Search ResultsShowing 41 - 50 of 100+ results for "Kenneth Hayne"
NAB chief executive and chair exit
KARREN VERGARA  |  THURSDAY, 7 FEB 2019
... result of past practices and comments made in the Royal Commission's final report about them. Commissioner Kenneth Hayne lambasted the leadership of Thorburn and Henry , believing they have not learned lessons of the past. Thorburn said: "As ...
NAB calls trading halt
KARREN VERGARA  |  THURSDAY, 7 FEB 2019
... The bank was singled out in the final report of the Royal Commission released on February 4. Commissioner Kenneth Hayne criticised the leadership of chief executive Andrew Thorburn and chair Ken Henry during the final round of hearings. Hayne ...
Synchron slams RC on commissions
KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... are causing advisers some concern, according to Synchron director Don Trapnell. On Monday, Commissioner Kenneth Hayne formally recommended an end to grandfathered commissions , and asked government to push to its current 20-60% commission ...
APRA could oversee stalled super fund mergers
KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... circumstances, addressing a stalled merger would be an appropriate use of such a power," Commissioner Kenneth Hayne said in his final report. The SIS Act asks that trustees of any responsible entity that offers a MySuper product must ...
Royal Commission sobering and overdue: Labor
DARREN SNYDER  |  TUESDAY, 5 FEB 2019
... be robust and they should be, above all, ethical," Bowen said. Labor, in principle, accepts all of Commissioner Kenneth Hayne's 76 recommendations. "We would have a Treasury taskforce to work with a Shorten Labor government on implementing the ...
Platforms steady after Royal Commission
KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... banks, AMP and IOOF can breathe a sigh of relief after the Royal Commission's final report. Commissioner Kenneth Hayne did not recommend either structural separation or wider approved product lists. And this could slow down the adviser ...
ASIC enforcement must get tough: Commissioner
KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... the regulator's day-to-day dealings with its subjects, the Royal Commission final report said. Commissioner Kenneth Hayne said when ASIC identifies misconduct, its starting point should be "why not litigate?" instead of the "negotiate" tack the ...
Superannuation to face BEAR: Hayne
KARREN VERGARA  |  TUESDAY, 5 FEB 2019
... be extended to superannuation. This is one of nine recommendations for the superannuation sector Commissioner Kenneth Hayne has pushed for in his final report released overnight. The BEAR came into effect for large ADIs on 1 July 2018 and becomes ...
Hayne stops short of dismantling vertical integration
HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
The business model under fire for much of the Royal Commission has escaped punishment in Kenneth Hayne's final report. In handing over his 76 recommendations to improve the banking and financial services industry in Australia, Hayne avoided ...
Conflicts of interest recommendation falls short
KARREN VERGARA  |  MONDAY, 4 FEB 2019
... by some to address conflicts of interest at the heart of most misconduct, ISA said. However, Commissioner Kenneth Hayne did point out in the final report that conflicts of interest arise in both profit-for-member funds and retail funds. "In ...
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