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Search ResultsShowing 1 - 10 of 100+ results for "Royal Commission"
Super funds squander member money: Bragg
KARREN VERGARA  |  THURSDAY, 24 SEP 2020
... funds have exhibited over the last 28 years or so under a system that has operated as "one big silo". The Hayne Royal Commission exposed retail funds acting in their best interest, while the COVID-19 crisis showed industry funds acting and furthering ...
Financial services laws under review
JAMIE WILLIAMSON  |  TUESDAY, 15 SEP 2020
Following on from the Royal Commission, the Australian Law Reform Commission has been tasked with reviewing financial services laws with a view to simplify laws regulating the industry. As part of its response to the Royal Commission final report, the ...
Perks appoints new director
JAMIE WILLIAMSON  |  MONDAY, 14 SEP 2020
... sophisticated, tailored advice," he said. He said Perks Private Wealth has seen a strong demand for services following the Royal Commission as clients seek out advice from privately-owned firms. "The uncertainty and challenges of this year have also ...
ISPT writes down assets
JAMIE WILLIAMSON  |  THURSDAY, 10 SEP 2020
... today was selected by the Liberal Party and that requests by the Labor Party to have those funds that fronted the Royal Commission appear were ignored. He then accused the Liberal Party of using the committee to wage an ideological war against super ...
Super funds to face parliamentary grilling
ELIZA BAVIN  |  WEDNESDAY, 9 SEP 2020
... the groups will also include monitoring the sector's progress on implementing relevant recommendations from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. The news comes after the committee called ...
ASIC can use RC evidence in RI Advice case
ELIZABETH MCARTHUR  |  WEDNESDAY, 9 SEP 2020
RI Advice, an IOOF subsidiary, has failed in its attempt to stop ASIC using Royal Commission evidence in its ongoing case against the dealer group. ASIC's case against RI Advice and one of its former financial advisers, John Doyle, is currently playing ...
AMP deed of release bars advisers joining class action
ELIZABETH MCARTHUR  |  MONDAY, 7 SEP 2020
... reset AMP's commercial terms was difficult but necessary given the recent changes to legislation following the Royal Commission resulting in significant economic changes and disruption across the industry. This includes the removal of grandfathered commissions ...
Count Financial faces class action
ANNABELLE DICKSON  |  FRIDAY, 4 SEP 2020
... to 21 August 2020. The class action has come off the back of Count Financial's misconduct revealed in the Royal Commission and alleges it contravened obligations owed to clients when taking commissions from product issuers or clients. Piper Alderman ...
Banks to be questioned on COVID-19 response
ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... COVID-19, the hearings will examine the four major banks' progress in implementing the recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. "The committee will scrutinise the banks on ...
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 ...
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