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Showing 91 - 100 of 124 results for "Commissioner Kenneth Hayne"

Labor Government on the cards: Spot poll

KARREN VERGARA  |  THURSDAY, 4 OCT 2018
There is a good chance that the Labor Party will win the next election, Financial Standard's readership says. We recently asked our readers which of the following events will likely eventuate in the next 12 months: a global trade war; China going into ...

Royal Commission interim report flawed

JAMIE WILLIAMSON  |  WEDNESDAY, 3 OCT 2018
Commissioner Kenneth Hayne's interim report lacks understanding of financial advice and appears to have ignored submissions on the issues raised throughout the Royal Commission. That is the view of the Association of Financial Advisers which, in ...

AMP, banks respond to RC interim report

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... major players in financial services. While making no recommendations, in discussing the conduct of AMP Commissioner Kenneth Hayne referenced the infamous Clayton Utz report, writing: "Conduct of that kind, if established, might be misconduct. I consider ...

A day of shame for Aussie banks: Bligh

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... financial services marked a "day of shame" for Australia's banks. Holding a press conference after Commissioner Kenneth Hayne handed down his interim report, Bligh said Australia's banks accept full responsibility for their failures, labeling ...

Interim report dotted with questions

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
What is to gain from passing new law? That's one of many questions that dotted Commissioner Kenneth Hayne executive summary for the Banking Royal Commission's final report. Hayne boiled down his 643-word summary to two questions: Why did it ...

Advice industry in hot water

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... greed were the key themes that underscored the Royal Commission's hearing into financial advice, Commissioner Kenneth Hayne has said. Releasing his interim report today, Hayne has said of the misconduct within Australia's major financial institutions ...

Hayne admonishes ASIC

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
Commissioner Kenneth Hayne criticised ASIC's negotiation strategies and tardiness in remediating misconduct that can take years to resolve and for its inability to prevent future breaches. In his interim report Hayne disapproved of ASIC's preferred ...

Super funds call for grandfathering ban

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
... or revocation of authorisation or a licence. ASFA chief executive Martin Fahy said in the lead up to Commissioner Kenneth Hayne handing down his final recommendations, it is imperative that industry and regulators begin work on identified issues immediately ...

CommInsure, TAL engaged in troubling conduct: Royal Commission

KARREN VERGARA  |  MONDAY, 24 SEP 2018
... respect on the part of CBA for FOS, and the external dispute resolution process more broadly," she said. Commissioner Kenneth Hayne commented that several questions emerged from CommInsure's case study - if departing from steps required by FOS' terms ...

Royal Commission hears industry fund admitted wrongdoing to ASIC

HARRISON WORLEY  |  MONDAY, 24 SEP 2018
... decision in response to a complaint about the proposed payment of a death benefit. Costello suggested to Commissioner Kenneth Hayne that it was open to him to find Rest engaged in misconduct by breaching sections of the SIS Act and the Corporations Act ...