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Showing 111 - 120 of 300 results for %22Hayne Royal Commission%22

Consultation on mortgage broker best interests duty opens

ALLY SELBY  |  THURSDAY, 20 FEB 2020
... consumers and to prioritise their clients when providing credit assistance. Following recommendations from the Hayne Royal Commission, the parliament introduced a best interests duty for mortgage brokers in February 2019. The duty seeks to align the ...

Status quo not option for remuneration: APRA

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
... and possibly longer to restore public trust. She was cautious not to dismiss the progress that has been made in the post-Hayne year, saying APRA has seen evidence that boards and management of financial institutions increasingly recognise that they have ...

Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
... rules - changed for advisers. It's been 12 months since the financial services sector was hit with Commissioner Kenneth Hayne's final report. And while the big banks appeared to be early casualties, it's hard to refute that the financial advice industry ...

Frydenberg takes RC super advice

HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
... charging advice fees in MySuper products. On the eve of the one-year anniversary of the release of Commissioner Kenneth Hayne's final report, Treasurer Josh Frydengberg has released draft legislation implementing several of the report's recommendations ...

Ongoing fees, advice fees in super to be reformed

ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
... outlined in our implementation roadmap," Treasurer Josh Frydenberg said. This comes ahead of the one year anniversary of Hayne's final report on February 5. The draft legislation for recommendation 2.1 will enhance the existing ongoing fee arrangement ...

FPA calls for axe to fall on stamping fees

HARRISON WORLEY  |  WEDNESDAY, 29 JAN 2020
... to the Royal Commission's final report into misconduct in the financial services industry, Bristow recalled Commissioner Hayne's opinion that adding more regulation was not the answer to the industry's woes. "This is also a point of regulation, specifically ...

The growing risk to financial advisers

ALLY SELBY  |  THURSDAY, 23 JAN 2020
... educational requirements and compliance pressures, in addition to major trust issues on the back of the Hayne Royal Commission. "The industry is in a state of flux and for those of us who remain, the transition is not an easy one," Hutton said. "The ...

HESTA names chief risk officer

JAMIE WILLIAMSON  |  THURSDAY, 16 JAN 2020
... Blakey said. Blakey said the Royal Commission spurred the creation of the new role. "In the wake of the Hayne Royal Commission we have seen how critical a strong culture and trust are for financial institutions," she said. "The appointment of Andrew ...

Government edges towards regulator cooperation

HARRISON WORLEY  |  TUESDAY, 7 JAN 2020
... regulators, opening a period of consultation on draft legislation implementing the recommendation of Royal Commissioner Kenneth Hayne that the regulators be bound by a statutory obligation to work together. The Financial Regulator Reform (No.2) Bill ...

ANZ overcharges 3.4 million customers

ALLY SELBY  |  THURSDAY, 19 DEC 2019
... million customers who have been overcharged as the bank swiftly makes good on recommendations from the Hayne Royal Commission. ANZ chief executive Shayne Elliot told shareholders at the bank's annual general meeting in Brisbane on Tuesday that the bank ...