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Showing 121 - 130 of 388 results for "Hayne"

Advice reforms to be legislated: Hume

ANNABELLE DICKSON  |  WEDNESDAY, 14 OCT 2020
... Association of Financial Advisers Vision Conference this morning, Senator Jane Hume said the government agreed with the Hayne recommendation for the single disciplinary body and believes it will encourage greater professional discipline in the industry. ...

Super funds squander member money: Bragg

KARREN VERGARA  |  THURSDAY, 24 SEP 2020
... retail and industry funds have exhibited over the last 28 years or so under a system that has operated as "one big silo". The Hayne Royal Commission exposed retail funds acting in their best interest, while the COVID-19 crisis showed industry funds acting ...

Sam Henderson pleads guilty

ELIZABETH MCARTHUR  |  TUESDAY, 25 AUG 2020
... Financial Planning Association of Australia, Henderson allegedly called her "aggressive" and "nit-picking". Commissioner Kenneth Hayne did not accept Henderson's defence of that the advice he provided to that client was a "draft".

Partners Group hires from GSFM

KANIKA SOOD  |  TUESDAY, 4 AUG 2020
... strategic accounts at GSFM, reporting to its chief executive Damien McIntyre. "Significant industry change as a result of the Hayne Royal Commission along the more recent and ongoing impacts stemming from the COVID-19 pandemic, led us to undertake a ...

Super fund members compensated

JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
... instructions to switch the clients out of MySuper." These breaches formed part of a Royal Commission case study, where Commissioner Hayne did not find any licensee breach on the evidence before Commission, Aon Australia said. The remediation was paid ...

ASIC sues CBA, CFS over RC case

HARRISON WORLEY  |  TUESDAY, 23 JUN 2020
ASIC is taking Commonwealth Bank and its wealth arm, Colonial First State, to task over $22 million in conflicted remuneration issues which it alleges ran up until June 30 last year. The corporate regulator has sued CBA, and the investment arm of its ...

Platform prototypes compliance capability

ALLY SELBY  |  THURSDAY, 18 JUN 2020
... sector. "We believe that the future of this industry is using data to provide insight," he said. "We've gone through the Hayne Royal Commission with all these issues in businesses where they didn't have their files; they couldn't find out what ...

ASIC quietly granted new access to phone taps

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUN 2020
... that evidence with ASIC. The new powers were again recommended during the Royal Commission. The Financial Sector Reform (Hayne Royal Commission Response - Stronger Regulators (2019 measures)) Bill 2020 explanatory memorandum outlined why ASIC needed ...

Research firm bolsters executive leadership

HARRISON WORLEY  |  WEDNESDAY, 10 JUN 2020
... advice sector, including by helping advice firms break away from large institutions and their "inherent conflicts". "The Hayne Royal Commission has been a catalyst for change for advisers, investors and fund managers," Purcell said. "Nearly 80% of advice ...

Dealer groups slam FPA policy

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... ill-considered given the hard work that the entire advice sector has put in to overcome historic shortfalls brought to light by the Hayne Royal Commission and in light of the leading work that AFSLs bring to bear in areas of education, risk mitigation ...