News

The banking royal commission’s final report has not called for the structural separation between product and financial advice, stating it would be costly.

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ASIC, Regulation

RC calls for individual rego, new disciplinary body

February 4, 2019

Jason Spits

Advisers should be individually registered and subject to a new, powerful, single disciplinary body, according to the banking royal commission.

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Regulation

Govt to create compensation scheme of last resort

February 4, 2019

Jason Spits

The federal government will create a compensation scheme of last resort after the banking royal commission added its support to the Ramsay review’s call for its creation.

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Financial Planning, Regulation

Hayne calls for end to grandfathered commissions

February 4, 2019

Malavika Santhebennur

The banking royal commission’s final report has called for the scrapping of grandfathered commissions and for those relating to life/risk advice to be reduced to zero.

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Regulation, Superannuation

RC report targets super selling, default funds

February 4, 2019

Darin Tyson-Chan

The unsolicited selling of super funds will be banned and superannuants will be defaulted a single time as a result of the recommendations from the banking royal commission.

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Superannuation