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Showing 691 - 700 of 1257 results for "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 ...

NFP super funds rise to occasion post-Royal Commission

KARREN VERGARA  |  THURSDAY, 14 MAR 2019
While industry funds emerged largely unscathed from the Hayne Royal Commission, it is more critical than ever for not-for-profit funds to be exemplary in terms of practices and performance. This was a key message at this year's Conference of Major Super ...

Commonwealth Bank delays wealth demerger

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2019
Commonwealth Bank is delaying its demerger plans for its wealth management and mortgage broking businesses. Announced today, the group said it is prioritising the implementation of the Royal Commission's recommendations, refunding customers and ...

Mortgage broker trail commissions to stay

KANIKA SOOD  |  WEDNESDAY, 13 MAR 2019
... network of community-owned branches, according to the RC's public hearings. The decision is at odds with the Royal Commission's final report's recommendation on the subject, which recommended lenders stop paying brokers trailing commissions on new loans ...

New NAB chair seeks to ease shareholders

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2019
... million to about 310,000 customers; "and we are stepping up the pace," he added. Chronican said he is confident the Royal Commission's recommendations will lead to a better industry, and expects NAB to lead the change. "It will not be enough to focus ...

Clayton Utz finally hands AMP notes to ASIC

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... matter was not resolved sooner." The Clayton Utz report was a significant thorn in the side of AMP in 2018. The Royal Commission heard in April that the name of then-outgoing chief executive Craig Meller had been removed from a draft version of the report ...

Sole purpose test divides industry

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... questioned whether ASIC would probe AustralianSuper's offer, given its renewed commitment to enforcement following the Royal Commission. "ASIC is going after the banks. What about industry funds that are remarkably close to contravening the sole purpose ...

New life insurer is RC good news story

HARRISON WORLEY  |  THURSDAY, 7 MAR 2019
A freshly launched life insurer believes it is the "good news story" to come from the Royal Commission. Speaking at the Sydney leg of a nationwide adviser roadshow, Integrity Life managing director Chris Powell said the firm was well positioned to take ...

Risk advice a hard sell: Research

KARREN VERGARA  |  THURSDAY, 7 MAR 2019
... life insurance is not without its complexities, and some of the commentary heard since the financial services Royal Commission highlights a genuine lack of understanding of the sector and the interplay between the major channels and product types. "For ...

NAB names new chair

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2019
The new chair of National Australia Bank has been named as the hunt for a new chief executive continues. Current NAB director Philip Chronican will replace Ken Henry as chair of the board later in 2019. Chronican is currently serving as interim chief ...