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Showing 61 - 70 of 132 results for %22Commissioner Kenneth Hayne%22

Royal Commission will worsen credit crunch: Poll

KARREN VERGARA  |  TUESDAY, 12 FEB 2019
... final recommendations, Financial Standard 's latest spot poll shows. The majority of respondents (64%) agreed Commissioner Hayne's final report, which was released on February 4, will have the unintended consequences of making it tougher to obtain ...

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 ...

NAB calls trading halt

KARREN VERGARA  |  THURSDAY, 7 FEB 2019
... market. 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
... commissions 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
... particular 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 conduct ...

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 report's ...

Platforms steady after Royal Commission

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... four 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 migration ...