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Showing 51 - 60 of 124 results for "Commissioner Kenneth Hayne"

Advisers need to behave above the law

HARRISON WORLEY  |  FRIDAY, 22 FEB 2019
... code and the laws administering the conduct of advisers were two different things, drawing on parts of Commissioner Kenneth Hayne's final Royal Commission report into misconduct in financial services to explain the position. "What he's arguing is the ...

Clearview overhauls life insurance premiums

KARREN VERGARA  |  WEDNESDAY, 20 FEB 2019
... type will either remain unchanged or increase to maximum of 10% plus CPI increases, Clearview said. Commissioner Kenneth Hayne said in his final recommendations that the hawking of insurance products should be prohibited. He observed that the "watered-down ...

IOOF braces for new super package, grandfathered commissions changes

KARREN VERGARA  |  TUESDAY, 19 FEB 2019
... than $6000. In terms of grandfathered commissions due to be banned from 1 January 2021, as proposed by Commissioner Kenneth Hayne, this will have a $7 million impact on profit, Mota said. In the six months to December 2018, IOOF reported statutory NPAT ...

Netwealth to benefit from RC fallout

HARRISON WORLEY  |  MONDAY, 18 FEB 2019
The Royal Commission might have been harsh on some financial services providers, but Netwealth said it's poised to benefit. Informing the market of its half-yearly financial performance this morning, the platform provider said strong flows towards ...

Royal Commission recommendations split industry

KARREN VERGARA  |  MONDAY, 18 FEB 2019
Commissioner Kenneth Hayne's final recommendations received a mixed reaction in Financial Standard' s latest spot poll. About a third (31%) surveyed by Financial Standard last week believed the banking Royal Commission final recommendations ...

NAB most distrusted bank in Australia

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
... report and NAB bosses resigned. In January, Commonwealth Bank had the lowest trust score but after Commissioner Kenneth Hayne singled out NAB's leadership almost a fortnight ago, the bank plummeted in the Net Trust Score. NAB started the year with almost ...

Hayne report raises professionalism stakes

JAMIE WILLIAMSON  |  MONDAY, 11 FEB 2019
... Royal Commission's recommendations on compliance and further education in the industry become law. Commissioner Kenneth Hayne is calling for the ASIC Financial Advisers Register (FAR) to be formalised and for the mandatory individual registration ...

Treasury initiates review post RC

KANIKA SOOD  |  FRIDAY, 8 FEB 2019
... However, the services lean on short-term grant based funding streams, fragmented delivery and high demand. Commissioner Kenneth Hayne did not make a specific recommendation on them in his final Royal Commission report on Monday. "The desirability of ...

NAB wealth exit delayed

HARRISON WORLEY  |  FRIDAY, 8 FEB 2019
... report, which singled out the bank and its two head executives for their leadership. In his final report, Commissioner Kenneth Hayne said he was not entirely confident the bank and its leadership had learned lessons of the past, and added he was not ...

NAB chief executive and chair exit

KARREN VERGARA  |  THURSDAY, 7 FEB 2019
... a 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 CEO ...