No regrets: Hayne reflects on Royal CommissionBY KARREN VERGARA | TUESDAY, 30 MAY 2023 12:37PMNearly six years since the landmark Royal Commission, former High Court justice Kenneth Hayne stands by his recommendations that upended the banking and financial services sectors. Related News |
Editor's Choice
TCorp reorganises investment team
In pursuit of a new operating structure and "simpler portfolio environment", TCorp has created four new investment roles and will farewell its head of portfolio construction and head of portfolio delivery.
Major themes to watch in the ETF space
Speaking at the inaugural Future Investing Forum, experts shared their thoughts on what to expect from the ETF market over the next 12 months.
UK forewarns Australia on wholesale test changes
After recently backflipping on changing its high-net-worth investor (HNWI) tests, the UK serves as a cautionary tale for Australia as it mulls overhauling its own wholesale investor thresholds.
Jim Lamborn retires from JANA
Jim Lamborn has retired from the asset consultant after more than two decades on its leadership team.
Products
Featured Profile
Matt Gaden
HEAD OF AUSTRALIA
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
Helping investors traverse financial markets and build their wealth during the peaks and troughs is Janus Henderson Investors head of Australia Matt Gaden's game plan. He tells Karren Vergara why in this long game of investing, active management wins.
Perhaps Hayne's recommendations should be applied to medicine and law.
A man who never engages in self reflection as per Hayne is an ignoramus
The Pomposity of this is draining.
"The financial services industry is too important to the economy of the nation to allow what has happened in the past to continue or to happen again."
"The fallout also included the near decimation of the financial advice sector, which saw the adviser population dive by 45%."
People have suicided. Honest hardworking caring people have had their businesses destroyed through auditing nightmares using backwards looking stupidity, or a remediation program that flew in the face of logic, or draconian compliance regimes.
Certainly, made it harder for some people who are thieves - the price that was paid by an average human being, qualified as a financial adviser, who is trying to caringly look after another person was way too high.
There are less people looking after less people.
An ENORMOUS amount of time has been wasted.
An ENORMOUS amout of money has been spent on education, or LOST through business opportunity costs.
How has that been helpful