AMP has been hit with another class action less than a week after announcing that it intends to “vigorously defend” itself against mounting claims, this time by Shine Law...

The Association of Financial Advisers has defended the retention of grandfathered trail commissions, arguing they don’t equate to ongoing service or fee for no service....

The Australian Securities and Investments Commission has told the Royal Commission that grandfathered trail commissions equate to ongoing fees....

The Financial Planning Association has told the Royal Commission that grandfathered commission arrangements should be phased out over the next three years....

AMP Limited has defended grandfathering and has suggested removal of the arrangements would be tantamount to retrospective legislation....

The Finance Sector Union is arguing that the existing financial services regulatory regime has been found wonting and that the Royal Commission needs to recommend impleme...

The financial services regulators have emerged as substantial Budget funding winners from the Royal Commission with financial services firms expected to foot much of the ...

As an embattled AMP faces multiple legal actions, the company has said that it “intends to vigorously defend the proceedings” filed against it....

The Finance Sector Union will represent AMP staff at the firm’s annual general meeting today to hear how the firm plans to rebuild its reputation after the Royal Commissi...

Newly-appointed AMP chairman, David Murray has acknowledged the possibility of more board exits generated by angry institutional investors at this week’s annual general m...

Westpac has reported a solid first half amid the challenges presented by the Royal Commission....

Customer satisfaction with banks in the six months to March 2018 was 80.9 per cent, down marginally from 81.0 per cent in February, despite the revelations uncovered in t...

The Federal Government has accepted the majority of the Senate White Collar Crime Report’s recommendations, as it seeks to look like it’s cracking down on penalties for c...

The Federal Treasurer, Scott Morrison has said that it is a matter for the Royal Commission whether the Australian Securities and Investments Commission and the Australia...