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Showing 1 - 8 of 8 results for "Advice scandals"

A sensible roadmap: Industry responds to QAR paper

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... Planning and Storm Financial to occur." "This would be an incredible disappointment to the victims of financial advice scandals who gave evidence to the Royal Commission," Kirkland said. "The review's proposals to weaken consumer protections will fuel ...

Regulatory inadequacy to blame: Hayne

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
Inadequate regulatory response to previous financial advice scandals has enabled poor conduct to continue and exacerbate, according to the Royal Commission. In his interim report, Commissioner Hayne has said scandals dating back to the GFC can shed ...

NAB to divest MLC

ALEX BURKE  |  THURSDAY, 3 MAY 2018
... Genesys. "I think it's a pretty strong reflection of their diminished level of appetite for the sector," he said. Advice scandals, he continued, also forced institutions to significantly increase their compliance activity, raising costs and making further ...

Key demographic trends open new doors for advice

JAMIE WILLIAMSON  |  FRIDAY, 25 NOV 2016
... clients to plan ahead, creating a stronger advice relationship and rebuilding trust diminished by the GFC and recent advice scandals along the way. Inwood said the industry has much greater potential for growth than most generally think, with only about ...

Independent dealers in M&A mode

ALEX BURKE  |  MONDAY, 27 JUL 2015
... grandfathering and other FoFA reforms." He added that cultural incompatibilities and brand damage due to recent advice scandals was also pushing advice groups to move. "When you have a look at the dealer heads or senior management, there have been significant ...

Big end of town to face Senate over bad advice

LAURA MILLAN  |  FRIDAY, 17 APR 2015
... Committee is intending to address directly with "the leaders of the financial advice industry" the numerous financial advice scandals that have been unveiled over the last few months. Nationals Senator John Williams said he specifically wants to ask ...

Senate votes against disallowing FoFA amendments

LAURA MILLAN  |  TUESDAY, 15 JUL 2014
... Senator Peter Whish-Wilson who previously showed support for the disallowance of the amendments said that financial advice scandals "weren't just a matter of a wrong trader, it was a wrong culture." "Let's not kid ourselves, banks try to make profits ...

Labor questions Murray, calls for another inquiry

LAURA MILLAN  |  WEDNESDAY, 9 JUL 2014
... Securities and Investment Commission and the Commonwealth Bank and branded the government's plans to examine financial advice scandals as part of the Financial System Inquiry (FSI) a "cop out." Shadow Treasurer Chris Bowen told journalists this morning ...
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