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Showing 891 - 900 of 1257 results for "Royal Commission"

A question of ethics

JAMIE WILLIAMSON  |  THURSDAY, 11 OCT 2018
The Royal Commission could have been avoided if one simple question had been asked: Does this feel right? Reinforcing closing remarks from the HIH Royal Commission in 2003, The Ethics Centre senior adviser Trent Moy said it is groupthink that reinforces ...

Royal Commission an opportunity: Anderson

JAMIE WILLIAMSON  |  THURSDAY, 11 OCT 2018
Financial advice businesses must use the Royal Commission as an opportunity to reflect on whether they have an acceptable culture and right approach to risk management. Speaking as part of a panel session at the Association of Financial Advisers' National ...

APRA will rethink how it assesses risk: Byres

KANIKA SOOD  |  THURSDAY, 11 OCT 2018
... APRA chair Wayne Byres says the regulator will "clearly need to reflect" on the way it thinks about risk after Royal Commission revelations, but the financial services industry needs to step up to change its culture. "I'm not going to give a full response ...

Perception is everything: Kewin

JAMIE WILLIAMSON  |  WEDNESDAY, 10 OCT 2018
... the public perception of advice to ensure Australians are willing to seek advice going forward. Discussing the Royal Commission, Kewin said it's not enough that advisers and their clients know the failures identified aren't representative of ...

CFA Institute asks FASEA to recognise charterholders

KANIKA SOOD  |  WEDNESDAY, 10 OCT 2018
... the advice industry. CFA Institute chief executive Paul Smith was in Sydney for a briefing that addressed the Royal Commission and its implications for the financial services industry. The association made a submission to the Royal Commission that calls ...

Banks vow to end grandfathered commissions

KANIKA SOOD  |  WEDNESDAY, 10 OCT 2018
... no conflicts for advisers," she said. The ABA's response comes 12 days after Commissioner Hayne released the Royal Commission's interim report. In a media conference that afternoon, Bligh called it the "bank's day of shame." Fees for no service ASIC ...

ANZ compensation bill hits earnings

KARREN VERGARA  |  MONDAY, 8 OCT 2018
... recognise the losses in 2H18 for refunds owed to customers. It also factored in legal costs associated with the Royal Commission of $55 million (pre-tax). These relate to issues that have been identified from reviews to date and such reviews remain ongoing ...

Bank cross-selling success declines: Research

KANIKA SOOD  |  MONDAY, 8 OCT 2018
... 30% of their customers' total spending on financial services products, according to new research. During the Royal Commission, the banks copped criticism for consistently referring existing customers to other product lines within the same institution. ...

Banks to answer for Hayne report

JAMIE WILLIAMSON  |  MONDAY, 8 OCT 2018
... 11, 12 and 19. The hearings will provide an important opportunity to scrutinise the bank chiefs following the Royal Commission, committee chair Tim Wilson said. "Commissioner Hayne's interim report identified incentives in banks against the interest ...

TAL refutes duty of good faith breaches

HARRISON WORLEY  |  THURSDAY, 4 OCT 2018
TAL has refuted claims made by the Royal Commission that it systemically breached its duty of utmost good faith to policyholders when investigating claims. In a submission to the Royal Commission, the group insurer says it did not breach its duty of ...