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Showing 61 - 70 of 1230 results for %22Royal Commission%22

Final Royal Commission reforms to be tabled, YFYS review begins

JAMIE WILLIAMSON  |  WEDNESDAY, 7 SEP 2022
The final raft of legislative reform resulting from the Royal Commission will be introduced to parliament this week and consultation on the review of the Your Future, Your Super regime has commenced, minister for financial services Stephen Jones confirmed ...

Insurers are 'fishing' for non-disclosures: ASIC

ANDREW MCKEAN  |  FRIDAY, 2 SEP 2022
... claims handling practices in the context of total and permanent disability (TPD) insurance. The Financial Services Royal Commission examined several case studies of egregious conduct in which physical surveillance and non-disclosure investigations were ...

A sensible roadmap: Industry responds to QAR paper

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... "This would be an incredible disappointment to the victims of financial advice scandals who gave evidence to the Royal Commission," Kirkland said. "The review's proposals to weaken consumer protections will fuel a revival of vertical integration, by ...

Findex names co- chief executives amid plans to grow wealth capabilities

CASSANDRA BALDINI  |  WEDNESDAY, 24 AUG 2022
... and take advantage of the major opportunities emerging from Australia's wealth management sector after the Royal Commission, it said. Current chief operations officer Roussos and its chief financial officer Games stepped into their new leadership ...

ASIC response to Freedom Insurance saga continues

JAMIE WILLIAMSON  |  WEDNESDAY, 17 AUG 2022
... Freedom Insurance went out of business after ASIC's review of the sale of direct life insurance and subsequent Royal Commission hearings uncovered the then-listed insurer's shocking and harmful sales tactics. In September 2018, the Royal Commission heard ...

ASIC working to improve breach reporting regime

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
... The regime, which applies to all AFSL and ACL holders, commenced in October 2021 and came off the back of the Royal Commission. Now, less than a year later, ASIC has acknowledged "a number of implementation challenges" impacting its operation. ASIC said ...

Investors, advisers need further ESG education

CASSANDRA BALDINI  |  MONDAY, 18 JUL 2022
... around combating climate change and embracing sustainability," he said. "Further, as the dust settles from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, the advice industry is turning its attention ...

AFA hits back at QAR submissions from Choice, ISA

CASSANDRA BALDINI  |  MONDAY, 11 JUL 2022
... and is full of unfair judgments and generalisations. "They make the often-repeated statement that the Banking Royal Commission exposed widespread misconduct in the financial advice industry," AFA said. "It might be worthwhile pointing out that only one ...

Subjects of Royal Commission case study found guilty in court

CHLOE WALKER  |  MONDAY, 11 JUL 2022
The Federal Court has found that Select AFSL (Select), BlueInc Services Pty Ltd (BlueInc) and Insurance Marketing Service Pty Ltd (IMS) engaged in unconscionable conduct when selling insurance products. The Court also found Russell Howden, the managing ...

Chorus of self-interest in financial advice: SCA

JAMIE WILLIAMSON  |  WEDNESDAY, 6 JUL 2022
... UK for inspiration when it comes to providing access to conflict-free financial advice, saying lessons of the Royal Commission have been forgotten and "a chorus of self-interest has emerged". In a new op-ed, Super Consumers Australia director Xavier ...