Article tagged with 'Royal Commission'
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ANZ's Elliott voices concerns over credit controls
14 Aug 2019 - ANZ Banking Group chief executive Shayne Elliott has called for more clarity on responsible lending obligations, stating risk aversion has "infected" the banking system.
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Advisers need $2000, clients will pay $500
21 Mar 2019 - Australian research has shown a disconnect between what clients are prepared to pay for risk advice and what advisers would need to charge – and commentators say the same situation would be found in New Zealand.
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Aussie advisers welcome trail ban delay
18 Mar 2019 - The Australian mortgage adviser trade body the MFAA has welcomed the government's decision to soften its stance on trail commission.
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Australian government delays trail ban
13 Mar 2019 - The Australian government has delayed plans to ban trail commission from next year, saying it will review the issue in three years' time instead.
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Major banks pledge support for advisers
07 Mar 2019 - New Zealand’s big four banks have given their support to mortgage advisers in the wake of Australia’s Royal Commission into financial services.
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Australian Labor makes commission U-turn
22 Feb 2019 - Australian advisers have received an unlikely boost in their fight against remuneration reforms proposed by the Royal Commission. The Australian Labor Party has withdrawn its support for a fee-for-service model and has instead proposed a flat, lender-funded fee.
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Insurance report to hurt mortgage advisers: Newpark
15 Feb 2019 - The Financial Markets Authority and Reserve Bank's damning review of conduct and culture in the insurance industry will a "clear impact" on mortgage advisers as regulatory scrutiny heats up for advisers, says Newpark Home Loans boss Andrew Scott.
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Australian PM defends advisers
13 Feb 2019 - Australian Prime Minister Scott Morrison has defended the mortgage advice industry, calling it a "pretty important service", as the country deals with the fallout from the Royal Commission.
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Record profit for banks, but mortgage rates could rise: KPMG
13 Feb 2019 - New Zealand’s banks made a bumper $5.77 billion profit last year, but could be forced to push up mortgage rates because of the Reserve Bank’s capital adequacy proposals, says KPMG.
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NZ fund managers better positioned than Australian: Researcher
13 Feb 2019 - New Zealand’s fund management sector has more competitive offerings than the Australian market – and less to worry about as regulators crack down.