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Showing 1 - 10 of 67 results for "Banking Royal Commission"

Industry calls for expanded CSLR

ANNABELLE DICKSON  |  WEDNESDAY, 6 OCT 2021
... policies by the Aboriginal Community Benefit Fund, now trading as Youpla." "One of the reasons we had a banking royal commission was because thousands of victims of financial misconduct had been left without compensation. The establishment of a compensation ...

AMP flags recovery, profit jumps

KARREN VERGARA  |  THURSDAY, 12 AUG 2021
... by October. George is confident that the group will redeem itself and undo the damage inflicted by the banking Royal Commission and a series of controversies that emanated internally. Reparation of the brand damage is her top priority, as is finalising ...

Suncorp divests super unit to industry fund

KARREN VERGARA  |  WEDNESDAY, 28 APR 2021
... institutions abandoning life insurance and superannuation. Suncorp Portfolio Services landed in hot water at the banking Royal Commission for a number of issues that included withholding tax benefits from members, not being transparent about intra-company ...

Banks still failing customers after Royal Commission

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
... and take away their ability to receive justice. "This contradicts the very first recommendation of the Banking Royal Commission - to leave safe lending laws intact."

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
... However, Remediator's fee is 20% of the refund amount plus GST (charged on a no-win-no-fee basis). "The Banking Royal Commission exposed misconduct by banks and some financial advisors. Now thanks to its findings, they can help consumers claim back ...

Class action launched against OnePath

ELIZA BAVIN  |  TUESDAY, 5 JAN 2021
... there was no justification for continuing to pay commissions to financial advisers, as established by the Banking Royal Commission. "Paying these commissions - and as a result charging members higher fees - diverted hundreds of millions of dollars out ...

ISA ramps up campaign against super reforms

ELIZA BAVIN  |  MONDAY, 14 DEC 2020
... system of underperforming funds and ensured the disgraceful misconduct by super trustees revealed at the Banking Royal Commission could not happen again," ISA said. ISA said it has made a submission in response to the proposed reform outlining several ...

Finance is least ethical sector: Governance Institute

ANNABELLE DICKSON  |  FRIDAY, 27 NOV 2020
... "Our survey shows that the perception of the finance industry in Australia is still recovering from the banking royal commission and other scandals, and the media is suffering the same crisis of legitimacy here as overseas," she said. The education industry ...

APRA eases hard caps in revamped executive pay

KANIKA SOOD  |  THURSDAY, 12 NOV 2020
... (revised CPS 511). The non-financial measures (like potential detriment to consumers) were a focus at the Banking Royal Commission, which eventually made three recommendations on the subject. What qualifies as "material" is not defined in the report ...

AMP does not treat advisers fairly: Poll

ELIZABETH MCARTHUR  |  TUESDAY, 1 SEP 2020
... businesses in the financial planning industry have faced a great deal of turmoil in the aftermath of the Banking Royal Commission, with hundreds of planners bearing the brunt of brutal restructures and fire sales by banks and wealth funds," ombudsman ...
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