Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 91 - 100 of 141 results for "Kenneth Hayne"

Managed accounts not immune to Royal Commission

KARREN VERGARA  |  TUESDAY, 22 JAN 2019
... thinking that managed accounts are not subject to the same conflicts of interest as larger institutions. Commissioner Kenneth Hayne lambasted the prevalence of conflicts of interest in the interim report. It is an area Wivell Plater "confidently" predicts ...

International equities rule Aussie ETFs: Vanguard

HARRISON WORLEY  |  MONDAY, 14 JAN 2019
... said 2019 would be a strong year for ETFs, forecasting the Australian market to clear $50 billion in assets. With Kenneth Hayne set to hand down his final report into misconduct in financial services on February 1, the fund manager is anticipating Hayne's ...

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... to poor consumer outcomes. Hayne admonishes ASIC In his interim report released late in September, Commissioner Kenneth Hayne criticised ASIC's negotiation strategies and tardiness in remediating misconduct that can take years to resolve and for ...

Royal Commission sparks risk book sell-off

JAMIE WILLIAMSON  |  FRIDAY, 14 DEC 2018
Financial planners with smaller risk insurance books are looking to offload them now, save waiting for Commissioner Kenneth Hayne's final report. According to Radar Results, there has been a jump in the number of planners looking to sell risk books ...

Industry dubious about one regulatory body: Survey

KARREN VERGARA  |  MONDAY, 10 DEC 2018
... bodies police the financial services sector, and both often blamed a lack of resources and funding. Commissioner Kenneth Hayne criticised APRA and ASIC in his September interim report, highlighting several instances of inefficiencies and failure to impose ...

Royal Commission: And that is a wrap

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... public were provided a glimpse into the tireless work of the financial services Royal Commission as Commissioner Kenneth Hayne and counsel assisting Rowena Orr made closing remarks this afternoon. The final day's hearings adjourned at 1.15pm and unlike ...

ANZ hid reasons for executive pay cuts

KANIKA SOOD  |  THURSDAY, 29 NOV 2018
... assisting Rowena Orr said. Did the new pay structure change behaviour in ANZ's executives, both Orr and Commissioner Kenneth Hayne asked at separate points during the afternoon's hearing. Elliott said he wasn't sure because the question hasn't ...

Should banks fund customer litigation?

HARRISON WORLEY  |  TUESDAY, 27 NOV 2018
... issue became a focal point of discussion between the bank's chair and counsel assisting Rowena Orr and Commissioner Kenneth Hayne. On the subject of whether NAB should have negotiated with ASIC over the remediation of customers, Henry said NAB's board ...

Vertical integration not to blame

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
... was not the reason for the industry misconduct exposed in the Royal Commission. In their responses to Commissioner Kenneth Hayne's interim report, Australia's big four banks - as well as AMP and Macquarie - went as far as to say Hayne should avoid recommending ...

Royal Commission: ASIC rethinks negotiation tactics

KARREN VERGARA  |  FRIDAY, 23 NOV 2018
... agreed, but pointed out dialogue between board members and executives intended to be "free-flowing." Commissioner Kenneth Hayne pushed for a note-taker to be present at these meetings. "The preservation of corporate memory of contacts of this kind is ...