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Showing 841 - 850 of 1257 results for "Royal Commission"

Royal Commission on social media: Executives grilled

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
As the Royal Commission turned its attention financial services executives this week, commentators took to twitter to have their say. The evidence in the Royal Commission skillfully examined by star QC Rowena ORR is stunning. Board requested former ...

Rice Warner warns against culling value-based advice fees

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... delivering better value and lower cost financial advice, if value-based fees were to be banned following the Royal Commission. Otherwise, the nation's next retiring generation - the baby boomers - might have to rely on the intra-fund advice accessible ...

Royal Commission: ASIC rethinks negotiation tactics

KARREN VERGARA  |  FRIDAY, 23 NOV 2018
... reliant on negotiating resolutions with financial services firms and flagged litigation could take precedence, the Royal Commission heard. Shipton told counsel assisting Rowena Orr that ASIC has "over-utilised" negotiating outcomes for financial misconduct ...

Increase adviser standards sector-wide: FSU

JAMIE WILLIAMSON  |  FRIDAY, 23 NOV 2018
... secretary Julia Angrisano said. The comments follow Westpac chief executive Brian Hartzer's testimony to the Royal Commission in favour of a central registration system for financial advisers. "The Finance Sector Union agrees with Brian Hartzer that ...

Misconduct matters, but stability key for Frydenberg

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
Treasurer Josh Frydenberg said eliminating misconduct was important, but the Government has other considerations to bear when implementing the Royal Commission's final recommendations. Speaking at the Australian Finance Industry Association conference ...

FPA honours top advisers

KARREN VERGARA  |  THURSDAY, 22 NOV 2018
... the profession." Despite the numerous forces at play - education reforms, a new FASEA chief executive and the Royal Commission are among them - De Gori said the good news is that the FPA's membership grew 9% to 14,000 members in the last 12 months. About ...

Aussie banks underestimated difficulties of advice: Hartzer

HARRISON WORLEY  |  THURSDAY, 22 NOV 2018
The Royal Commission heard today that Australia's banks underestimated the amount of change required to make financial planning "work" within their existing businesses. Continuing his appearance at the Royal Commission, Westpac chief executive Brian ...

CBA board ignored key issues in deciding executive pay

KANIKA SOOD  |  WEDNESDAY, 21 NOV 2018
... major scandals besieging the bank when it approved the variable remuneration for its top executives for FY16, the Royal Commission heard. The bank's top executives were paid a fixed pay and variable pay split into long-term and short-term components. ...

Royal Commission puts bonuses on notice

HARRISON WORLEY  |  TUESDAY, 20 NOV 2018
... use of balanced scorecards to determine remuneration. It comes as Australia's biggest bank bosses face the Royal Commission. According to researchers from the university's Applied Finance department, balanced scorecards are a common remuneration ...

Comyn promises personal accountability

KARREN VERGARA  |  TUESDAY, 20 NOV 2018
CBA chief executive Matt Comyn told the financial services Royal Commission how he plans to overhaul the bank that was "once great" under his leadership, but flagged there might be "missteps" along the way. Comyn admitted that the pursuit of financial ...