Royal Commission

Financial planning

The Commonwealth Bank has put its wealth demerger on hold to allow it time to complete its client remediation processes....

Superannuation

SMSF Association dismisses ACTU claims

The SMSF Association has rejected Australian Council of Trade Unions calls' for another inquiry into the SMSF sector....

Financial planning

RC took its toll on fin services workers

Over a quarter of financial services workers experience extreme levels of stress, and just one in eight are highly engaged with their work, according to a new SuperFriend...

Superannuation

RC didn’t dive deep enough on superannuation

AustralianSuper’s chief executive, Ian Silk, has suggested that the Banking Royal Commission didn’t cast a stern enough eye over parts of the superannuation industry, in ...

Policy & Regulation

RC missed mark on vertical integration says Fels

Former Australian Competition and Consumer Commission chairman, Professor Alan Fels has criticised the Royal Commission for failing to address the problems of bank vertic...

Financial planning

How will AMP handle departed advisers?

AMP Limited has yet to determine how it intends on handling its remediation obligations with respect to advisers who have left the company....

Financial planning

Banks cut staff bonuses, incentives

Banks are on track to meet their 2020 deadline to overhaul staff pay, a new report by former public service Commissioner, Stephen Sedgwick, has said. ...

Superannuation

Consolidation won’t end low-balance super accounts

Legislation to consolidate low-balance superannuation accounts needs to go further if it is to prevent a cycle of unintended accounts still being created and then consoli...

Financial planning

Compensation scheme is treating symptoms not causes

A senior dealer group chief executive has lambasted the Royal Commission’s call for a compensation scheme of last resort, arguing it is treating the symptoms not the caus...

Editorial

Hayne’s findings important but not without flaw

The chief executive of the Financial Planning Association (FPA), Dante De Gori is absolutely right to urge the major parties against turning the final recommendations of ...

Financial planning

CBA acting on RC advice recommendations: Comyn

CBA has expressed its total support for the Banking Royal Commission’s final recommendations and signalled how it is already acting on many of them as it seeks to rebuild...

Features

Don’t let politics get in the way of good reform

In a sea of reform recommendations for the banking and financial services sector, a looming election may see politicians skim across the surface on matters that deserve a...

Financial planning

Don’t politicise the RC says FPA’s De Gori

The Financial Planning Association chief executive, Dante De Gori has warned that there will be a high price to be paid by the industry if the recommendations of the Roya...

Policy & Regulation

Choice wants voice on RC rectification taskforce

Consumer group Choice wants the Federal Government to fund a Royal Commission rectification taskforce and, furthermore, it wants recognition as a key stakeholder in imple...

Financial planning

AFA accuses RC of confusion on conflicted remuneration

Association of Financial Advisers executive, Phil Anderson has pointed to flaws in the final report of the Royal Commission and suggested it was confused on the issue of ...