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Showing 1 - 10 of 629 results for %22Financial Services Royal Commission%22

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... means of funding the aged care system. Australia's aged care bill is on the rise, coming in at $27.1 billion last financial year, and predicted to reach $42 billion by 2026-27. Presently, the government funds about 75% of residential aged care and ...

Advice PDMs, BDMs at inflection point: Survey

KARREN VERGARA  |  MONDAY, 4 MAR 2024
... next three years; some 87% have been approached to move employers. Worryingly, 25% flagged they will leave the financial services industry altogether. A minority (13%) are considering becoming an adviser or want a different role within their organisation. ...

Super funds in pole position for expanded advice

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... it's going to be incredibly challenging for us to do the stuff that we need to do in other parts of the financial services industry," he said at the time. For banks to enter advice, RMIT University senior lecturer in finance and program manager My ...

Bragg calls for another Financial System Inquiry, critiques ASIC, APRA

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
... "structural problems" in the twin peaks of financial sector regulation, ASIC and APRA. In his speech to the Financial Services Council (FSC), Bragg argued that "clear deficiencies" in the current regulatory framework necessitate another FSI, with the ...

NAB names new chief executive

CHLOE WALKER  |  WEDNESDAY, 7 FEB 2024
... Irvine has served as NAB's group executive and private business since 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 ...

Adviser numbers stable at 15,650

KARREN VERGARA  |  MONDAY, 15 JAN 2024
... Synchron in 2022 and now has about $23 billion in funds under advice. Count will swallow up Diverger after COG Financial Services backed out of the running last November.

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
Once again, Financial Standard readers were captivated by the evolving superannuation landscape, with this year's top stories largely focused on this space. However, there was one particular executive move that simply couldn't be scrolled past. ...

AMP to pay $100m to settle BOLR class action

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
... double what it initially provisioned. The wealth manager announced this morning it has reached a settlement with AMP Financial Planning advisers in the BOLR class action that dates back to July 2020. After provisioning $50 million for the fallout in ...

Settlement approved in AMP shareholder class action

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
... critical market information that could have affected the share price. This included charging fees to customers where such services were not rendered. The plaintiffs alleged this information was first revealed to the public on 16 and 17 April 2018 during ...

Adviser registration deadline extended again

KARREN VERGARA  |  WEDNESDAY, 20 SEP 2023
... capital raisings. Mandatory adviser registration was a recommendation that stemmed from the Financial Services Royal Commission.
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