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

Search Results

Showing 61 - 70 of 76 results for "Banking Royal Commission"

ANZ, NAB bottom lines take a hit

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... IOOF, and the life insurance arm to Zurich in October and December 2017 respectively. It anticipates the banking Royal Commission will generate about $50 million of legal and miscellaneous costs for its full-year reporting period of 30 September 2018. ...

Unions lobby super sector to cut big bank, AMP ties

JAMIE WILLIAMSON  |  TUESDAY, 24 APR 2018
... dignified retirement for everyone," the letter reads. "In light of the revelations of the past weeks at the Banking Royal Commission, I am asking industry super fund chief executives to reconsider their commercial relationships with banks." McManus adds ...

Government targeted for delaying Royal Commission

ALEX BURKE  |  FRIDAY, 20 APR 2018
... Joyce said he was "wrong" to resist the calls for a Royal Commission. The Greens have campaigned for a banking Royal Commission for years. It's clear how important it is. pic.twitter.com/sH4o8e9sLI - Richard Di Natale (@RichardDiNatale) April 20, 2018 ...

RC findings bring shame on advice industry: social media

ALEX BURKE  |  TUESDAY, 17 APR 2018
... Partners principal Shaun Gath criticised the industry's evasive responses to questions. Watching the Banking Royal commission, I'm reminded of what we recommended to the Joint Parliamentary Committee 9 years ago regarding fee for no service in financial ...

Lawyers slam life insurers in Royal Commission

KARREN VERGARA  |  FRIDAY, 6 APR 2018
... self-regulate via its two "deficient" codes, according to Maurice Blackburn Lawyers' submission to the banking Royal Commission. There have been more than 700 breaches of the Life Insurance Code of Practice in the short time it took effect on 1 July ...

ANZ halts asset secured loans to retail customers

KANIKA SOOD  |  MONDAY, 19 MAR 2018
... responsible lending laws two dozen times between 2013 and 2015. The bank is slated to appear before the banking Royal Commission this week, after executives from NAB and CBA testified last week. Retail investors held 42% of the company's shares, as of ...

Super and insurance inquiry necessary: Poll

KARREN VERGARA  |  MONDAY, 11 DEC 2017
The Federal Government expanding the remit of the banking Royal Commission to include the insurance and superannuation sectors is strongly supported by the majority of readers polled in Financial Standard's weekly survey. More than 60% of respondents ...

Infocus chief executive departs

JAMIE WILLIAMSON  |  WEDNESDAY, 6 DEC 2017
... substantial change in the financial services industry and as a result of last week's announcement of the banking Royal Commission we anticipate change to continue," Steinhardt said. While change can throw up challenges it also presents opportunities ...

Industry associations merge

KARREN VERGARA  |  FRIDAY, 1 DEC 2017
... said. AIST will be holding its first chief executive forum on December 7 in Melbourne. In light of the banking Royal Commission announced yesterday, AIST said broadening the scope to include superannuation was an "unnecessary measure and a waste of taxpayer ...

ASFA disappointed in Royal Commission scope

EMMA RAPAPORT  |  FRIDAY, 1 DEC 2017
... scrutiny. That is what Australians expect, and rightly so," O'Dwyer said. Related story: Government caves to banking Royal Commission Under the current Royal Commission terms of reference, the use by a financial services entity of superannuation members' ...