Search ResultsShowing 1 - 10 of 49 results for "Banking Royal Commission"
Life risk insurance not profitable: KPMG
HARRISON WORLEY  |  FRIDAY, 22 NOV 2019
... retreat from direct distribution models following the exposure of problems with these models during the Banking Royal Commission. A well-functioning, sustainable, accessible and trusted life insurance industry is important for all Australians, particularly ...
Colonial First State hit with second class action in less than a week
ELIZA BAVIN  |  MONDAY, 21 OCT 2019
... commissions to financial advisers who were not required to provide any ongoing services to members." "The Banking Royal Commission revealed that since 2013, CFS paid financial advisers or the licensees they worked for over $400 million in commissions ...
RC sting felt in finance pay packets
ELIZABETH MCARTHUR  |  WEDNESDAY, 2 OCT 2019
... pointed to the outcomes of the Royal Commission as a leading factor in the changes. "There is no doubt the Banking Royal Commission created a major distraction and, hiring activity at the very senior end slowed as a result," the report found. "It was ...
Calls to give ASIC power to repair reputations
ELIZA BAVIN  |  WEDNESDAY, 11 SEP 2019
... question or submission can have lethal consequences," he said. Crutchfield went as far as to compare the banking Royal Commission to the executions of the French Revolution. "In the financial services Royal Commission, the metaphorical tumbrels of the ...
Financial incentive provokes misconduct: Research
ELIZABETH MCARTHUR  |  THURSDAY, 5 SEP 2019
... without proper customer authorisation allegedly just to charge fees and the stories to come out of the Banking Royal Commission in Australia. The authors said these examples all illustrate unethical pro-organisational behaviour. While some unethical ...
Members shift to industry super funds
KARREN VERGARA  |  THURSDAY, 29 AUG 2019
... sector has taken a hit, it will "come back in a competitive fashion". The "unwind" began before the banking Royal Commission, she said, at a time when the big banks and institutions began offloading their wealth divisions. Loane sees retail funds re-emerging ...
CFS slashes trail commissions on some funds
KANIKA SOOD  |  THURSDAY, 29 AUG 2019
... the federal treasurer Josh Frydenberg , who last month introduced legislation to end them by 2021. The banking Royal Commission's final report made a recommendation against grandfathered commissions, which ASIC has listed as a priority in its corporate ...
ASIC clamps down on poor advice, grandfathered commissions
KARREN VERGARA  |  WEDNESDAY, 28 AUG 2019
... will work diligently to help Frydenberg push through numerous legislative reforms stemming from the banking Royal Commission and Productivity Commission inquiry into superannuation. This includes the proposed conduct accountability regime, single default ...
Netwealth FUA, adviser numbers rise
KARREN VERGARA  |  MONDAY, 19 AUG 2019
... of financial advisers who flocked to wealth management institutions for Netwealth as a result of the banking Royal Commission have helped boost the platform's funds under administration by 30% to $23.3 billion. Financial results for the end of June ...
CBA remediation bill drags performance
KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
... trading at $78.51 at publication time. Chief executive Matt Comyn said six of the recommendations from the banking Royal Commission have been implemented. "[We are] going to make sure we complete at least another eight before the end of the calendar ...
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