#Royal Commission
External Ratings Committee formed to ensure transparency in the financial services sector
An external governance committee has been formed in response to the Royal Commission to ensure transparency in the financial services sector. The industry-led initiative will oversee a new rating system on financial advice licensees to help consumers make informed decisions. According to Australia’s only independent rating service of financial advisers, Adviser Ratings, the establishment of […]
Royal Commission into banking turns finance industry on its head
The findings of the Royal Commission into the banking and financial services sector is expected to turn the finance industry on its head with fears of interest rate rises following a ban on broker commissions. Scottish Pacific CEO Peter Langham said that adding a broker fee for service would be detrimental to small business owners […]
SMEs may have to seek alternative lending following the results of the Royal Commission
Small business owners could be most impacted once the final report of the Royal Commission is released later today. According to Scottish Pacific CEO Peter Langham, the impact of the Royal Commission will be far and wide and there are growing fears that small businesses will find it even harder to access funding. “From where […]