Royal Commission

Policy & Regulation

Gov puts money, confidence behind APRA chair

The Morrison Government has reappointed Australian Prudential Regulation Authority (APRA) chair, Wayne Byres, for five more years and committed $58.7 million of new fundi...

Financial planning

Grandfathered commissions debate now ‘out of control’

The Association of Financial Advisers has declared to the Royal Commission that the debate over the removal of grandfathered commissions is now running out of control wit...

Features

When the going gets tough, advisers get going

Anastasia Santoreneos writes that while FASEA and the Royal Commission have got advisers down in the short term, they are feeling positive about the future of the industr...

Life/Risk

Govt urged to drop insurance opt-in age to 21

The Federal Government has been urged to drop the minimum age for automatic insurance cover inside superannuation to 21, rather than age 25....

Policy & Regulation

ANZ profit takes hit as it moves beyond wealth

ANZ’s full-year cash profit has taken a hit as it seeks to move beyond wealth remediation and costs associated with the Royal Commission....

Life/Risk

Lawyers urge RC to inject more transparency into insurance

The Australian Lawyers Alliance wants the Royal Commission to inject more transparency into insurance within superannuation to create awareness of sub-standard policy ter...

Policy & Regulation

Despite everything, people still trust their banks

New research from Deloitte has revealed that, despite everything that has been heard at the Royal Commission, most people still trust their banks....

Life/Risk

FSC proposal described as Trojan horse

Plaintiff law firm, Maurice Blackburn has labelled the Financial Services Council’s failed bid to have life/risk insurers allowed involvement in worker rehabilitation as ...

Policy & Regulation

We won’t be captured, says ASIC chairman

New Australian Securities and Investments Commission chairman, James Shipton has vowed to eliminate the circumstances where the regulator can be perceived to have been ca...

Policy & Regulation

Finance compliance and risk roles on the rise: SEEK

SEEK data has shown that the Royal Commission has led to a direct increase in compliance and risk roles being mandated by clients across all sub-segments of the financial...

Financial planning

RC hits financial services job opportunities

The Royal Commission saw employment prospects in banking and insurance plummet more than any other sector for the September quarter, according to the Sunsuper Australian ...

Financial planning

Advice carve-outs undermine RC findings, says ISA

Industry Super Australia has accused the Government of caving into the retail banks and the wealth management sector in allowing ‘carve-outs’ from the design and distribu...

Financial planning

VOFF letter added to Coalition’s woes

Victims of Financial Fraud has written to Treasurer Josh Frydenberg to remind him how vehemently the party objected to holding a Banking Royal Commission. ...

Policy & Regulation

Govt moves to double financial services penalties

The Federal Government is moving to introduce legislation which will have the effect of doubling the criminal and civil penalties which can be imposed against both corpor...

Features

Financial services take to the stand

In a year in which few sectors of financial services have avoided the eagle eye of Commissioner Kenneth Hayne and his counsels assisting, Hannah Wootton investigates what...