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Showing 31 - 40 of 56 results for "Commissioner Hayne"

Royal Commission will worsen credit crunch: Poll

KARREN VERGARA  |  TUESDAY, 12 FEB 2019
The current credit crunch will deepen as a result of the financial services Royal Commission's final recommendations, Financial Standard 's latest spot poll shows. The majority of respondents (64%) agreed Commissioner Hayne's final report ...

Don't fear credit crunch: Deloitte

JAMIE WILLIAMSON  |  MONDAY, 11 FEB 2019
... made available. Back on property, Hutley said the slow in housing construction likely has little to do with Commissioner Hayne's report, labelling it cyclical. It is slowing but it's not going to throw Australia into a recession or lead to lower interest ...

Hayne report raises professionalism stakes

JAMIE WILLIAMSON  |  MONDAY, 11 FEB 2019
... standards of advisers, it must not only be independent of industry but also be seen to be independent of industry." Commissioner Hayne notes in the report that both De Gori and Association of Financial Advisers chief executive Phil Kewin testified to ...

Synchron slams RC on commissions

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... insurance in 2022 [sic], it was part of the Life Insurance Framework," Trapnell said. "The only difference is that Commissioner Hayne has said we should look at life insurance commissions with a view to bringing them down to zero, unless there is a commercial ...

Institutions respond to Royal Commission, make commitments

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... Commission's final report. Landing yesterday, the report was scathing in its assessment of banking executives. Commissioner Hayne said the final round of hearings - which saw chief executives and chairs of the big banks, AMP and financial services regulators ...

AFSL reference checking protocols required

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
... protocols should be mandatory for all advice licensees, the Royal Commission has said. In the final report, Commissioner Hayne has called out advice licensees for not sufficiently sharing information about advisers with ASIC or other licensees. He believes ...

Harder for insurers to dodge claims

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... service and funeral insurance not being subject to financial policies," Hanrahan said. "But with this report Commissioner Hayne is almost saying there is no more special treatment for insurance, and is pushing back the insurance law towards community ...

Former ACCC chair will lead APRA capability review

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... assessment of APRA's policy and supervisory framework for banks and insurers," the Government said. Separately, Commissioner Hayne recommended a new regulatory overseer for ASIC and APRA, and said there roles should be adjusted when it comes to the ...

Managed accounts not immune to Royal Commission

KARREN VERGARA  |  TUESDAY, 22 JAN 2019
... prevalence of conflicts of interest in the interim report. It is an area Wivell Plater "confidently" predicts Commissioner Hayne will recommend increased focus in the final report due on February 1. Wivell Plater said advisers who offer or recommend ...

Grandfathered commissions: Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 19 DEC 2018
Almost two-thirds of financial advisers are against the removal of grandfathered commissions. A recent poll conducted by Financial Standard's sister publication FS Advice found 63% of respondents do not believe the payment of grandfathered commissions ...