Financial Services

Royal Commission: A new quality paradigm towards a sustainable financial advice market

The ongoing pressures on the financial advice industry don’t seem like letting up anytime soon, with a need to continue to focus on providing quality advice for clients while also finding ways to ensure advice businesses remain profitable under increasing cost pressures.

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Doing more of the same unlikely to make a substantial difference to regaining trust after the Royal Commission

The question of how financial services organisations can restore trust post the Hayne Royal Commission’s Final Report is not an easy one to answer. There are no silver bullets.

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Culture and governance – Apply, re-apply and keep re-applying

“Getting culture and conduct right is not a supervisory requirement. It is necessary for banks’ and banking’s economic and social sustainability”* With the release of the Hayne Royal Commission’s Final…

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Remuneration – reducing misconduct and repairing trust

The Royal Commission has provided a blueprint for raising the bar on the design, implementation and oversight of remuneration that will have impact beyond just financial services firms.

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A focus on executive accountability

Senior management across the financial services sector are to be held to account in an enhanced supervisory regime to be overseen by both APRA and ASIC.

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Rebuilding trust in financial services after the Royal Commission

The Commission’s work has four clear observations: the connection between conduct and reward; the asymmetry of power and information between financial services entities and their customers; the effect of conflicts between duty and interest; and holding entities to account.

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Six questions our banks need to answer to regain trust

After today’s Banking Royal Commission’s final report it may seem as if it is impossible for banks to regain trust.

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Climate change: The effects have already arrived for insurers

Climate experts predict that this intensity of extreme weather events is likely to become the norm, with raging wildfires and heatwaves also increasing losses.

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It’s a super Melbourne Cup. Understanding transformation the key to finding the winner!

It’s that time of year again – the first Tuesday in November, when we run the Melbourne Cup! Once again, I have been tasked to find the followers of this blog the winner.

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Major Banks: Transitioning to a simpler, safer and more transparent model

KPMG Major Australian Banks Full Year Analysis 2017-18

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Australia striving for a spot in the global Fintech evolution

Over the past five years, the H2 Ventures and KPMG Fintech100 report has tracked the emergence and maturation of the startups looking to revolutionise the financial services sector.

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Life insurers demonstrate resilience under fire

The life insurance sector, like much of the financial services industry, is currently under great scrutiny. But the full picture, while not rosy, is a lot healthier than many might believe.  

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Superannuation rollover tax relief – let’s keep it going

One of the best recommendations in the Productivity Commission (PC) draft report on the superannuation industry was the backing the PC gave to making permanent the current temporary (until 1 July 2020) tax rollover relief for fund mergers and transfer events.

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