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Showing 981 - 990 of 1691 results for "Royal"

Vertical integration not to blame

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
... integrated business models in the wealth management arms of banks was not the reason for the industry misconduct exposed in the Royal Commission. In their responses to Commissioner Kenneth Hayne's interim report, Australia's big four banks - as well ...

Wealth an unnecessary failure: Thorburn

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
... didn't need to be like that but I think it has probably been like that." Thorburn's admission comes at the end of a difficult Royal Commission for the bank, which revealed it tried to find ways to retain plan service fees it charged to superannuation ...

Royal Commission on social media: Executives grilled

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
As the Royal Commission turned its attention financial services executives this week, commentators took to twitter to have their say. The evidence in the Royal Commission skillfully examined by star QC Rowena ORR is stunning. Board requested former ...

Rice Warner warns against culling value-based advice fees

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... "innovative" models delivering better value and lower cost financial advice, if value-based fees were to be banned following the Royal Commission. Otherwise, the nation's next retiring generation - the baby boomers - might have to rely on the intra-fund ...

Royal Commission: ASIC rethinks negotiation tactics

KARREN VERGARA  |  FRIDAY, 23 NOV 2018
... was too reliant on negotiating resolutions with financial services firms and flagged litigation could take precedence, the Royal Commission heard. Shipton told counsel assisting Rowena Orr that ASIC has "over-utilised" negotiating outcomes for financial ...

Increase adviser standards sector-wide: FSU

JAMIE WILLIAMSON  |  FRIDAY, 23 NOV 2018
... FSU national secretary Julia Angrisano said. The comments follow Westpac chief executive Brian Hartzer's testimony to the Royal Commission in favour of a central registration system for financial advisers. "The Finance Sector Union agrees with Brian ...

Misconduct matters, but stability key for Frydenberg

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... Frydenberg said eliminating misconduct was important, but the Government has other considerations to bear when implementing the Royal Commission's final recommendations. Speaking at the Australian Finance Industry Association conference in Sydney ...

FPA honours top advisers

KARREN VERGARA  |  THURSDAY, 22 NOV 2018
... to advance the profession." Despite the numerous forces at play - education reforms, a new FASEA chief executive and the Royal Commission are among them - De Gori said the good news is that the FPA's membership grew 9% to 14,000 members in the last 12 ...

Aussie banks underestimated difficulties of advice: Hartzer

HARRISON WORLEY  |  THURSDAY, 22 NOV 2018
The Royal Commission heard today that Australia's banks underestimated the amount of change required to make financial planning "work" within their existing businesses. Continuing his appearance at the Royal Commission, Westpac chief executive Brian ...

CBA board ignored key issues in deciding executive pay

KANIKA SOOD  |  WEDNESDAY, 21 NOV 2018
... ignored major scandals besieging the bank when it approved the variable remuneration for its top executives for FY16, the Royal Commission heard. The bank's top executives were paid a fixed pay and variable pay split into long-term and short-term components. ...