Royal Commission

Life/Risk

“Downgrading” life/risk products under fire at RC

The practice of offering “downgraded” life insurance products has come under the spotlight at the Royal Commission, with Clearview questioned over its practice of offerin...

Life/Risk

Targeting of “poorer people” by Clearview questioned by Commission

Clearview’s targeting of particular demographics for its life/risk products has come under fire on the first day of the Royal insurance hearings, in regard to the insurer...

Editorial

2019 will be a change year for financial services

The Royal Commission when combined with the Federal Election will dictate significant change for financial planners in 2019. ...

Financial planning

Will FASEA rules make intra-fund, scaled advice unviable?

There is real danger that the rules flowing from the Financial Adviser Standards and Ethics Authority will make the delivery of intra-fund, scaled advice and limited lice...

Financial planning

RC background paper’s blunt assessment of life/risk advice

A background paper on the sale of life/risk products provided to the Royal Commission has suggested life/risk advisers recommend in-house products in return for lower dea...

Life/Risk

Big insurers to front Royal Commission

TAL, CommInsure, AMP and ClearView have been named to front the next round of hearings of the Royal Commission into Misconduct in the Banking, Superannuation and Financia...

Policy & Regulation

Has ASIC lost its regulatory authority?

The Royal Commission has been asked to consider whether, by dealing with banks and financial services institutions via press releases and enforceable undertakings rather ...

Policy & Regulation

RC: Banks cop blast compared to industry funds

Counsel assisting the Royal Commission has pointed to serious breaches within the major banks while suggesting many of the issues surrounding industry funds can be dealt ...

Financial planning

RC to make it harder to get mortgage: Finch Financial

The irony of the Royal Commission is that it will make life much harder for the Australian consumer when they want to get a mortgage, Finch Financial says....

Financial planning

Experts see future for dealership model

Despite the Royal Commission tainting perceptions of the financial services industry, a panel has told Money Management and Super Review’s Future of Wealth Management con...

Editorial

Will RC theatre be turned into substance?

The Royal Commission has provided great theatre but there are worrying signs that its narrow focus on the banks and AMP have seen it neglect the failings of other entitie...

Policy & Regulation

RC will force regulation, but less is more

Industry experts told Money Management and Super Review’s Future of Wealth Management conference that while changes from the Royal Commission are welcomed, the regulators...

Financial planning

Four major fin services firms a “high to severe” insolvency risk: SV Partners

Some of Australia’s largest financial services firms are on the brink of insolvency following multiple revelations of misconduct uncovered this year, according to insolve...

Financial planning

Further convergence of accounting and wealth predicted

The publicly-listed company which last year acquired GPS Wealth is predicting the further convergence of accounting and wealth driven by the Royal Commission and the Fina...

Financial planning

Kell admits ASIC acted too slowly on grandfathered commissions

ASIC deputy chair, Peter Kell, has admitted to the Royal Commission that while the regulator has not paid enough attention to grandfathered commissions in the past, it is...