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Showing 901 - 910 of 1691 results for "Royal"

Grandfathered commissions to be banned

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
Grandfathered commissions will be banned from 1 January 2021. Responding to the release of the Royal Commission's final report, Treasurer Josh Frydenberg has confirmed the payment of grandfathered commissions will be outlawed. Further, from 1 January ...

Hayne recommends new regulatory overseer

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
The Royal Commission final report recommends the roles of ASIC and APRA be adjusted when it comes to superannuation oversight. A new independent body will also oversee the regulators. Releasing his final report into Misconduct in the Banking, Superannuation ...

Ongoing service arrangements should be tightened: Hayne

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
... arrangements has been recommended by Commissioner Kenneth Hayne to combat fees for no service conduct. The final report of the Royal Commission has recommended ongoing fee arrangements should be renewed annually by clients. There is currently no requirement ...

Former ACCC chair will lead APRA capability review

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... Consumer Commission chairman to lead a capability review of the Australian Prudential Regulation Authority. Responding to the Royal Commission's final report into Misconduct in the Banking, Superannuation and Financial Services Industry, Treasurer ...

Royal Commission principles not simply an add-on

DARREN SNYDER  |  MONDAY, 4 FEB 2019
A set of ideas or principles aligned to community standards resulting from the financial services Royal Commission must not be solely grafted as optional extras for better business profits, an ethics specialist believes. The Ethics Centre executive ...

Hiring outlook subdued: Poll

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... raises and more opportunities, as companies rush to fill in compliance and remediation roles created as a result of the Royal Commission. "Another major trend this half will be the continued movement of technically skilled wealth management professionals ...

Commonwealth FP fails to meet EU obligations

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
Hours before the final report from the Royal Commission goes public, Commonwealth Financial Planning has been ordered by ASIC to stop charging ongoing service fees. It is also barred from entering any new ongoing service arrangements with customers. ...

Chief economist update: Time for an RBA shift to neutral

BENJAMIN ONG  |  MONDAY, 4 FEB 2019
... uncertainty over the upcoming Federal election and, of course, the repercussions of the findings and recommendations of the royal commission on banking malfeasance. As the saying close, "It's too late to shut the stable door after the horse has bolted". ...

Royal Commission to suppress bank stocks

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... investors not to expect the major banks to trade at the premium they've been accustomed to. And the financial services Royal Commission's final report, due today, will play its part. The major banks have experienced numerous earnings downgrades ...

MLC drops wrap and super admin fees

DARREN SNYDER  |  TUESDAY, 29 JAN 2019
... competitive fees, and our products and services are meeting their changing needs.'' The fee cuts are also arriving before the Royal Commission's final report; and during an ongoing ASIC and MLC civil case in the Federal Court over separate fees-for-no-service ...