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Showing 951 - 960 of 1257 results for "Royal Commission"

No time for complacency: AIST

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... trustees and independent directors - are unable to protect members from fee gouging and other misconduct. The Royal Commission has been a "damning indictment" on for-profit funds that have engaged in 150 separate cases of misconduct, she said. Even the ...

APRA to reopen old wounds for CBA, IOOF

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
APRA will dig its heels into a list of concerns magnified in the Royal Commission into superannuation that mainly involve IOOF, CBA and Suncorp. In response to the preliminary findings concluding the fifth round, APRA said the Commission unearthed new ...

Federal oversight of financial services sector clarified

JAMIE WILLIAMSON  |  TUESDAY, 4 SEP 2018
... Government has confirmed who will be responsible for the financial services sector, including responding to the Royal Commission. Despite the ongoing Royal Commission and continued uncertainty within the sector, last month's Liberal Party leadership ...

IFM Investors return fees to investors

KANIKA SOOD  |  TUESDAY, 4 SEP 2018
... sit at $869.5 million. IFM managed to grow its pre-tax profit margin to 25% and at the time Himbury said he saw Royal Commission as an opportunity. At the Royal Commission, AustralianSuper head of mid-risk portfolios Jason Peasley was grilled on the ...

VicSuper among top pension funds, others climb

KANIKA SOOD  |  TUESDAY, 4 SEP 2018
... diversify and pay attention to governance to meet good returns, he added. "We need to look at governance. The Royal Commission has illustrated a number of shortcomings within the Australian system and how funds have operated," Newfield said. Improving ...

Linear pushes MGP into the red

KARREN VERGARA  |  MONDAY, 3 SEP 2018
... the stockbroking and financial advisory market," he added. Sharp said the fallout from the financial services Royal Commission is expected to result in a continued movement of advisers from the big banks to non-aligned advisory firms. As an independent ...

FSC responds to direct life insurance findings

KARREN VERGARA  |  FRIDAY, 31 AUG 2018
... concerns about appropriate cover, they should contact a financial adviser," the FSC said. The sixth round of the Royal Commission will examine the current regulatory regime for the insurance industry, calling the Financial Services Council, Code Governance ...

Direct life insurance failing consumers: ASIC

KARREN VERGARA  |  THURSDAY, 30 AUG 2018
... outbound sales of life and funeral insurance, in order to protect consumers," he said. The sixth round of the Royal Commission will examine issues associated with the sale and design of life insurance products. The Commission's background papers citing ...

Boutique grows to meet managed accounts demand

HARRISON WORLEY  |  THURSDAY, 30 AUG 2018
... investment team. Quilla director Andrew Connors said managed accounts would continue to grow on the back of the Royal Commission. "The Royal Commission is highlighting the need for advisory groups to have the freedom to comply with the 'best interest' ...

Future Fund delivers 9.3%, increases risk moderately

KANIKA SOOD  |  WEDNESDAY, 29 AUG 2018
... increased. In a media briefing this morning, the pair also fielded questions on a range of issues including the Royal Commission, changes to tax credits for franking dividends, and rate rises. "[Franking credits]are a very valuable thing for the Future ...