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Showing 1 - 10 of 78 results for "Banking Royal Commission"

Property developer, investment firm goes 'all in' on Australia

ANDREW MCKEAN  |  WEDNESDAY, 26 FEB 2025
... Thornton Private Wealth. It launched its Australian financial services business in the lead up to the 2018 Banking Royal Commission and currently partners with 35 advice firms across Australia. "We are investing in established and profitable small to ...

Super's board requirements are sound: SMC

ELIZA BAVIN  |  TUESDAY, 20 AUG 2024
... millions of fund members. And these types of funds have largely avoided the sorts of consumer harms the Banking Royal Commission uncovered at financial services companies with for-profit governance models." Schubert said the strength of the existing ...

Government passes FAR legislation

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
... leaders of super funds, banks, insurers, and other APRA-regulated entities at the culmination of the Banking Royal Commission. BEAR was first proposed on 4 February 2019 as part of the former Liberal government's response to the Royal Commission. ...

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... investors pulling money out of active fund managers that were subject to structural changes since the Banking Royal Commission. Some of the investment managers with the largest negative net flows were spun out of the large wealth managers owned by Australia's ...

Life, funeral insurers cop $14m fine

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... express wishes of the consumers to cancel policies and acted so as to wear them down," the judge said. The banking Royal Commission grilled Howden about the boiler room sales tactics he imposed on his call centre staff, incentivising them to sell at ...

Performance test excluding retirement products is "crazy": Podcast

CASSANDRA BALDINI  |  THURSDAY, 29 JUN 2023
... products. "That will leave out a whole range of other Choice investment options, which we know from the banking Royal Commission, were poorly performing. A whole host of single asset-class investment options are excluded from the performance test," he ...

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... Kirkland said the creation of a compensation scheme was one of the most important recommendations from the Banking Royal Commission. "The introduction of a compensation scheme of last resort is an historic moment for consumer financial protection in ...

No surprise advice industry fears ASIC: Panel

CASSANDRA BALDINI  |  FRIDAY, 23 SEP 2022
... all careful around policemen." Anderson weighed if ASIC was unfairly painted as a weak regulator in the banking Royal Commission. "I think most of the issues that were raised were ones that were already being dealt with," he said. "I've found over my ...

A sensible roadmap: Industry responds to QAR paper

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... find the best possible deal. "These changes would set consumer protections back 15 years. It's as if the Banking Royal Commission has already been forgotten." Financial Counselling Australia also criticised the recommendation, saying that so long as ...

AFA hits back at QAR submissions from Choice, ISA

CASSANDRA BALDINI  |  MONDAY, 11 JUL 2022
... and is full of unfair judgments and generalisations. "They make the often-repeated statement that the Banking Royal Commission exposed widespread misconduct in the financial advice industry," AFA said. "It might be worthwhile pointing out that only one ...
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