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Showing 9821 - 9830 of 28277 results for "NOT"

Synchron slams RC on commissions

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... we should look at life insurance commissions with a view to bringing them down to zero, unless there is a commercial reason not to. "There is a very obvious commercial reason not to and we will be talking to the Government to explain the Dutch experience ...

APRA could oversee stalled super fund mergers

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... Should such a situation occur, it would be for the trustee to take the necessary steps to ensure that its shareholders did not cause it, the trustee, to be in breach of its obligations." Hayne said the determining question in mergers must be what is ...

Wealth manager appoints former NSW Premier to chair foundation

HARRISON WORLEY  |  WEDNESDAY, 6 FEB 2019
A former NSW Premier will chair a foundation supported by an Islamic superannuation fund. Bob Carr has been appointed as chairman of Crescent Foundation, the charity supported by Islamic superannuation fund Crescent Wealth. The former New South Wales ...

Grandfathered commissions deadline challenging: AFA

JAMIE WILLIAMSON  |  WEDNESDAY, 6 FEB 2019
The removal of grandfathered commissions by 2021 is not as simple as it sounds, according to the Association of Financial Advisers. Acknowledging the recommendation and subsequent announcement of a deadline for removal by Government was inevitable ...

Australians prioritise car cover over life insurance

KARREN VERGARA  |  WEDNESDAY, 6 FEB 2019
... effort to take out life insurance, comparison website Finder found in its latest survey. Of the total 2013 participants who do not have a life insurance policy, the main barriers to obtaining life insurance is cost, they said. Finder insurance specialist ...

Chief economist update: RBA still in denial

BENJAMIN ONG  |  WEDNESDAY, 6 FEB 2019
... information". This is because "available information" on the Australian economy points to at least a change in stance to neutral, if not an outright reduction in interest rates. I've already listed them in my piece, " Anatomy of an RBA rate cut " ...

Royal Commission sobering and overdue: Labor

DARREN SNYDER  |  TUESDAY, 5 FEB 2019
... submitting legislation to parliament that would have bipartisan support. "This is the Royal Commission Scott Morrison did not want you to see. This is the report Scott Morrison never wanted delivered. Today is the day that Scott Morrison and his entire ...

Platforms steady after Royal Commission

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... banks, AMP and IOOF can breathe a sigh of relief after the Royal Commission's final report. Commissioner Kenneth Hayne did not recommend either structural separation or wider approved product lists. And this could slow down the adviser migration ...

Institutions respond to Royal Commission, make commitments

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... report, with the Commissioner noting CBA had been confronted directly about why it had conduct and compliance issues in a manner not shared by its contemporaries. "I was persuaded that Mr Comyn...is well aware of the size and nature of the tasks that ...

ASIC enforcement must get tough: Commissioner

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... Commission final report said. Commissioner Kenneth Hayne said when ASIC identifies misconduct, its starting point should be "why not litigate?" instead of the "negotiate" tack the regulator has traditionally taken. Compliance is not "voluntary" and the ...