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Showing 781 - 790 of 1691 results for "Royal"

Government bans superannuation funds treating employers

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
... penalty units. The Bill brings to life Commissioner Kenneth Hayne's recommendation against treating of employers from the Royal Commission final report. Hayne found legislation on how super funds compete to be nominated as default funds was too lax. ...

Institutions fail to adequately manage social risk

ELIZABETH MCARTHUR  |  TUESDAY, 9 APR 2019
... success and sustainability of an institution, but Australia's financial institutions are failing to measure this. The Hayne Royal Commission excoriated many of Australia's largest financial institutions for treatment of customers and failure to meet ...

Colonial acquisition cost CBA shareholders $53bn: Merlon

KANIKA SOOD  |  TUESDAY, 9 APR 2019
... size to REST Industry Super writing all of its investments down to zero, an event that would no doubt prompt calls for a Royal Commission," Carlisle said. Need for greater shareholder protections in Australia Carlisle says the management decisions from ...

Financial advice in 2030: What does it look like?

JAMIE WILLIAMSON  |  TUESDAY, 9 APR 2019
If every one of the recommendations to come out of the Royal Commission and the Productivity Commission was implemented verbatim, by 2030 the financial advice industry would look very different. WealthDigital predicts Australia's financial advice ...

Financial advice exit a boon for the industry: Poll

KARREN VERGARA  |  MONDAY, 8 APR 2019
... shift to a referral model; it will also reposition BT Financial Group as a standalone division. In handing down the banking Royal Commission final report, Commissioner Kenneth Hayne stopped short of dismantling vertical integration. Hayne said the forced ...

Poor governance spurs calls for directorship caps

JAMIE WILLIAMSON  |  MONDAY, 8 APR 2019
... six or seven boards just isn't sustainable. You probably can't deliver," she said. Following the release of the Royal Commission final report, the Governance Institute of Australia chief executive Megan Motto said: "Commissioner Hayne and his ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
... following criticisms it has not effectively regulated the superannuation industry as highlighted by the financial services Royal Commission. APRA's new powers allow it to direct and take action on RSEs that contravene its prudential obligations ...

AMP overhauls wealth leadership

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... clients and that that will include stronger risk controls, AMP said. AMP suffered a 97% profit drop last year amidst the Royal Commission and its fallout. The wealth giant was forced to acknowledge 196 instances of misconduct relating to financial advice ...

Superannuation Consumer Advocate proposal needs work

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... advocacy body in the sector that is free from industry influence and annual budget cycle pressure." The financial services Royal Commission highlighted the lack of consumer voices in superannuation advocacy and the need for consumers to be assisted through ...

Kelaher to leave IOOF

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
IOOF has announced new leadership following the fallout from the Royal Commission, with managing director Chris Kelaher to leave the embattled wealth firm. Allan Griffiths has been named IOOF's new independent, non-executive chair. He has been acting ...