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ROYAL COMMISSION
People & Products
AMP has hired experienced financial services executive, Luke Symons, into its advice team to help drive its rebuilding following the Royal Commission’s continued fallout....
Editorial
Recent history has proved that creating more layers of regulation rarely represents a panacea for problematic industries, yet the financial services is being made to pay ...
Financial planning
Bank customers are less likely to recommend their bank as a result of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry,...
Accounting
While many accountants have been proactive in restructuring their businesses to ensure they are “relevant and successful” in the future, “a significantly greater number” ...
Superannuation
A Royal Commission background paper has noted the ‘relatively high proportion’ of industry fund expenses not explained through publicly-available data....
Financial planning
Bank customer satisfaction has dropped to its lowest monthly satisfaction level since April 2012 as the Finance Royal Commission continues....
Life/Risk
The Australian Securities and Investments Commission has urged giving consumers the right to take legal action against insurers who breach the Financial Services Council’...
Superannuation
Royal Commission letters to major superannuation funds have revealed the degree to which fund executives are facing tough questions on their travel and marketing expendit...
Financial planning
Centrepoint Alliance chief executive, Angus Benbow, says he sees the Royal Commission as an opportunity rather than a threat for appropriately structured planning groups....
Financial planning
Bank customer satisfaction has dropped to the lowest level since May 2012, prior to the Royal Commission, says Roy Morgan....
Editorial
The unprecedented nature of the closure of the Dover Financial Services business and resultant limbo status of its clients and advisers must act as a catalyst for change ...
Policy & Regulation
The Federal Treasury has told the Royal Commission that industry self-regulation may fall short if industry codes of practice are neither uniform nor unenforceable....
Financial planning
The Australian Securities and Investments Commission has cited the adverse impact of a sales culture in financial planning as it argues against revenue-based remuneration...
Life/Risk
The Federal Treasurer, Scott Morrison, has strongly ruled out the possibility of the Commonwealth compensating people identified in the Royal Commission as having been wr...
Policy & Regulation
Banks and others were taking up to four years to deal with breach reports but the Royal Commission has caused a shake-up, generating a 39 per cent spike....
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...