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Showing 791 - 800 of 1257 results for "Royal Commission"

Game over for grandfathered commissions

JAMIE WILLIAMSON  |  THURSDAY, 10 JAN 2019
... likely have the effect of reducing the fees currently paid by members of some retail products." Referencing the Royal Commission, the Productivity Commission said grandfathered commissions promote conflict, increasing the potential for misconduct and ...

The problem the Productivity Commission is trying to fix

ALEX DUNNIN  |  THURSDAY, 10 JAN 2019
... system appears to operate more in favour of the industry itself is particularly damaging. Coming on top of the Royal Commission inquiry, the financial advice FASEA reforms and controversial Federal Court rulings that will redefine financial advice, the ...

Platform fee disclosures overlooked: ISA

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
Industry Super Australia welcomed ASIC's proposed fee transparency disclosure changes but pointed out that several areas fell short and failed to address ongoing issues. In response to Consultation Paper 308, ISA said one of Darren McShane's ...

Regulators in Productivity Commission firing line

HARRISON WORLEY  |  THURSDAY, 10 JAN 2019
... Commission's final report said that as a result, the regulators had reduced accountability, and pointed to the Royal Commission to highlight how the watchdogs were "missing in action" when it came to strategic conduct regulation. The report's ...

ASFA, ISA, FSC weigh in on the final report

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
... issues that need to be addressed. "The Government will carefully consider the recommendations and will await The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry's Final Report before finalising our ...

Simpler fee disclosure on ASIC agenda

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
... superannuation products are held through platforms," AIST chief executive Eva Scheerlinck said. Scheerlinck added the Royal Commission highlighted serious problems with fees and costs for these products, including fees for no service and fees charged ...

Hiring continues but wage growth under pressure

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
The Royal Commission inquiry and the state of the property market has not dampened the financial services sector's positive hiring intentions over the next three months, recruitment firm ManpowerGroup says, but there are challenges. The finance, insurance ...

TAL and Zurich lead inflows, CommInsure lags: Strategic Insights

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
... country's major insurers. CommInsure experienced the largest decline in customers leaving as the sixth round of the Royal Commission unfolded in September 2018. Strategic Insights found that only two life insurers posted outflows in individual lump ...

Andrew Hagger to lead investment, philanthropy group

JAMIE WILLIAMSON  |  WEDNESDAY, 9 JAN 2019
... officer of consumer banking and wealth management. His departure followed his appearance at the fifth round of the Royal Commission in August. Commenting on his appointment, Hagger said: "I look forward to working with the team and in particular serving ...

ASIC to examine super fund and employer connections

HARRISON WORLEY  |  TUESDAY, 8 JAN 2019
... protecting the retirement savings of workers who do not nominate a specific superannuation fund. Last year, the Royal Commission heard of super funds incorrectly charging members for advice services they didn't use, and instances of fee rebates not being ...