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Showing 691 - 700 of 2047 results for "CRA"

RECAP: Advice in the Royal Commission spotlight (Day 4 and 5)

KANIKA SOOD  |  FRIDAY, 20 APR 2018
As the Royal Commission disbands for the week, Financial Standard summarises all the evidence heard on day four and five of the financial advice industry's turn before Commissioner Kenneth Hayne. Executives from Westpac, CBA and AMP have now made an ...

ROYAL COMMISSION: Top stories

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
Missed something? Here's a recap of the most read stories to come out of the first week of the Royal Commission's inquiry into financial advice. AMP admits to serious misconduct in RC submissions AMP acknowledged hundreds of instances of misconduct ...

Meller to leave AMP immediately

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
Craig Meller has stepped down as chief executive of AMP effective immediately. AMP has announced Meller will leave the role in the wake of financial advice failings and misconduct brought to light by the Royal Commission. AMP non-executive director ...

RECAP: Advice in the Royal Commission spotlight (Days 1 - 3)

KANIKA SOOD  |  THURSDAY, 19 APR 2018
After three days of the financial services Royal Commission tackling financial advice, Financial Standard summarises the top stories and key points you need to know. Australia's top financial institutions are lining up before Commissioner Kenneth Hayne ...

Industry welcomes final Better Banking report

HARRISON WORLEY  |  WEDNESDAY, 18 APR 2018
The final report of a two year reform program has outlined the progress made by Australia's banks in implementing the Better Banking Reforms Program. Handing down the report, independent governance expert Ian McPhee said commitment to the package of ...

Outgoing CEO name removed from critical AMP report draft

ALEX BURKE  |  TUESDAY, 17 APR 2018
The Royal Commission revealed today that AMP's law firm, Clayton Utz, removed outgoing chief executive Craig Meller's name from a draft of a critical report about the business. Senior Counsel Assisting Michael Hodge referred to the Clayon Utz report ...

MLC launches digital underwriting platform

KANIKA SOOD  |  TUESDAY, 17 APR 2018
MLC life insurance has launched a new digital underwriting platform and is promising to provide "instant quotes" for life insurance cover in as little as five minutes. The digital tool will query a comprehensive database of industry standard questions ...

Milliman launches course correction tool for retirees

ALEX BURKE  |  TUESDAY, 10 APR 2018
Milliman is rolling out a new retirement portfolio strategy which aims to apply a capital protection overlay to hedge against downside risk in equity markets. The product is called Even Keel. As explained by Milliman practice leader Wade Matterson in ...

Asset consultant announces senior hire

HARRISON WORLEY  |  FRIDAY, 6 APR 2018
An Australian asset consultant with $300 billion in funds under advice has landed a Mercer lead consultant to strengthen its advice capabilities. Elie Saikaly will join the senior advisory ranks at Frontier Advisors as a principal consultant from June. ...

Industry welcomes pensioners' dividend tax policy exemption: Poll

KARREN VERGARA  |  TUESDAY, 3 APR 2018
The Labor Party's move to protect aged pensioners from its proposed excess dividend imputation credit reform is welcomed by the majority of the industry, Financial Standard's latest spot poll shows. Prior to shadow treasurer Chris Bowen announcing pensioners ...