Search ResultsShowing 1 - 10 of 100+ results for "Royal Commission"
The growing risk to financial advisers
ALLY SELBY  |  THURSDAY, 23 JAN 2020
... educational requirements and compliance pressures, in addition to major trust issues on the back of the Hayne Royal Commission. "The industry is in a state of flux and for those of us who remain, the transition is not an easy one," Hutton said. "The ...
Banking sector losses continue
ELIZA BAVIN  |  THURSDAY, 23 JAN 2020
... slowdown are being felt around the country, coupled with the sector's public scandals and ongoing fallout from the Royal Commission. ANZ took the biggest loss to its brand value out of the banks, down 26%, and the second biggest against all other companies ...
Mayfair fights for use of word
ELIZA BAVIN  |  MONDAY, 20 JAN 2020
... it has hired senior counsel Matthew Darke to represent it. Darke recently represented Westpac following the Royal Commission. "Platinum Asset Management has been facing its own challenges since Kerr Neilson stepped down [as chief executive] in February ...
Future of life insurance in doubt: APRA
ELIZABETH MCARTHUR  |  FRIDAY, 17 JAN 2020
... said this was in part due to "poor product design" and "aggressive" selling methods, as highlighted during the Royal Commission. "Some long-standing issues in this industry remain unresolved, including how to deal with legacy products," the regulator ...
ASIC increases levy costs
ELIZA BAVIN  |  THURSDAY, 16 JAN 2020
... sector was primarily driven by the increase in enforcement matters adopted following recommendations of the Royal Commission. "The ASIC industry funding model was designed so that industry levies are set at the end of the year, after ASIC's regulatory ...
HESTA names chief risk officer
JAMIE WILLIAMSON  |  THURSDAY, 16 JAN 2020
... practicing solicitor in both private practice and in-house role early in his career," Blakey said. Blakey said the Royal Commission spurred the creation of the new role. "In the wake of the Hayne Royal Commission we have seen how critical a strong culture ...
NAB revamps superannuation trustee board
KANIKA SOOD  |  TUESDAY, 14 JAN 2020
... NULIS in the Federal Court over fees for no service conduct, and also working with it to improve in line with Royal Commission recommendations. Steve Schubert has been appointed the chair of MasterKey and Plum Investment committee. He was Russell Investments' ...
FPA supports tightening insurance claims
ELIZABETH MCARTHUR  |  MONDAY, 13 JAN 2020
... advice in relation to life insurance and the claims handling process could be tightened up. The FPA supports the Royal Commission's recommendation 4.8, which stated: "The handling and settling of insurance claims, or potential insurance claims, should ...
AMP to cull super trustee, five funds
HARRISON WORLEY  |  THURSDAY, 9 JAN 2020
... Mulino, who asked the wealth manager to demonstrate how its fundamental relationships had shifted since the Royal Commission as AMP attempted to remove conflicts of interest from the business. The new plan comes just months after AMP combined its Australian ...
Government edges towards regulator cooperation
HARRISON WORLEY  |  TUESDAY, 7 JAN 2020
... superannuation, and the establishment of a new independent body to oversee the regulators. According to the government's Royal Commission implementation roadmap, legislation establishing the new oversight authority is due to be consulted on and introduced ...
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