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Search ResultsShowing 1 - 10 of 100+ results for "Financial Services Royal Commission"
CBA coughs up $5m over RC case study
ALLY SELBY  |  TUESDAY, 9 JUN 2020
... considers that CBA's conduct in this matter, which was examined in detail during the Financial Services Royal Commission, was the result of inadequate systems and processes," he said. "Because of its conduct, CBA failed to deliver its AgriAdvantage ...
IOOF faces new class action
ELIZABETH MCARTHUR  |  TUESDAY, 25 FEB 2020
... misconduct within IOOF from 2009 to 2015. Litigation Lending is funding the action. "The Financial Services Royal Commission and other enquiries have revealed extensive wrongdoing within the financial services sector," Litigation Lending chief executive ...
The PDS is weak: Rice Warner
ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... in some ways proved an enabler of poor conduct and poor consumer outcomes revealed by the financial services royal commission." Rice Warner's analysis stated that the quality of the disclosures is another contributor to the problem. "In other words ...
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 ...
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