Search ResultsShowing 91 - 100 of 100+ results for "Kenneth Hayne"
CommInsure, TAL engaged in troubling conduct: Royal Commission
KARREN VERGARA  |  MONDAY, 24 SEP 2018
... respect on the part of CBA for FOS, and the external dispute resolution process more broadly," she said. Commissioner Kenneth Hayne commented that several questions emerged from CommInsure's case study - if departing from steps required by FOS' terms ...
Royal Commission hears industry fund admitted wrongdoing to ASIC
HARRISON WORLEY  |  MONDAY, 24 SEP 2018
... decision in response to a complaint about the proposed payment of a death benefit. Costello suggested to Commissioner Kenneth Hayne that it was open to him to find Rest engaged in misconduct by breaching sections of the SIS Act and the Corporations Act ...
Trustees caught in a balancing act
KARREN VERGARA  |  THURSDAY, 6 SEP 2018
... opening the fifth round of the Royal Commission on August 6, counsel assisting Michael Hodge urged Commissioner Kenneth Hayne to examine: "What happens when we leave these trustees alone in the dark with our money?" "Can they be trusted to do the right ...
Retail super funds reject MySuper delays
KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... the transition of members into cheaper MySuper products. In response to recommendations put forth to Commissioner Kenneth Hayne on August 24, many retail funds denied any wrongdoing in keeping members in products that charged expensive legacy fees instead ...
Royal Commission challenges super regulators
KARREN VERGARA  |  TUESDAY, 28 AUG 2018
... Hewitt, Mercer, and Westpac and its subsidiaries not making an appearance, Hodge said it was open to Commissioner Kenneth Hayne if they engaged in misconduct and breached corporations law. Hodge recommended Aon Hewitt may have breached the Corporations ...
Retail super funds in hot water: Royal Commission
KARREN VERGARA  |  MONDAY, 27 AUG 2018
... super funds were dominant in the 223-page document. Counsel assisting Michael Hodge said it is open to Commissioner Kenneth Hayne to find that NAB and its two trustees, Nulis Nominees and MLC Nominees, breached the Corporations Act and Superannuation ...
Super funds cop governance grilling
HARRISON WORLEY  |  TUESDAY, 21 AUG 2018
... super 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. Beginning ...
ASIC defends enforceable undertakings at Royal Commission
KANIKA SOOD  |  FRIDAY, 17 AUG 2018
... for the regulator to determine what it wants from a particular member of the regulated community?" Commssioner Kenneth Hayne asked earlier in the session, alluding to ASIC's negotiation of the EU contract. Why not try for a civil penalty? That's ...
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 Australian ...
Suncorp suppressed tax benefits to super members
KARREN VERGARA  |  TUESDAY, 14 AUG 2018
... calculating 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 it ...
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