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Showing 1 - 10 of 21 results for "Royal Commission Final Report"

Financial services laws under review

JAMIE WILLIAMSON  |  TUESDAY, 15 SEP 2020
... services laws with a view to simplify laws regulating the industry. As part of its response to the Royal Commission final report, the government has asked the ALRC to inquire into the potential simplification of laws, namely provisions of the Corporations ...

Advice groups criticise rushed legislation

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 MAR 2020
... are unable to afford it from their cashflow." The AFA also took issue with page 242 and 243 of the Royal Commission Final Report which stated that the commissioner found no issues with intra-fund advice and defined intra-fund advice as not personal advice. ...

FPA calls for axe to fall on stamping fees

HARRISON WORLEY  |  WEDNESDAY, 29 JAN 2020
... is of course is preferable, but additional regulation is not the answer," Bristow said. "In the Royal Commission final report, Commissions Kenneth Hayne clearly stated 'it should be considered recognising that there is every chance that adding a new ...

What you read in 2019: Superannuation

JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2019
The past year has served as the beginning of the superannuation industry's transformation. Yes, recent years have seen nothing but reform after reform, but 2019 has been something different entirely. The Productivity Commission and Royal Commission ...

ASIC bans direct life cold calling

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
... unfair consumer outcomes. The regulator noted its action follows through on recommendation 4.1 of the Royal Commission final report to ban the hawking of life insurance products. "ASIC will intervene to stop practices that lead to poor consumer outcomes ...

Industry funds eye SMSF market stronghold

KARREN VERGARA  |  TUESDAY, 16 APR 2019
... superannuation industry continued to deliver strong outcomes for members overall." In light of the Royal Commission final report released in February, it is likely the trends identified in the review, particularly between the retail and industry fund ...

Government bans superannuation funds treating employers

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
... brings to life Commissioner Kenneth Hayne's recommendation against treating of employers from the Royal Commission final report. Hayne found legislation on how super funds compete to be nominated as default funds was too lax. Some large funds spend ...

Financial advice exit a boon for the industry: Poll

KARREN VERGARA  |  MONDAY, 8 APR 2019
... it will also reposition BT Financial Group as a standalone division. In handing down the banking Royal Commission final report, Commissioner Kenneth Hayne stopped short of dismantling vertical integration. Hayne said the forced separation of financial ...

Poor governance spurs calls for directorship caps

JAMIE WILLIAMSON  |  MONDAY, 8 APR 2019
... just isn't sustainable. You probably can't deliver," she said. Following the release of the Royal Commission final report, the Governance Institute of Australia chief executive Megan Motto said: "Commissioner Hayne and his team is right to highlight ...

ClearView defends risk advice commissions

KARREN VERGARA  |  TUESDAY, 26 MAR 2019
... January 2020, the cap reduces to 60%, with a 20% trailing commission thereafter. In releasing the Royal Commission final report in February, Hayne proposed to shrink caps of 20-60% further when it reviews the impact of the reforms in 2021. ClearView ...
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