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Showing 881 - 890 of 1691 results for "Royal"

NAB chief executive and chair exit

KARREN VERGARA  |  THURSDAY, 7 FEB 2019
... week, Thorburn said he acknowledges the bank has "sustained damage" as a result of past practices and comments made in the Royal Commission's final report about them. Commissioner Kenneth Hayne lambasted the leadership of Thorburn and Henry, believing ...

NAB calls trading halt

KARREN VERGARA  |  THURSDAY, 7 FEB 2019
... trade on February 8, or when the announcement is released to the market. The bank was singled out in the final report of the Royal Commission released on February 4. Commissioner Kenneth Hayne criticised the leadership of chief executive Andrew Thorburn ...

AFCA appoints new ombudsman

DARREN SNYDER  |  THURSDAY, 7 FEB 2019
... chief ombudsman David Locke said: "AFCA recognises the importance of small businesses and the final report from the Hayne Royal Commission clearly demonstrates how devastating it can be when they have financial disputes that are not fairly resolved." ...

Freedom Insurance suspends trading

KARREN VERGARA  |  THURSDAY, 7 FEB 2019
... to provide such an announcement and cannot specify when it will be able to do so. Following a bruising appearance at the Royal Commission, Freedom announced it will overhaul its business model and stop selling life insurance products. It warned shareholders ...

Synchron slams RC on commissions

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
The Royal Commission's recommendations to cull commissions are causing advisers some concern, according to Synchron director Don Trapnell. On Monday, Commissioner Kenneth Hayne formally recommended an end to grandfathered commissions, and asked government ...

CBA posts $4.6b in profits, dividend flat

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... on remediating banking customers on package fees, and interest and remediation. CBA's stock jumped on Tuesday, as the Royal Commission's final report delivered after market close on Monday stayed away from recommending an end to vertical inte ...

APRA could oversee stalled super fund mergers

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
The financial services Royal Commission has suggested APRA's proposed new powers could be used to address stalled super fund mergers. The Parliament is currently waiting to pass a number of changes to the Superannuation Industry (Supervision) Act (SIS ...

Grandfathered commissions deadline challenging: AFA

JAMIE WILLIAMSON  |  WEDNESDAY, 6 FEB 2019
... AFA general manager of policy and professionalism Phil Anderson believes the timeline is problematic. Responding to the Royal Commission's final report, Treasurer Josh Frydenberg announced payment of grandfathered commissions will be banned as of 1 January ...

Royal Commission sobering and overdue: Labor

DARREN SNYDER  |  TUESDAY, 5 FEB 2019
... will establish a Treasury taskforce to help implement all of the recommendations from the banking and financial services Royal Commission. Responding immediately after the public release of the Royal Commission's final report, Bowen said it was a document ...

Platforms steady after Royal Commission

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
Platforms at the big four banks, AMP and IOOF can breathe a sigh of relief after the Royal Commission's final report. Commissioner Kenneth Hayne did not recommend either structural separation or wider approved product lists. And this could slow ...