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Search ResultsShowing 1 - 10 of 100+ results for "Royal Commission"
Colonial First State cops licence conditions
JAMIE WILLIAMSON  |  THURSDAY, 2 JUL 2020
... effective immediately. The regulator's decision follows an investigation into matters referred to it by the Royal Commission in February 2019. The Royal Commission formed the view that CFSIL's decisions not to bring the migration of certain cohorts ...
Super for women under scrutiny
ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... from to pay for the coaching services. This seems like vertically integrated financial planning services pre-Royal Commission with no commissions or fees to be disclosed to the consumer," she said. "At least if a consumer went to a bank or AMP-aligned ...
AMP should stop whining: Slater and Gordon
ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... Ferrari's criticism of litigation funding and class actions, as AMP continues to battle lawsuits sparked by the Royal Commission. Slater and Gordon head of class actions Ben Hardwick has labelled AMP "arrogant" and accused its chief executive of having ...
AMP approved product list under fire
ELIZABETH MCARTHUR  |  WEDNESDAY, 1 JUL 2020
... Andrew Leigh questioned AMP chief executive Francesco De Ferrari on how the institution has changed since the Royal Commission. Leigh acknowledged that AMP was hit hard by the Royal Commission, saying: "You used to trade over $5, now you trade below ...
AFA, FPA share bleak view of industry
ELIZABETH MCARTHUR  |  TUESDAY, 30 JUN 2020
... advisers out of 23,000 had completed the exam recently - and about 1000 of those had not passed. He defined the Royal Commission reforms as getting financial advisers over "basic" hurdles of professionalism. De Gori pointed out the exam was delayed by ...
Trust in advisers wanes
JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
... markets, while just 57% of those without an adviser said the same. The study also found that the findings of the Royal Commission and the associated press coverage did not change investors' minds as to where and how they will seek advice. Further ...
Super fund members compensated
JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
... sufficient evidence of informed instructions to switch the clients out of MySuper." These breaches formed part of a Royal Commission case study, where Commissioner Hayne did not find any licensee breach on the evidence before Commission, Aon Australia ...
Marianne Perkovic to depart CBA
ALLY SELBY  |  TUESDAY, 23 JUN 2020
... than a decade with the bank, and faced heated scrutiny when representing its wealth management arm during the Royal Commission. During her testimony, she admitted the bank's financial advice subsidiary, Count Financial (now a subsidiary of Countplus) ...
ASIC sues CBA, CFS over RC case
HARRISON WORLEY  |  TUESDAY, 23 JUN 2020
... CFSIL, with each contravention attracting a maximum penalty of $1 million. The case was first raised at the Royal Commission, and ASIC deputy chair Daniel Crennan said the regulator's decision to investigate, based on Commissioner Hayne's referral ...
IFM adds to leadership
HARRISON WORLEY  |  FRIDAY, 19 JUN 2020
... the sought for investigation will include bank-owned retail funds - which were the locus of misconduct in the Royal Commission, and were found to systematically underperform by the Productivity Commission," Combet wrote.
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