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Showing 831 - 840 of 1257 results for "Royal Commission"

Asset manager consolidation top of mind for HNWIs

DARREN SNYDER  |  WEDNESDAY, 28 NOV 2018
... demonstrating complex conflict of interest challenges for advisers." "Senior leaders acknowledged recently in the Royal Commission that robo-advice services, with hardened process orchestration, may be necessary to ensure increasingly strict regulatory ...

Miscalculations delay remediation, more issues emerge: AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 28 NOV 2018
AMP has issued a clarifying statement following interim chief executive Mike Wilkins' testimony to the Royal Commission that the fees-for-no-service issue was initially expected to cost $1.2 billion and take nine years to remedy. He also flagged ...

ANZ lambasted for breach reporting delays

KARREN VERGARA  |  WEDNESDAY, 28 NOV 2018
ANZ is the slowest and an "outlier" among the major banks to report significant breaches, the Royal Commission heard this morning. ANZ chief executive Shayne Elliott couldn't justify why the bank took 213 days to report significant breaches (despite ...

FS Power50 names most influential advisers in 2018

STAFF WRITER  |  WEDNESDAY, 28 NOV 2018
... financial advisers, all 23,000 of them, to become the country's largest group of influencers." Following the Royal Commission inquiry, there has never been a better time to acknowledge those who are striving to lift the professionalism of the industry ...

Culture dominates shareholder engagement

KARREN VERGARA  |  TUESDAY, 27 NOV 2018
As the Royal Commission sharpens its focus on accountability and corporate culture, an institutional investor says these two issues will now shape conversations with boards more than ever. SSGA senior managing director Susan Darroch said the significant ...

Should banks fund customer litigation?

HARRISON WORLEY  |  TUESDAY, 27 NOV 2018
NAB chair Ken Henry openly asked the Royal Commission whether the bank should fund customer litigation against itself. Remerging at the Royal Commission, NAB's plan service fee issue became a focal point of discussion between the bank's chair and counsel ...

Advice group rebuilds following regulatory headwinds

DARREN SNYDER  |  MONDAY, 26 NOV 2018
... superannuation rules and APRA policy moves to rein in residential property lending, as well as the financial services Royal Commission, have amplified a restructure of its salaried adviser business. Cullen said Spring FG will also be scaling back its ...

Overhaul executive remuneration: Poll

KARREN VERGARA  |  MONDAY, 26 NOV 2018
... executives are remunerated following insight into how CBA remunerated its executives at the financial services Royal Commission. Eighty-nine percent of respondents in our recent spot poll want to see remuneration structures aligned to better customer ...

Vertical integration not to blame

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
... business models in the wealth management arms of banks was not the reason for the industry misconduct exposed in the Royal Commission. In their responses to Commissioner Kenneth Hayne's interim report, Australia's big four banks - as well as AMP and ...

Wealth an unnecessary failure: Thorburn

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
... be like that but I think it has probably been like that." Thorburn's admission comes at the end of a difficult Royal Commission for the bank, which revealed it tried to find ways to retain plan service fees it charged to superannuation members, despite ...