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Showing 871 - 880 of 1257 results for "Royal Commission"

Enforceable undertakings are effective: Research

KARREN VERGARA  |  FRIDAY, 26 OCT 2018
Despite receiving a bad rap for being ineffective during the financial services Royal Commission, new research finds the majority of enforceable undertakings deter future misconduct. This is according to a joint study conducted by ASIC and the University ...

The rise of challenger banks in Australia: SIBOS

MICHELLE BALTAZAR  |  THURSDAY, 25 OCT 2018
... the three challenger banks spoke about how changing customer needs, fintech and - for the local market - the Royal Commission will change the way people transact in the next five years. The trends they've discussed could mark a change in the way ...

Digital advice engagement spikes for super members

KARREN VERGARA  |  THURSDAY, 25 OCT 2018
... better retirement," the report said. It pointed out the spike in engagement could also be due to the effect of the Royal Commission into Misconduct in Banking, Superannuation and Financial Services. Decimal chief executive Damon Watkins said this year's ...

Argo Investments attacks Labor franking policy

HARRISON WORLEY  |  MONDAY, 22 OCT 2018
... 2019 fast approaching the firm told investors Argo would potentially harbour concerns about outcomes from the Royal Commission, as well as Australia's softening housing market, tighter credit and the upcoming Federal election. In the face of those potential ...

Post Royal Commission change is all talk: Shipton

JAMIE WILLIAMSON  |  MONDAY, 22 OCT 2018
Despite the revelations of the Royal Commission, ASIC is still experiencing deliberate delays from financial institutions in meeting reporting requirements. On Friday, ASIC chair James Shipton told the Parliamentary Joint Committee on Corporations and ...

Revised penalties come down hard on white collar crime

HARRISON WORLEY  |  MONDAY, 22 OCT 2018
... week, hoping to strengthen sanctions for corporate and financial sector misconduct. It comes in a year when the Royal Commission has highlighted financial services organisations often engaging in misconduct, despite the existence of legislation outlawing ...

TAL slashes jobs, cuts outbound sales

JAMIE WILLIAMSON  |  FRIDAY, 19 OCT 2018
... addition to ASIC's review of direct insurance, the move also follows recent scrutiny of such practices by the Royal Commission. Following an appearance by TAL's general manager of claims Loraine van Eeden, the insurer was slammed for bullying ...

Afterpay faces senate inquiry

KARREN VERGARA  |  FRIDAY, 19 OCT 2018
... vultures" and companies that operate on a "buy now, pay later" model. The motion comes off the back of the Hayne Royal Commission that excluded other financial services providers from its terms of reference, she said. "Labor wants to ensure that Australians ...

NAB still unclear on true impact of misconduct

KANIKA SOOD  |  FRIDAY, 19 OCT 2018
... million. This week, it topped up its provisions by $314 million, flagging there could be potential for more. In the Royal Commission interim report it admitted it was investigating other circumstances where plan service fees or adviser service fees could ...

Adviser-client relationships not swayed by RC

JAMIE WILLIAMSON  |  THURSDAY, 18 OCT 2018
About 56% of consumers and more than a third of SMEs feel the revelations of the Royal Commission have had no impact on the way they interact with their financial adviser. New research from MetLife shows the Royal Commission has had no impact on the ...