Search ResultsShowing 1 - 10 of 80 results for "Kenneth Hayne"
Clearview overhauls life insurance premiums
KARREN VERGARA  |  WEDNESDAY, 20 FEB 2019
... 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 ...
IOOF braces for new super package, grandfathered commissions changes
KARREN VERGARA  |  TUESDAY, 19 FEB 2019
... $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
... off the back of the Royal Commission. With grandfathered commissions set to be banned following Commissioner Kenneth Hayne's recommendation, Netwealth said it expects some of the $189 billion in funds under administration subject to ...
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 ...
Industry funds wary of stapling default members
KANIKA SOOD  |  FRIDAY, 15 FEB 2019
Kenneth Hayne's recommendation that every Australian have only one default superannuation account over their lifetime doesn't get a complete green tick from industry funds. Visiting Sydney yesterday, Industry Super Australia chief executive Bernie ...
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 ...
Former Westpac GM joins APRA review
HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
... has joined the three-person panel reviewing the prudential regulator, after the Government agreed to act on Kenneth Hayne's recommendation for regular capability reviews and a review of APRA "as soon as is reasonably practicable." In addition ...
Royal Commission will worsen credit crunch: Poll
KARREN VERGARA  |  TUESDAY, 12 FEB 2019
... of new home building over the next few years. Larger apartment projects will probably see the biggest reduction," Garrett said. This week we ask if Commission Kenneth Hayne's final recommendations were : adequate or didn't go far enough?
Hayne report raises professionalism stakes
JAMIE WILLIAMSON  |  MONDAY, 11 FEB 2019
... 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
... 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 ...
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