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Showing 71 - 80 of 1256 results for "Royal Commission"

AMP shareholder class action settlement slashed

KARREN VERGARA  |  MONDAY, 9 OCT 2023
... class action, which combined several lawsuits following revelations of the firm's misconduct during the Hayne Royal Commission, alleged that AMP failed to disclose critical market information that could have affected the share price. This included charging ...

Adviser registration deadline extended again

KARREN VERGARA  |  WEDNESDAY, 20 SEP 2023
... capital raisings. Mandatory adviser registration was a recommendation that stemmed from the Financial Services Royal Commission.

Government passes FAR legislation

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
... leaders of super funds, banks, insurers, and other APRA-regulated entities at the culmination of the Banking Royal Commission. BEAR was first proposed on 4 February 2019 as part of the former Liberal government's response to the Royal Commission. ...

Integrity Life to cease writing new retail policies

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2023
... in March 2019, with then-chief executive Chris Powell claiming it was "the good news story" to come out of the Royal Commission, free from the "legacy issues" faced by the large incumbents.

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... shareholders due to a violent drop in share price following allegations of misconduct by the Financial Services Royal Commission. Most of the $110 million settlement will come from AMP's available insurance proceeds. However, AMP said that it makes "no ...

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
... put to bed a class action relating to fee for no service scandals and misleading regulators as exposed by the Royal Commission but claims no responsibility in settling for $110 million. The class action filed in June 2018, affected AMP shareholders whose ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... that most people who invest in these products lose their money and that those losses are substantial." After the Royal Commission, the government introduced a comprehensive set of new laws aimed at safeguarding consumers and investors, particularly in ...

Trustees to disclose more remuneration details

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
... shine a light on the impact of risk failures and bad behaviour on remuneration outcomes. "The financial services Royal Commission demonstrated conclusively how poorly designed and executed remuneration frameworks can lead to bad outcomes for the community ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
... complaints received by AFCA relating to advice is reflective of the maturity of the industry, in particular post-Hayne Royal Commission," Singh said. "Over the past few years, AFSLs have come to see dispute resolution as an essential part of the system ...

CFS settles super fees class action

JAMIE WILLIAMSON  |  FRIDAY, 14 JUL 2023
... products with lower fees and where commissions were not paid, but this did not happen until 2019 and 2020. The Royal Commission revealed that since 2013, CFS had paid about $400 million in commissions to financial advisers and their licensees. Slater ...