Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 1203 results for "Royal Commission"

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... investigation rather than Lanterne self-reporting the issues, and that the conduct occurred in the aftermath of the Royal Commission. "Lanterne, through Mr Cozens, should have known better," Justice McEvoy said. He said the $1.25 million penalty is intended ...

Industry funds set to gobble up over 50% of superannuation assets

ANDREW MCKEAN  |  THURSDAY, 21 MAR 2024
... Retail funds will also grow, but at a slower rate reflecting the gradual remediation of issues raised by the Hayne Royal Commission. SMSFs will remain popular, but their growth is expected to be less strong for pre-retirement assets. Meanwhile, industry ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... their personal wealth, including superannuation, rejecting the idea of an aged care levy. On the back of the Royal Commission into Aged Care Quality and Safety, the taskforce was established last year to determine the best means of funding the aged care ...

Advice PDMs, BDMs at inflection point: Survey

KARREN VERGARA  |  MONDAY, 4 MAR 2024
... business development managers (BDM) by Business Health looked at how these roles have evolved since the Hayne Royal Commission. Business ready IV found that the roles of PDMs and BDMs, while costly in terms of salaries, can add enormous value to a practice ...

Super funds in pole position for expanded advice

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... advisers will end up as proxy salespeople driven by commissions - the type of behaviour exposed by the Hayne Royal Commission. Abood, however, doesn't see history repeating itself. "I think the super funds are also very well aware of the reputational ...

Bragg calls for another Financial System Inquiry, critiques ASIC, APRA

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
... decline in the rate of prosecutions initiated from ASIC referrals, dropping from 75% in 2018 - the year of the Royal Commission - to 19% in the last financial year. Meanwhile, Bragg expressed growing concerns about APRA's effectiveness, particularly ...

AMP chair steps down

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
... AMP board as non-executive director on 15 June 2019 at the height of AMP's tumult in the wake of the Hayne Royal Commission. She took over as chair in August 2020. She replaced Catherine Brenner who left in the hope that investors could regain confidence ...

NAB names new chief executive

CHLOE WALKER  |  WEDNESDAY, 7 FEB 2024
... Chronican paid tribute to McEwan, who joined NAB in December 2019 with a mandate for change in the wake of the Royal Commission. "Ross has been exactly the chief executive we needed," Chronican said. "He reminded us of the value of getting the basics ...

Advisers urged to check ASIC registration status

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2024
... close to 6000 financial advisers who are still not registered with ASIC. Under the Financial Sector Reform (Hayne Royal Commission Response - Better Advice) Act 2021, all relevant providers must be registered with ASIC to provide personal financial advice ...

Adviser numbers stable at 15,650

KARREN VERGARA  |  MONDAY, 15 JAN 2024
... there were as many as 20,667 advisers. The population peaked at nearly 30,000 at the end of 2018 as the Hayne Royal Commission was finalising its verdict. The Financial Advice Association Australia (FAAA) remains concerned with the stagnant number of ...
PREVIOUS
NEXT