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Showing 941 - 950 of 1257 results for "Royal Commission"

Freedom sold life insurance to intellectually disabled man: Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 12 SEP 2018
... intellectually disabled man, and only cancelled the policy after several instances of correspondence with his family, the Royal Commission heard yesterday. Giving testimony at the second day of life insurance hearings, Grant Stewart told the Commission ...

Unlisted property returns surpass equities: Research

KARREN VERGARA  |  TUESDAY, 11 SEP 2018
... unlisted property remained positive. "While the detail is unknown for now, we're anticipating one outcome from the Royal Commission will be the detangling of vertically integrated models which may create a more level playing field for non-bank aligned ...

ClearView breached anti-hawking law 300k times

KARREN VERGARA  |  MONDAY, 10 SEP 2018
The sixth round of the financial services Royal Commission heard ClearView's direct life insurance business breached anti-hawking provisions up to 303,000 times. The figure has ballooned from the 278,664 originally reported to the Commission, according ...

Life insurers admit to misconduct: Royal Commission

HARRISON WORLEY  |  MONDAY, 10 SEP 2018
This morning the Royal Commission heard about instances of misconduct in the life insurance industry and where conduct fell below community standards and expectations. Opening the sixth round of Royal Commission hearings, counsel assisting Rowena Orr ...

Australian retirement outcomes among the best

HARRISON WORLEY  |  FRIDAY, 7 SEP 2018
... among the best in the world. "Australians should be proud of our ranking," Hambly said. However, Hambly said the Royal Commission showed there was still room for improvement. "Despite the country's good results overall, revelations from the Royal Commission ...

New code should apply to all: ABA

HARRISON WORLEY  |  FRIDAY, 7 SEP 2018
... licence." Noting the association expected further changes to be made to banking following the final report of the Royal Commission, Bligh said all lenders should have to adopt the same standards to ensure industry consistency. The Customer Owned Banking ...

ASIC to ramp up trustee visits

KARREN VERGARA  |  FRIDAY, 7 SEP 2018
... new Superannuation Consumers' Centre gets up and running. While it's easy to get caught up in the fact that the Royal Commission focused more on retail super funds, Eccleston reminded all trustees that it's not about whose behaviour is better than the ...

Life insurer undertakes strategic review

JAMIE WILLIAMSON  |  THURSDAY, 6 SEP 2018
In the lead up to an appearance at the Royal Commission, an ASX-listed life insurer has announced it is undertaking a strategic review. Freedom Insurance Group said the decision to assess its options was spurred by the release of ASIC's review into ...

Increasing trust not up to APRA: Byres

HARRISON WORLEY  |  THURSDAY, 6 SEP 2018
... the Annual Risk Management Association CRO conference in Sydney this week, APRA chairman Wayne Byres said the Royal Commission brought many well-known industry issues before the eyes of the public for the first time. Byres said a miscalculation of the ...

Trustees caught in a balancing act

KARREN VERGARA  |  THURSDAY, 6 SEP 2018
The financial services Royal Commission exposed substantial breaches of fiduciary duties that show superannuation trustees have to lift their game and improve governance standards, a legal expert says. Holding Redlich partner Paul Faure told the AIST ...