Search ResultsShowing 1 - 10 of 100+ results for "Royal Commission"
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 ...
Grandfathered commissions ban passes
ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
... payments. FSC chief executive Sally Loane said: "It is encouraging to see the government acting promptly on the Royal Commission implementation roadmap and delivering on Recommendation 2.4, which is expected to benefit Australian consumers." The law ...
No pain, no gain: APRA
HARRISON WORLEY  |  TUESDAY, 15 OCT 2019
... challenges, it also brings rewards. Pointing to how APRA was emerging from 12 months of scrutiny following the Royal Commission, Rowell said its sharper focus on the outcomes trustees were delivering members was manifesting in a higher bar for funds ...
Code monitoring move disappoints industry
ELIZABETH MCARTHUR  |  MONDAY, 14 OCT 2019
... Frydenberg and Assistant Minister Jane Hume announced the government will accelerate its implementation of the Royal Commission's recommendation to establish a single disciplinary body for financial advisers. The move has disappointed key players ...
ACCC to probe rate cut decisions
HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... of interest rates," the ABA said. "The first priority of Australia's banks is the implementation of the Royal Commission. Banks are also working night and day to prepare for the Consumer Data Right to empower customers to more easily shop around ...
Culture change must not be a fad: APRA
HARRISON WORLEY  |  FRIDAY, 11 OCT 2019
... (ACSI) released an update suite of governance guidelines on Friday, designed to "sharpen the focus" following the Royal Commission. Commenting on the new guidelines - which include an increased emphasis on incorporating ESG issues into risk frameworks ...
AMP shamed by CHOICE
ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
... interests," AMP said. The consumer group made mention of the "underhanded behavior" that came to light at the Royal Commission, in which AMP was shown to have charged customers substantial financial advice fees without delivering a service. CHOICE also ...
Super funds face scrutiny in Canberra
ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
... of the groups will include monitoring the sector's progress on implementing relevant recommendations from the Royal Commission. The hearings will take place in Canberra on November 21 and 22 this year. The government announced in July that it would extend ...
AMP combines business units, appoints new boss
KANIKA SOOD  |  THURSDAY, 10 OCT 2019
... for the segment were close to $4 billion, reflecting a range of factors including reputational damage from the Royal Commission, the company said in FY18 annual report. AMP Bank reported operating earnings of $148 million for the period, swelling by ...
QMV kicks off legal practice, appoints lead
KANIKA SOOD  |  TUESDAY, 8 OCT 2019
... works with about 25 superannuation clients. Recent work has been focused on data remediation arising out of the Royal Commission and management consulting, according to QMV managing partner Mark Vaughan. It now sees an opportunity in advising superannuation ...
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