, BDMs at inflection point: Survey

KARREN VERGARA  |  MONDAY, 4 MAR 2024
... business development managers (BDM) by Business Health looked at how these roles have evolved since the Hayne Royal Commission. Business ready IV found that the roles of PDMs and BDMs, while costly in terms of salaries, can add enormous value to a practice ...

Super funds in pole position for expanded advice

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... advisers will end up as proxy salespeople driven by commissions - the type of behaviour exposed by the Hayne Royal Commission. Abood, however, doesn't see history repeating itself. "I think the super funds are also very well aware of the reputational ...

Bragg calls for another Financial System Inquiry, critiques ASIC, APRA

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
... decline in the rate of prosecutions initiated from ASIC referrals, dropping from 75% in 2018 - the year of the Royal Commission - to 19% in the last financial year. Meanwhile, Bragg expressed growing concerns about APRA's effectiveness, particularly ...