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Search ResultsShowing 71 - 80 of 100+ results for "Royal Commission"
AMP deed of release bars advisers joining class action
ELIZABETH MCARTHUR  |  MONDAY, 7 SEP 2020
... reset AMP's commercial terms was difficult but necessary given the recent changes to legislation following the Royal Commission resulting in significant economic changes and disruption across the industry. This includes the removal of grandfathered commissions ...
Count Financial faces class action
ANNABELLE DICKSON  |  FRIDAY, 4 SEP 2020
... to 21 August 2020. The class action has come off the back of Count Financial's misconduct revealed in the Royal Commission and alleges it contravened obligations owed to clients when taking commissions from product issuers or clients. Piper Alderman ...
Banks to be questioned on COVID-19 response
ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... COVID-19, the hearings will examine the four major banks' progress in implementing the recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. "The committee will scrutinise the banks on ...
AMP does not treat advisers fairly: Poll
ELIZABETH MCARTHUR  |  TUESDAY, 1 SEP 2020
... businesses in the financial planning industry have faced a great deal of turmoil in the aftermath of the Banking Royal Commission, with hundreds of planners bearing the brunt of brutal restructures and fire sales by banks and wealth funds," ombudsman ...
Advice group flees MLC after IOOF takeover
ANNABELLE DICKSON  |  TUESDAY, 1 SEP 2020
... just being part of a large group that sparked the shift but also the uncertainty of financial advisers after the Royal Commission and as a small business owner HFM & Partners needs certainty with their clients' portfolios. "We need to do what is ...
ASIC names operations, risk leads
KARREN VERGARA  |  MONDAY, 31 AUG 2020
... resumed many of its projects that were temporarily disrupted; particularly work that pertains to the banking Royal Commission recommendations. In the financial advice sector, ASIC will continue to identify unlicensed advice and take "swift action," against ...
Advice disciplinary body delayed
KARREN VERGARA  |  FRIDAY, 28 AUG 2020
... not see its slated January 2021 launch. Instead, the disciplinary body as recommended by the financial services Royal Commission, is set to be up and running in mid-2021, Hume told the Stockbrokers and Financial Advisers Association Virtual Conference ...
Challenges on the horizon for CountPlus
ANNABELLE DICKSON  |  FRIDAY, 28 AUG 2020
... financial year as chief executive Matthew Rowe said Count Financial will be faced with the consequences of the Royal Commission including the mandatory rollback of grandfathered rebates and platform commissions paid to licensees. Ahead of the changes ...
APRA issues new licence conditions on NULIS
ELIZABETH MCARTHUR  |  THURSDAY, 27 AUG 2020
... provisions. The new directions and licence conditions follow an investigation into matters at NULIS uncovered by the Royal Commission. The Royal Commission formed the view that NULIS' decisions in regards to moving certain groups of members into ...
Sam Henderson pleads guilty
ELIZABETH MCARTHUR  |  TUESDAY, 25 AUG 2020
... claim that he had a Master of Commerce. Henderson was the subject of a case study on bad financial advice at the Royal Commission and was subsequently banned from providing financial services for a period of three years. During the Royal Commission ...