Search ResultsShowing 81 - 90 of 99 results for "Commissioner Kenneth Hayne"
Super funds cop governance grilling
HARRISON WORLEY  |  TUESDAY, 21 AUG 2018
... fund, including its funding of ISA's fox in the henhouse advertising campaign (see p.13). Commissioner Kenneth Hayne said some of the propositions in play were whether this met the perceived interest of members and the sole purpose test. ...
Hayne sees red over failed merger
KARREN VERGARA  |  THURSDAY, 16 AUG 2018
Commissioner Kenneth Hayne slammed two industry funds for reneging a potential merger that had clear benefits for members after finding executives were worried their roles were on the line. Talks of a serious merger between Catholic Super and the ...
Suncorp suppressed tax benefits to super members
KARREN VERGARA  |  TUESDAY, 14 AUG 2018
... that fee payable; and disclosing to members fully what the admin expense will cost them. Commissioner Kenneth Hayne interjected with the possibility that members are being double charged - Pinto was unsure. "If you're not certain of ...
Conflict of interest too great for NULIS: Royal Commission
HARRISON WORLEY  |  THURSDAY, 9 AUG 2018
... Returning to the witness stand after NAB's bid to keep some documents secret was rejected by Commissioner Kenneth Hayne, Smith was bombarded with questions arising from documents sent between the corporate regulator and NAB regarding the ...
NAB compensation delays hopelessly conflicted: Royal Commission
KARREN VERGARA  |  WEDNESDAY, 8 AUG 2018
... decisions about the best course of action of how and when to remediate members. At one point, Commissioner Kenneth Hayne interjected that Smith was simply "sitting on the fence." After ASIC was notified of the compliance breaches, NAB/MLC was ...
Fees for no service remediation passes $250 million
DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... at the fifth round of the Royal Commission this week. Focusing on the superannuation industry, Commissioner Kenneth Hayne has been quizzing former NAB and MLC executives about the charging of plan service fees to super members and whether these ...
Plan service fees did not constitute fee for no service: NAB
HARRISON WORLEY  |  TUESDAY, 7 AUG 2018
... doing his best to explain why the bank sought the amendment. Interjecting during Carter's answer, Commissioner Kenneth Hayne asked Carter if he accepted NAB charged fees for no service. "Commissioner, in this particular instance - as distinguished ...
Royal Commission work impeded: Hayne
DARREN SNYDER  |  THURSDAY, 2 AUG 2018
Commissioner Kenneth Hayne has publicly recorded delays in accessing documents from IOOF ahead of the fifth round of the financial services Royal Commission, beginning August 6. In a ruling published yesterday, the Commissioner detailed that IOOF ...
Macquarie platform, wrap businesses soar
KARREN VERGARA  |  FRIDAY, 4 MAY 2018
... 9% year-on-year. Platforms were a hot topic in the financial services Royal Commission last month. Commissioner Kenneth Hayne described AMP's fee structure as a "collection mechanism" that automatically disposes clients' assets to cover ...
RECAP: Advice in the Royal Commission spotlight (Days 6- 9)
KANIKA SOOD  |  FRIDAY, 27 APR 2018
... said the dealer group thought that the letter which arrived at its doorstep in February from Commissioner Kenneth Hayne was an "invitation" and not "mandatory". See more: Royal Commission grills professional associations Royal Commission ...
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