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Search ResultsShowing 1 - 10 of 63 results for "Banking Royal Commission"
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 ...
ASIC names operations, risk leads
KARREN VERGARA  |  MONDAY, 31 AUG 2020
... resumed many of its projects that were temporarily disrupted; particularly work that pertains to the banking Royal Commission recommendations. In the financial advice sector, ASIC will continue to identify unlicensed advice and take "swift action," against ...
Statewide overhauls risk management approach
ELIZA BAVIN  |  WEDNESDAY, 15 JUL 2020
... Jason Muir said his goal is to refresh the industry fund's approach to risk in a post-COVID-19 and Banking Royal Commission environment. Speaking to Financial Standard Statewide Super's chief executive Tony D'Alessandro said the fund is focusing on ...
AMP should stop whining: Slater and Gordon
ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... . "Mr De Ferrari runs an organisation that somehow managed to claim a gold medal for disgrace at the banking Royal Commission in a highly competitive field," Hardwick said. "It's difficult to imagine the arrogance necessary to show up to Parliament ...
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