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Showing 1 - 10 of 287 results for %22Banking Royal Commission%22

AMP executive pay packet shrinks amid simplification

KARREN VERGARA  |  MONDAY, 15 APR 2024
... long-term incentive plans were performance tested, no payouts were made," she said. AMP is now focused on five areas: banking, platforms, advice, superannuation and investments, New Zealand, and strategic partnerships in China. The banking unit recently ...

Super funds in pole position for expanded advice

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... ideal context to make advice more accessible, adding that it is a "much safer sandbox" compared to other industries like banking or other managed investment schemes. "If we can't make it work inside of RSEs or inside of superannuation funds, it's ...

AMP chair steps down

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
... Colonial, Westpac, and Chase AMP Bank. He was also deputy chair of the Treasury Corporation of Victoria and the Australian Banking Association. Hirst is currently a board member of GMHBA and Racing Victoria. "I feel very privileged to be taking on the ...

NAB names new chief executive

CHLOE WALKER  |  WEDNESDAY, 7 FEB 2024
... 2020 and boasts 27 years of experience in financial services. Prior to joining NAB, Irvine was head of Canadian Business Banking at the Bank of Montreal. He has held a range of roles at BMO and previously worked for McKinsey & Company, Lycos Europe ...

Government passes FAR legislation

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
... leaders of super funds, banks, insurers, and other APRA-regulated entities at the culmination of the Banking Royal Commission. BEAR was first proposed on 4 February 2019 as part of the former Liberal government's response to the Royal Commission. ...

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... investors pulling money out of active fund managers that were subject to structural changes since the Banking Royal Commission. Some of the investment managers with the largest negative net flows were spun out of the large wealth managers owned by Australia's ...

Life, funeral insurers cop $14m fine

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... express wishes of the consumers to cancel policies and acted so as to wear them down," the judge said. The banking Royal Commission grilled Howden about the boiler room sales tactics he imposed on his call centre staff, incentivising them to sell at ...

Performance test excluding retirement products is "crazy": Podcast

CASSANDRA BALDINI  |  THURSDAY, 29 JUN 2023
... products. "That will leave out a whole range of other Choice investment options, which we know from the banking Royal Commission, were poorly performing. A whole host of single asset-class investment options are excluded from the performance test," he ...

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... Kirkland said the creation of a compensation scheme was one of the most important recommendations from the Banking Royal Commission. "The introduction of a compensation scheme of last resort is an historic moment for consumer financial protection in ...

No regrets: Hayne reflects on Royal Commission

KARREN VERGARA  |  TUESDAY, 30 MAY 2023
... the landmark Royal Commission, former High Court justice Kenneth Hayne stands by his recommendations that upended the banking and financial services sectors. Making a rare appearance at the International Congress of Actuaries in Sydney this morning ...
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