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Showing 1 - 10 of 20 results for "Royal Commission for"

BOQ divests St Andrew's Insurance

KARREN VERGARA  |  WEDNESDAY, 27 OCT 2021
... post‐tax statutory loss of about $26 million after the transaction. St Andrew's was embroiled in the Hayne Royal Commission for its affiliation with Select AFSL's dodgy sales practices. Select terminated its agreement to distribute and promote ...

APRA approves MLC super takeover

ELIZABETH MCARTHUR  |  FRIDAY, 7 MAY 2021
APRA has given IOOF the go-ahead to take over MLC's superannuation business. Yesterday, the regulator approved IOOF's application to hold a controlling stake in NULIS Nominees, the trustee for MLC Super. On 31 August 2020, IOOF entered into an agreement ...

Suncorp divests super unit to industry fund

KARREN VERGARA  |  WEDNESDAY, 28 APR 2021
... abandoning life insurance and superannuation. Suncorp Portfolio Services landed in hot water at the banking Royal Commission for a number of issues that included withholding tax benefits from members, not being transparent about intra-company payments ...

APRA issues new licence conditions on NULIS

ELIZABETH MCARTHUR  |  THURSDAY, 27 AUG 2020
APRA has issued directions and imposed new licence conditions on NULIS Nominees to improve its governance and controls to ensure members' best interests. The directions and additional licence conditions require NULIS to record how it considers members' ...

Colonial First State cops licence conditions

JAMIE WILLIAMSON  |  THURSDAY, 2 JUL 2020
APRA has imposed licence conditions on Colonial First State Investments Limited to ensure super members' best interests are met, effective immediately. The regulator's decision follows an investigation into matters referred to it by the Royal ...

Spectrum Wealth representatives find new homes

ELIZABETH MCARTHUR  |  MONDAY, 29 JUL 2019
... liquidity crisis in 2019 and missed its FY19 interim results deadline. Freedom came under fire during the Royal Commission for selling a life insurance policy to an intellectually disabled man.

Remembering Ron Grima

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JUL 2019
... listen with empathy and offer encouraging support." Penning an article in December 2018, Grima criticised the Royal Commission for placing too much focus on misconduct in the industry and failing to recognise the real value of advice. Linking the argument ...

Advice practice supply outweighs demand

JAMIE WILLIAMSON  |  MONDAY, 13 MAY 2019
The valuation gap between high-quality financial advice businesses and conventional practices is growing, with the sector quickly turning into a buyers' market. Latest insights from Radar Results show the valuation gap between high-quality practices ...

Freedom to divest all operations

KARREN VERGARA  |  MONDAY, 15 APR 2019
... accurate estimate of when the review will be completed." Freedom came under fire during the financial services Royal Commission for selling a life insurance policy to an intellectually disabled man.

Royal Commission and its one canoe message is on point

HARRISON WORLEY  |  MONDAY, 25 FEB 2019
... Hayne's "lovely" assertion that intermediaries cannot stand in more than one canoe is the key takeaway from the Royal Commission for SMSF advisers. "You can just imagine, one foot in one canoe and one foot in another," Cooper said. "What he [Hayne] means ...
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