Tuesday, October 26, 2021

Compliance & regulation

AMP Royal Commission Latest

AMP has rejected claims that it may have breached the Australian Corporations Act in its handling of an independent report into ‘fee for no...

AMP Delays Decision on NZ Business

AMP is yet to decide the future of its New Zealand operations, AMP Interim Executive Chairman, Mike Wilkins’, indicated at its AGM held last week. Wilkins...

Advisers Favour ‘Critical Illness’ Terminology

The results from our latest poll indicate the majority of advisers favour a move that would see the term 'Critical Illness Insurance' adopted across...

Advisers to Have Stronger Say in Draft Code 

Financial Advice New Zealand has revealed it is forming an adviser panel in association with the Code Working Group (CWG), to ensure the adviser’s...

Aussie Royal Commission Causing a Stir in NZ 

Australia’s Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry appears to be having a direct flow-on effect into the New...

Greater Disclosure Will Help Industry Long-term, Says AFA  

Although tighter requirements around disclosure may cause ‘short-term pain’ for RFAs, the changes will strengthen the industry in time, says Cave Financial's Managing Director, Michael...

Launch of New International Paraplanning Standard

A new International Paraplanning Standard benchmark has been released in the UK this week. Initiated by UK consulting firm, Standards International, the Paraplanning Standard has...

AMP Chair Resigns Following Royal Commission Revelations

The Chair of the Board of AMP, Catherine Brenner, has resigned, effective immediately following revelations at the Royal Commission into Misconduct in the Banking,...

Royal Commission: AMP, Banks May Face Criminal Charges Over Advice Failings

Australia's Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has been told that AMP and the four major Australian banks...