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Showing 901 - 910 of 1257 results for "Royal Commission"

AMP defends charging dead clients

HARRISON WORLEY  |  THURSDAY, 4 OCT 2018
... its practice of charging premiums to dead life insurance customers in a submission to the financial services Royal Commission. The wealth manager continued to deduct life insurance premiums from a deceased customer, even after AMP has been notified of ...

Labor Government on the cards: Spot poll

KARREN VERGARA  |  THURSDAY, 4 OCT 2018
... attorney-general's department and will oversee the implementation of reforms recommended by the final report of the Royal Commission to ensure that they are delivered swiftly and effectively," she said. In an effort to narrow the retirement savings ...

Freedom drops chief, slashes workforce

KARREN VERGARA  |  WEDNESDAY, 3 OCT 2018
... changes and it will continue to receive admin fees and trailing commissions from current in-force policies. The Royal Commission made a case study out of Freedom during the sixth round, when it was revealed it may have engaged in unconscionable conduct ...

Millennial money changes course after RC

KANIKA SOOD  |  WEDNESDAY, 3 OCT 2018
... millennials are reluctant to consolidate their superannuation or take on risk while investing after six months of Royal Commission revelations, according to new research. Micro-investing platform Raiz Invest found that nearly 58% millennials are either ...

Royal Commission interim report flawed

JAMIE WILLIAMSON  |  WEDNESDAY, 3 OCT 2018
... understanding of financial advice and appears to have ignored submissions on the issues raised throughout the Royal Commission. That is the view of the Association of Financial Advisers which, in responding to the interim report, said the report does ...

Industry fund members more satisfied

KARREN VERGARA  |  TUESDAY, 2 OCT 2018
Despite the flak the superannuation industry has received from the Royal Commission, industry fund members are more satisfied with their fund than retail members. This is according to a survey of 50,000 participants conducted Roy Morgan, which pitted ...

Insurance shake-up puts clients first

KARREN VERGARA  |  TUESDAY, 2 OCT 2018
Round six of the Royal Commission exposed systemic issues across the life insurance value chain and its fledgling code of practice that's yet been powerless to stop unethical behaviour. But industry experts say all hope is not lost. Counsels assisting ...

AMP, banks respond to RC interim report

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
AMP and Australia's big four banks have responded to the Royal Commission's interim report on misconduct in the financial services sector. The report, released on Friday, was scathing in its review of Australia's major players in financial services. ...

A day of shame for Aussie banks: Bligh

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... nothing in this report for banks to be proud of. "Banks understand that many things have been revealed in the royal commission, because of the powers that a commission has that they did not expect" Bligh said. "I think every Australian - including many ...

FSU, FSC respond to interim report

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... are the three major changes needed to clean up the sector. Self-regulation has failed in the sector with the Royal Commission demonstrating the industry is incapable of doing so, Angrisano said. "Our regulatory regime must be refocused so as to be consumer ...