Search ResultsShowing 61 - 70 of 100+ results for "Royal Commission"
On track: APRA reveals RC progress
HARRISON WORLEY  |  THURSDAY, 8 AUG 2019
APRA is on track to meet its deadlines to implement the recommendations stemming from the Royal Commission. The prudential regulator has revealed its responses to each of the 10 recommendations relevant to APRA following the release of Kenneth Hayne's ...
AMP profits dive, chief pay restructured
ELIZABETH MCARTHUR  |  THURSDAY, 8 AUG 2019
... payments. AMP says these outflows reflected a range of factors including the impact of AMP's appearance at the Royal Commission in 2018 and changes to MySuper pricing. As for the advice business, the cessation of internal distribution arrangements between ...
CBA remediation bill drags performance
KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
... towards implementing regulatory and compliance initiatives, including recommendations from the financial services Royal Commission, CBA announced to the ASX this morning. Its cumulative spend and provision on rectifying errors further breaks down to ...
BT advice boss lands new role
KANIKA SOOD  |  WEDNESDAY, 7 AUG 2019
The former general manager of BT Financial Advice, who was grilled at Royal Commission hearings last year, will lead an ASX-listed managed accounts provider for a $500,000 base salary. Michael Wright will join Xplore Wealth (formerly Managed Accounts ...
Financial Wisdom to shut down
JAMIE WILLIAMSON  |  WEDNESDAY, 7 AUG 2019
... services through Financial Wisdom by June 2020 and will then proceed with the closure. Commonwealth Bank cited the Royal Commission and structural changes in the advice sector as key drivers behind the decision. Advisers will be supported through an ...
ANZ scraps individual bonuses
HARRISON WORLEY  |  TUESDAY, 6 AUG 2019
... ANZ noted its redesigned remuneration structure was a key initiative it set out for itself in response to the Royal Commission's recommendations in February, and said staff still need to satisfy specific conduct and performance requirements to earn variable ...
More scrutiny for super fund, insurance firm chiefs
KARREN VERGARA  |  MONDAY, 5 AUG 2019
... sector, as well as examine how well financial institutions are implementing the recommendations of the banking Royal Commission. Financial services associations will also be called upon to appear before the standing committee. Treasurer Josh Frydenberg ...
EQT welcomes head of insurance
KARREN VERGARA  |  MONDAY, 5 AUG 2019
... accountant. Executive general manager of the superannuation trustee office Mark Blair said the financial services Royal Commission, which concluded early this year, threw into sharp focus the importance of a strong and operationally independent trustee ...
Unfair contract terms extended to insurance
KARREN VERGARA  |  FRIDAY, 2 AUG 2019
... Contracts Bill 2019 announced this week is the result of the Coalition taking action on the financial services Royal Commission's recommendations. "Removing the exemption for insurance contracts from the UCT regime will ensure consumers and small ...
AFA, FPA slam haste in ending grandfathered commissions
KRISTI CHENG  |  FRIDAY, 2 AUG 2019
... newer, better and more-affordable products are available on the market," he said. The final report of the Hayne Royal Commission recommended repealing the grandfathering provisions "as soon as is practicable". De Gori said the cost of the commission ...
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