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Showing 111 - 120 of 124 results for "Commissioner Kenneth Hayne"

Plan service fees did not constitute fee for no service: NAB

HARRISON WORLEY  |  TUESDAY, 7 AUG 2018
... was doing his best to explain why the bank sought the amendment. Interjecting during Carter's answer, Commissioner Kenneth Hayne asked Carter if he accepted NAB charged fees for no service. "Commissioner, in this particular instance - as distinguished ...

Royal Commission work impeded: Hayne

DARREN SNYDER  |  THURSDAY, 2 AUG 2018
Commissioner Kenneth Hayne has publicly recorded delays in accessing documents from IOOF ahead of the fifth round of the financial services Royal Commission, beginning August 6. In a ruling published yesterday, the Commissioner detailed that IOOF subsidiary ...

Macquarie platform, wrap businesses soar

KARREN VERGARA  |  FRIDAY, 4 MAY 2018
... 9% year-on-year. Platforms were a hot topic in the financial services Royal Commission last month. Commissioner Kenneth Hayne described AMP's fee structure as a "collection mechanism" that automatically disposes clients' assets to cover administration ...

RECAP: Advice in the Royal Commission spotlight (Days 6- 9)

KANIKA SOOD  |  FRIDAY, 27 APR 2018
... McMaster said the dealer group thought that the letter which arrived at its doorstep in February from Commissioner Kenneth Hayne was an "invitation" and not "mandatory". See more: Royal Commission grills professional associations Royal Commission invite ...

Dover roasted for 'Orwellian' protection policy

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... stating the vast majority if not all of the document was unenforceable. McMaster agreed. At this point, Commissioner Kenneth Hayne intervened, asking McMaster: "Does it not then follow that the document itself is misleading or deceptive?" Warned that ...

Royal Commission invite refused by Dover

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... Commission yesterday, Dover owner Terry McMaster said the licensee assumed a letter received from the Commissioner Kenneth Hayne in February inviting its participation didn't require a response. "It was phrased in terms of an invitation, which we took ...

RECAP: Advice in the Royal Commission spotlight (Day 4 and 5)

KANIKA SOOD  |  FRIDAY, 20 APR 2018
... summarises all the evidence heard on day four and five of the financial advice industry's turn before Commissioner Kenneth Hayne. Executives from Westpac, CBA and AMP have now made an appearance. Here's everything you need to know: April 20: First casualty ...

RC questions adviser sales tactics

KARREN VERGARA  |  FRIDAY, 20 APR 2018
... said, Westpac has made changes to its remuneration models whereby revenue will not be the "hero item." Commissioner Kenneth Hayne questioned why the organisation doesn't value the idea of advisers simply providing genuine advice whereby nothing else ...

Royal Commission must be extended: FSU

HARRISON WORLEY  |  FRIDAY, 20 APR 2018
... revelations of misconduct continue to arise from the inquiry. The Finance Sector Union said the inquiries of Commissioner Kenneth Hayne should not be halted due to time constraints. Additionally, the FSU believes the investigation should allow for the ...

RECAP: Advice in the Royal Commission spotlight (Days 1 - 3)

KANIKA SOOD  |  THURSDAY, 19 APR 2018
... stories and key points you need to know. Australia's top financial institutions are lining up before Commissioner Kenneth Hayne in the latest round of the financial services Royal Commission that runs until April 27. Between shuffling of papers, awkward ...