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Showing 61 - 70 of 1257 results for "Royal Commission"

AMP chair steps down

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
... AMP board as non-executive director on 15 June 2019 at the height of AMP's tumult in the wake of the Hayne Royal Commission. She took over as chair in August 2020. She replaced Catherine Brenner who left in the hope that investors could regain confidence ...

NAB names new chief executive

CHLOE WALKER  |  WEDNESDAY, 7 FEB 2024
... Chronican paid tribute to McEwan, who joined NAB in December 2019 with a mandate for change in the wake of the Royal Commission. "Ross has been exactly the chief executive we needed," Chronican said. "He reminded us of the value of getting the basics ...

Advisers urged to check ASIC registration status

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2024
... close to 6000 financial advisers who are still not registered with ASIC. Under the Financial Sector Reform (Hayne Royal Commission Response - Better Advice) Act 2021, all relevant providers must be registered with ASIC to provide personal financial advice ...

Adviser numbers stable at 15,650

KARREN VERGARA  |  MONDAY, 15 JAN 2024
... there were as many as 20,667 advisers. The population peaked at nearly 30,000 at the end of 2018 as the Hayne Royal Commission was finalising its verdict. The Financial Advice Association Australia (FAAA) remains concerned with the stagnant number of ...

Insignia Financial class action dismissed by court

JAMIE WILLIAMSON  |  MONDAY, 8 JAN 2024
Just days before Christmas, an Insignia Financial shareholder class action borne out of the Royal Commission was dismissed, with the judge saying there was no evidence provided to prove the group breached disclosure requirements. The class action was ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... their businesses slashed by controversial changes to AMP's Buyer of Last Resort provisions following the Royal Commission. Justice Moshinsky found evidence of losses incurred by the lead applicant, Equity Financial Planners, and sample group member ...

MLC Life names general manager, remediation

JAMIE WILLIAMSON  |  MONDAY, 11 DEC 2023
... experienced customer excellence specialist." In addition to Commonwealth Bank, Fletcher also assisted AMP with its post-Royal Commission remediation programs which totalled about $800 million. He's also previously held senior roles in mergers and acquisitions ...

QAR final response winds clock back, says FAAA

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
... partly-trained salesperson, and comprehensive financial advice from a fully qualified professional." She added that, post-Royal Commission, financial advice has become a profession, but the government tied it up in so much red tape that the cost of holistic ...

AMP to pay $100m to settle BOLR class action

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
... time of writing, it's up around 6% to 0.90 cents. That said, this is down more than 63% since the end of the Royal Commission, and more than 90% since AMP first listed. The group said it will update the market before the end of the year on how tranche ...

Settlement approved in AMP shareholder class action

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
... judge yesterday. The class action was filed in June 2018 and came on the back of misconduct made public by the Royal Commission. An amended statement of claim was filed on 7 December 2021 by Maurice Blackburn and the case was to be heard in August, but ...