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Showing 811 - 820 of 1691 results for "Royal"

Royal Commission will guide remuneration standard: APRA

DARREN SNYDER  |  WEDNESDAY, 20 MAR 2019
What APRA learned from its prudential inquiry into Commonwealth Bank, and the Royal Commission, will help shape its updated and soon-to-be released standard on remuneration. APRA executive general manager, policy and advice, Pat Brennan told an industry ...

ABA moves to protect vulnerable customers

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAR 2019
... telling their bank if they are experiencing vulnerability. ABA chief executive Anna Bligh said: "There is no doubt that the Royal Commission showed that banks need to lift their game when it comes to vulnerable customers, particularly in the design of ...

UK to introduce new pension scheme

KANIKA SOOD  |  TUESDAY, 19 MAR 2019
... government said. The new scheme was proposed last year after the UK's Communication Workers Union (CWU) reached a deal with Royal Mail, the 500-year-old postal delivery service. CWU has close to 200,000 active members working in telephone, cable, DSL ...

Indigenous super access needs improvement

KARREN VERGARA  |  TUESDAY, 19 MAR 2019
... no reason not to have such practices and procedures carried out by trained staff. One of Hayne's recommendations in the Royal Commission final report is for the Australian Banking Association to amend its code so that if a customer identifies as an ATSI ...

Industry fund executive takes new role

HARRISON WORLEY  |  TUESDAY, 19 MAR 2019
... last few years have seen an unprecedented pace of legislative and regulatory change, and the Productivity Commission and Royal Commission final reports look set to increase that pace even further," Rowe said. "Our members' best interests are always at ...

Codes of conduct to be made enforceable

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
The Federal Government has responded to the recommendation from the Royal Commission that financial service industry codes of conduct should be enforceable by ASIC. The Treasury released a consultation paper addressing this point from Hayne's report ...

IOOF faces class action

KANIKA SOOD  |  MONDAY, 18 MAR 2019
... May 2015 and 6 December 2018 are signed up by default. They will have the choice to opt-out later. It follows IOOF's Royal Commission appearance last year, where its subsidiaries gave evidence on breaches of their duties as superannuation trustees. ...

Zero tolerance approach to poor culture needed

KARREN VERGARA  |  MONDAY, 18 MAR 2019
... Major Super Funds (CMSF) via video link, took a simplistic yet tough approach to solving the culture crises exposed by the Royal Commission. Treasurer Josh Frydenberg appointed Samuel in February to lead a capability review into APRA in response to the ...

TAL goes back-to-back at AFA awards

HARRISON WORLEY  |  MONDAY, 18 MAR 2019
... products. Strategic Insight regional managing director Rael Soloman said trends in the life industry have continued, noting the Royal Commission's impacts have not yet made their way into the figures. "Market reporting on the life insurance industry ...

Benchmark APRA against global counterparts: Treasury

KANIKA SOOD  |  FRIDAY, 15 MAR 2019
... undertake regular capability reviews of APRA starting in 2019. This came on the back of recommendations made by both the Royal Commission and the Productivity Commission. The first APRA capability review has now commenced, with a three-person panel appointed ...