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Showing 921 - 930 of 1257 results for "Royal Commission"

Super funds call for grandfathering ban

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
... sanctions on those that fail to act in the best interests of members. In its submission to the financial services Royal Commission, the Association of Superannuation Funds of Australia noted that trailing commissions paid to financial planners can provide ...

Royal Commission tables life insurance policy questions

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
Numerous policy questions that arose from the life insurance round of the Royal Commission could shake up the direct life insurance segment and potentially ban conflicted remuneration in risk products. The document, released yesterday, questions the ...

Make sure you have cash: Geoff Wilson

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
... don't see any major threats. This is partly because banks are "pre-empting the changes" that may come out of the Royal Commission. WAM laid out three examples of this: banks are already divesting their wealth business to move away from vertical integration ...

AFA rejects criticism over grandfathered commissions

JAMIE WILLIAMSON  |  WEDNESDAY, 26 SEP 2018
The Association of Financial Advisers used a submission to the Royal Commission to hit back at suggestions the advice industry has not adequately responded to the prevalence of grandfathered commissions. Citing historic government media releases and ...

CommInsure, TAL engaged in troubling conduct: Royal Commission

KARREN VERGARA  |  MONDAY, 24 SEP 2018
In closing the sixth round of the Royal Commission, counsel assisting found that CommInsure, TAL and Rest may have engaged in conduct that fell below community standards after hearing "troubling" evidence from various case studies. CommInsure and Colonial ...

Royal Commission hears industry fund admitted wrongdoing to ASIC

HARRISON WORLEY  |  MONDAY, 24 SEP 2018
... Superannuation Industry (Supervision) Act (SIS Act) in a breach report filed with ASIC on the penultimate day of the Royal Commission's sixth round of hearings. Making his closing statement on the final day of the Commission's insurance hearings (Friday) ...

Give life code a chance, Loane tells Royal Commission

HARRISON WORLEY  |  FRIDAY, 21 SEP 2018
... handling in the Corporations Act to using "a sledgehammer to crack a nut." Appearing before the financial services Royal Commission on the final day of its Round Six hearings into insurance, Loane said the FSC would like the second iteration of its life ...

Retirement living advice is an opportunity: Challenger Financial Standard Technical Services Forum

KARREN VERGARA  |  FRIDAY, 21 SEP 2018
On the back of the aged care Royal Commission recently announced, financial advisers should delve deeper into the retirement living conversation with clients, according to a technical services expert. Speaking at yesterday's Challenger Financial ...

AFA launches consumer advice expo

JAMIE WILLIAMSON  |  THURSDAY, 20 SEP 2018
... advice is and what good advice looks like. Consumers are often too embarrassed or, given recent events like the Royal Commission, too wary to seek help, AFA president Marc Bineham said. "Over the course of the year we have also received a lot of feedback ...

Frydenberg appoints second APRA deputy chair

HARRISON WORLEY  |  TUESDAY, 18 SEP 2018
... to enforce the law and improve community confidence in the industry. Recently APRA came under scrutiny at the Royal Commission, as counsel assisting Michael Hodge questioned whether APRA and ASIC adequately addressed the problematic cultures of superannuation ...