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Showing 21 - 30 of 56 results for "Commissioner Hayne"

On track: APRA reveals RC progress

HARRISON WORLEY  |  THURSDAY, 8 AUG 2019
... changes to be finalised in 2020. The regulator also said its examination of the 12 matters referred to it by Commissioner Hayne during the Royal Commission was "advanced", with discussion ongoing between APRA, ASIC and "other relevant agencies" to address ...

Industry wide pay cut for boards

ELIZABETH MCARTHUR  |  TUESDAY, 4 JUN 2019
... already being felt by Australia's financial institutions, as shareholders and their boards move to act upon Commissioner Hayne's recommendations." Overall, across all industries and organisation types, chairs had a remuneration increase of 3% and director ...

Advice practice supply outweighs demand

JAMIE WILLIAMSON  |  MONDAY, 13 MAY 2019
The valuation gap between high-quality financial advice businesses and conventional practices is growing, with the sector quickly turning into a buyers' market. Latest insights from Radar Results show the valuation gap between high-quality practices ...

Poor governance spurs calls for directorship caps

JAMIE WILLIAMSON  |  MONDAY, 8 APR 2019
... the Royal Commission final report, the Governance Institute of Australia chief executive Megan Motto said: "Commissioner Hayne and his team is right to highlight the important role of leadership embedding an ethical culture from the top down." "It cannot ...

AFA takes red pen to Hayne report

HARRISON WORLEY  |  WEDNESDAY, 20 MAR 2019
... association this week, AFA general manager policy and professionalism Phil Anderson issued a pointed assessment of Commissioner Hayne's final report, saying it fails to acknowledge financial advisers working for the benefit of their client, instead focussing ...

Codes of conduct to be made enforceable

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
... "the establishment and imposition of mandatory financial services industry codes." "As further recommended by Commissioner Hayne, to deal with the case where an industry does not put forward its proposed enforceable code provisions in a timely manner ...

NAB agrees to RC wealth recommendations

HARRISON WORLEY  |  FRIDAY, 15 MAR 2019
... Commission's recommendations directly relating to the wealth management industry. Releasing its full response to Commissioner Hayne's 76 suggested changes to Australia's financial services industry, NAB said it disagrees with four banking recommendations. ...

Labor responds to Royal Commission final report

JAMIE WILLIAMSON  |  MONDAY, 25 FEB 2019
... party said it will also move to introduce a best interest duty for brokers, in line with the recommendation by Commissioner Hayne. Outlining additional measures, Labor will look to improve the Australian Financial Complaints Authority (AFCA). Caps on ...

AFCA hears legacy complaints

KANIKA SOOD  |  THURSDAY, 21 FEB 2019
... firm's internal dispute resolution process, this timeframe is reduced to two years." In his final report Commissioner Hayne recommended that Australian financial services licence (AFSL) holders should be obliged to take reasonable steps to co-operate ...

Government moves on Royal Commission super recommendations

HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
The Federal Government has amended the SIS Act and some of its superannuation bills to include recommendations made in the Royal Commission's final report. Superannuation fund trustees are set to be banned from treating employers in efforts to be ...