Search ResultsShowing 1 - 10 of 100+ results for "Financial Services Royal Commission"
ASIC bans direct life cold calling
HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
... products, without feeling pressured to make a purchase". "Such a ban is consistent with the Financial Services Royal Commission recommendations, and will provide consumers with further protections from misselling practices now, ahead of wider law reform ...
Whistleblower calls out approved product lies
ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... "Heavily restricted life insurance APLs are still the norm and not even heat from the recent Financial Services Royal Commission has been enough to compel them to apply higher standards and put their clients first," Morris said. ClearView managing director ...
Retail fund faces class action on MySuper
ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... needs, not their own." The conduct that is the subject of this case was a case study in the Financial Services Royal Commission. A lead plaintiff for the case, Lesley Coatman, said: "It's clear from both the Royal Commission and from the case Maurice ...
Integrity Life launches lifetime discount offer
ELIZA BAVIN  |  THURSDAY, 19 SEP 2019
... the move strongly aligns with the best interests of financial advisers and consumers. "The financial services Royal Commission highlighted that the customer's interests must come first, and products must be appropriate for their needs," Integrity ...
Calls to give ASIC power to repair reputations
ELIZA BAVIN  |  WEDNESDAY, 11 SEP 2019
... rate rigging case against Westpac, NAB and ANZ, as well as acting counsel for AMP at the financial services Royal Commission, has spoken out about the consequences of the reputations that were unfairly trashed. "One of the problems is that the mere asking ...
Netwealth FUA, adviser numbers rise
KARREN VERGARA  |  MONDAY, 19 AUG 2019
... $23.3 billion. Financial results for the end of June 2019 released this morning shows the financial services Royal Commission had an overall positive effect for Netwealth, which saw after-tax net profit jump by 64.7% to $34.3 million. However, independent ...
CBA remediation bill drags performance
KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
... towards implementing regulatory and compliance initiatives, including recommendations from the financial services Royal Commission, CBA announced to the ASX this morning. Its cumulative spend and provision on rectifying errors further breaks down to ...
EQT welcomes head of insurance
KARREN VERGARA  |  MONDAY, 5 AUG 2019
... accountant. Executive general manager of the superannuation trustee office Mark Blair said the financial services Royal Commission, which concluded early this year, threw into sharp focus the importance of a strong and operationally independent trustee ...
Unfair contract terms extended to insurance
KARREN VERGARA  |  FRIDAY, 2 AUG 2019
... Contracts Bill 2019 announced this week is the result of the Coalition taking action on the financial services Royal Commission's recommendations. "Removing the exemption for insurance contracts from the UCT regime will ensure consumers and small ...
ASIC warns trustees on employer inducements
KARREN VERGARA  |  THURSDAY, 1 AUG 2019
... associates breach the civil penalty provisions, they may be fined up to 2400 penalty units. The financial services Royal Commission found some large superannuation funds were spending significant amounts to maintain or establish good relationships with ...
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