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Showing 31 - 40 of 369 results for "Hayne"

Australian firms spend 3.6bn on financial crimes

CASSANDRA BALDINI  |  THURSDAY, 16 JUN 2022
A new study has shown that Australian financial service companies are expected to spend more than $3.6 billion on financial crime compliance in 2022. Yesterday LexisNexis Risk Solutions released the first Australian edition of its true cost of compliance ...

Calls for Indigenous super beneficiary changes renewed

ANDREW MCKEAN  |  MONDAY, 30 MAY 2022
... death. Scheerlinck said: "In 2019 Treasury held a consultation on this issue, which was also identified by Commissioner Hayne during the Royal Commission. There have been no developments here and we will lobby the new government to reprioritise this ...

Trust in financial services jumps: CFA

ANDREW MCKEAN  |  WEDNESDAY, 18 MAY 2022
... trust has jumped significantly since 2020 when just one in four investors trusted the financial services industry, with the Hayne Royal Commission eroding confidence in the asset management industry given the significant amount of negative news coverage ...

FSCP panel members named

CHLOE WALKER  |  TUESDAY, 15 FEB 2022
... Credit Panel (FSCP) have been appointed by Treasury as the new disciplinary regime kicks off. The Financial Sector Reform (Hayne Royal Commission Response - Better Advice) Act 2021 established the FSCP within ASIC as the single disciplinary body for ...

Economics Committee to examine rainy day funds

CHLOE WALKER  |  TUESDAY, 8 FEB 2022
... Section 56 of the Superannuation Industry (Supervision) Act 1996 were made as part of the government's response to the Hayne Royal Commission to protect the funds of members by preventing trustees from using these funds to pay for fines incurred ...

RI Advice slapped with $6m penalty

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
... apparent. Doyle was affiliated with RI Advice between May 2013 and June 2016. Doyle and RI Advice were closely examined at the Hayne Royal Commission as a case study in "bad advice".

Consumer advocates criticise advice review

ELIZABETH MCARTHUR  |  THURSDAY, 3 FEB 2022
... Consumer Action Law Centre has concerns that the Quality of Advice Review draft terms of references forget Commissioner Hayne's findings on conflicted remuneration. In the centre's submission on the review's draft terms of references, it argued conflicted ...

FSC names acting chief executive

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
... of the Asia Funds Passport, two Life Insurance Codes and the Stewardship Code for fund managers. Loane was grilled at the Hayne Royal Commission where she struggled to answer basic questions about the dodgy sales practices of life insurers.

Labor pledges calm in superannuation

KARREN VERGARA  |  WEDNESDAY, 15 DEC 2021
... proposed]." Highlighting the conflicts on interests that exist in vertically integrated organisations as exposed by the Hayne Royal Commission, Jones said it would be naive to think that this only exists with advisers attached to retail funds. Hume agreed ...

De Ferrari returns to Credit Suisse

KARREN VERGARA  |  TUESDAY, 14 DEC 2021
... interim. The Credit Suisse veteran took the reins at AMP on 1 December 2018 as the firm grappled with the fallout from the Hayne Royal Commission. De Ferrari was hired on a rolling contract with either party being able to terminate on six months' ...