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Showing 801 - 810 of 1691 results for "Royal"

APRA warns trustees on expectations

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAR 2019
In a letter to trustees APRA has clearly outlined expectations following the Royal Commission. The letter, from APRA deputy chairwoman Helen Rowell, said that the Royal Commission was a pivotal point for the financial services sector - including the ...

Finance sector hiring outlook weakens

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAR 2019
... the finance, insurance and real estate sector have remained positive despite the fears many held about the impact of the Royal Commission into Banking. "Furthermore, the forthcoming federal election is a likely cause for pause for some businesses, as ...

ClearView defends risk advice commissions

KARREN VERGARA  |  TUESDAY, 26 MAR 2019
... commission thereafter. From 1 January 2020, the cap reduces to 60%, with a 20% trailing commission thereafter. In releasing the Royal Commission final report in February, Hayne proposed to shrink caps of 20-60% further when it reviews the impact of the ...

NAB ends introducer payments

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAR 2019
... executive Philip Chronican said ending "introducer" payments was part of NAB's ongoing efforts to be a better bank following the Royal Commission. He said: "Through the Royal Commission we heard clearly that our actions need to meet the expectations ...

Regulators receive pre-Budget funding boost

HARRISON WORLEY  |  MONDAY, 25 MAR 2019
... million, which Frydenberg said will be in support of an accelerated enforcement strategy; expanded regulation following the Royal Commission's recommendations; enhanced on-site supervision of larger institutions; and the regulator's new role as the primary ...

New ethics test for bankers

KANIKA SOOD  |  MONDAY, 25 MAR 2019
... better time to launch the "IntegrityMatters" program with conduct and decision-making being placed under the microscope post Royal Commission," Whitehead said. "FINSIA introduced this workshop to Australia during 2018 and a number of major financial ...

Barefoot Investor boosts Rest indexed options demand

KARREN VERGARA  |  FRIDAY, 22 MAR 2019
... superannuation is on the precipice of improving member engagement - but can only do so with the help of technology. While the Royal Commission and Productivity Commission have helped fuel members to take action with their super, it is technology that ...

UBS fined $51m for reporting breaches

KARREN VERGARA  |  THURSDAY, 21 MAR 2019
... fined 12 other firms for MiFID transaction reporting breaches. They are: Merrill Lynch International, Deutsche Bank AG, Royal Bank of Scotland, James Sharp & Co, Plus500UK, City Index, Societe Generale, Commerzbank AG, Instinet Europe, Getco Europe ...

AMP scraps bonuses

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAR 2019
... must be accompanied by consequence management for misconduct." AMP suffered a 97% drop in full year profit following the Royal Commission, setting aside millions for customer remediation. Murray included a vote of confidence for AMP's new chief executive ...

AFA takes red pen to Hayne report

HARRISON WORLEY  |  WEDNESDAY, 20 MAR 2019
The Association of Financial Advisers has stepped up its opposition to the Royal Commission's final report, claiming the inquiry failed to acknowledge the value of advice. In a paper released by the association this week, AFA general manager policy ...