Search ResultsShowing 1 - 10 of 100+ results for "Kenneth Hayne"
Risk commission changes imperil advice practices
KARREN VERGARA  |  WEDNESDAY, 5 JUN 2019
... as only the largest institutions will be able to survive, it said. Under Recommendation 2.5, Commissioner Kenneth Hayne said ASIC should consider further reducing the cap on commissions for life risk insurance products - unless there is a ...
Big four satisfaction on road to recovery
HARRISON WORLEY  |  TUESDAY, 28 MAY 2019
Around four months after Kenneth Hayne handed down his final report into misconduct in financial services, customers of the big four banks are starting to feel more satisfied. Latest Roy Morgan findings show customer satisfaction with Australia's ...
Super stability not guaranteed: Rice Warner
HARRISON WORLEY  |  FRIDAY, 24 MAY 2019
... of APRA's member outcomes regime. The firm noted the Government would also implement most of Commissioner Kenneth Hayne's recommendations from the Royal Commission, adding another layer of change to the sector. "While the industry would ...
APRA to boost staff numbers
HARRISON WORLEY  |  FRIDAY, 12 APR 2019
... as our primary goal." Byers also noted the cases referred to the prudential regulator by Commissioner Kenneth Hayne would continue to be assessed, but do not carry civil or criminal penalty provisions directly. "We continue to gather ...
Technical Services Forum: Keep advisers informed of change
HARRISON WORLEY  |  THURSDAY, 11 APR 2019
... Later, Ash St. legal and advisory director of governance, compliance and regulatory Samantha Carroll recapped Kenneth Hayne's final Royal Commission report, highlighting the biggest lessons for the financial advice sector. Carroll noted ...
Government bans superannuation funds treating employers
KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
... provisions, it can be slapped with a fine of up to 2000 penalty units. The Bill brings to life Commissioner Kenneth Hayne's recommendation against treating of employers from the Royal Commission final report. Hayne found legislation on how ...
Banks push to leave vertical integration on the table
HARRISON WORLEY  |  WEDNESDAY, 10 APR 2019
... banks should be able to return to the model in the future, should they wish to. Despite Commissioner Kenneth Hayne specifically recommending against it , Hanson's bill would force Australia's banks to jettison the vertical integration ...
Financial advice exit a boon for the industry: Poll
KARREN VERGARA  |  MONDAY, 8 APR 2019
... Group as a standalone division. In handing down the banking Royal Commission final report, Commissioner Kenneth Hayne stopped short of dismantling vertical integration . Hayne said the forced separation of financial advice and companies ...
APRA receives new super powers
KARREN VERGARA  |  FRIDAY, 5 APR 2019
... best interests duty. He added the new law was another example of the Government taking action on Commissioner Kenneth Hayne's final recommendations. This includes Recommendation 3.6, which extends civil penalties to superannuation fund ...
Budget: RC response to cost over $600m
HARRISON WORLEY  |  TUESDAY, 2 APR 2019
... independent authority set to oversee their conduct over the next three years, as recommended by Commissioner Kenneth Hayne. The Budget also reveals APRA's capability review - which Hayne insisted the Government carry out "as soon as reasonably ...
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