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Showing 1 - 10 of 1220 results for "Royal Commission"

Super funds should focus on 'simple' advice: Jones

ELIZA BAVIN  |  FRIDAY, 6 DEC 2024
... - is to allow super funds to provide basic financial advice, not to see a repeat of issues raised during the Royal Commission. Speaking to ABC radio, Jones said the problem being faced by many Australians approaching retirement is a lack of simple and ...

Admin and compliance taking up 56% of advice practice costs

ELIZA BAVIN  |  MONDAY, 18 NOV 2024
... industry has been grappling with the fragmentation and inefficiencies that arose after the 2018 Financial Services Royal Commission, which led to the exit of major banks from providing advice. The industry is simply not equipped to meet the growing need ...

ASIC secures win against HCF Life

ELIZA BAVIN  |  TUESDAY, 29 OCT 2024
... unfair contract terms regime was expanded to include insurance contracts, arising from a recommendation of the Royal Commission into Misconduct in the Banking, Superannuation, and Financial Services Industry.

Aussies struggle with financial goals: Generation Life

ANDREW MCKEAN  |  WEDNESDAY, 16 OCT 2024
... the unadvised also cite trust as a barrier to advice. "Trust in financial advice has come a long way since the Royal Commission," Nash said. "But ultimately, a lack of understanding about the industry, and how strategic and in-depth advice is, means ...

Pride Advice acquires two Adelaide-based firms

MATTHEW WAI  |  TUESDAY, 8 OCT 2024
... tax-related guidance are now deductible. "The cost of financial advice has increased since the Financial Services Royal Commission handed down its findings five years ago, and the number of financial advisers has significantly decreased," Schatto said. ...

Lack of talent challenging DDO compliance

JAMIE WILLIAMSON  |  MONDAY, 23 SEP 2024
... compliance yet. Compounding the issue is the fact that salaries for risk roles have risen substantially since the Royal Commission. For example, Chisholm said, remuneration for a risk analyst has increased close to 70%; someone with between one- and ...

Super's board requirements are sound: SMC

ELIZA BAVIN  |  TUESDAY, 20 AUG 2024
... millions of fund members. And these types of funds have largely avoided the sorts of consumer harms the Banking Royal Commission uncovered at financial services companies with for-profit governance models." Schubert said the strength of the existing ...

AMP Super trustee has additional licence conditions removed

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... additional licence conditions lifted, marking the end of all outstanding matters raised by the Financial Services Royal Commission. N.M. Super, which controls the AMP Super Fund and Wealth Personal Superannuation and Pension Fund, which collectively ...

How advisers can reap additional $2.1bn in revenue

KARREN VERGARA  |  THURSDAY, 25 JUL 2024
... Economics says. Despite the enormous regulatory and qualification upheavals advisers experienced since the Hayne Royal Commission, the study found that opportunities abound and there is cause for optimism as the industry reaches a tipping point. To be ...

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... and received $426 million in government funding. This marks a 22% increase over 10 years. Following the Hayne Royal Commission in 2019, the federal government injected an additional $400 million into ASIC to cover four years. It also expanded ASIC's ...
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