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Showing 241 - 250 of 388 results for "Hayne"

Advisers need to behave above the law

HARRISON WORLEY  |  FRIDAY, 22 FEB 2019
... code and the laws administering the conduct of advisers were two different things, drawing on parts of Commissioner Kenneth Hayne's final Royal Commission report into misconduct in financial services to explain the position. "What he's arguing is the ...

AFCA hears legacy complaints

KANIKA SOOD  |  THURSDAY, 21 FEB 2019
... firm's internal dispute resolution process, this timeframe is reduced to two years." In his final report Commissioner Hayne recommended that Australian financial services licence (AFSL) holders should be obliged to take reasonable steps to co-operate ...

Clearview overhauls life insurance premiums

KARREN VERGARA  |  WEDNESDAY, 20 FEB 2019
... type will either remain unchanged or increase to maximum of 10% plus CPI increases, Clearview said. Commissioner Kenneth Hayne said in his final recommendations that the hawking of insurance products should be prohibited. He observed that the "watered-down ...

IOOF braces for new super package, grandfathered commissions changes

KARREN VERGARA  |  TUESDAY, 19 FEB 2019
... than $6000. In terms of grandfathered commissions due to be banned from 1 January 2021, as proposed by Commissioner Kenneth Hayne, this will have a $7 million impact on profit, Mota said. In the six months to December 2018, IOOF reported statutory NPAT ...

Netwealth to benefit from RC fallout

HARRISON WORLEY  |  MONDAY, 18 FEB 2019
The Royal Commission might have been harsh on some financial services providers, but Netwealth said it's poised to benefit. Informing the market of its half-yearly financial performance this morning, the platform provider said strong flows towards ...

Royal Commission recommendations split industry

KARREN VERGARA  |  MONDAY, 18 FEB 2019
Commissioner Kenneth Hayne's final recommendations received a mixed reaction in Financial Standard' s latest spot poll. About a third (31%) surveyed by Financial Standard last week believed the banking Royal Commission final recommendations ...

Industry funds wary of stapling default members

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
Kenneth Hayne's recommendation that every Australian have only one default superannuation account over their lifetime doesn't get a complete green tick from industry funds. Visiting Sydney yesterday, Industry Super Australia chief executive Bernie Dean ...

NAB most distrusted bank in Australia

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
... report and NAB bosses resigned. In January, Commonwealth Bank had the lowest trust score but after Commissioner Kenneth Hayne singled out NAB's leadership almost a fortnight ago, the bank plummeted in the Net Trust Score. NAB started the year with almost ...

Former Westpac GM joins APRA review

HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
... Smith-Gander has joined the three-person panel reviewing the prudential regulator, after the Government agreed to act on Kenneth Hayne's recommendation for regular capability reviews and a review of APRA "as soon as is reasonably practicable." In addition ...

Government moves on Royal Commission super recommendations

HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
... penalties to superannuation trustees for breaching their covenants or the director's covenant of obligations, which Hayne also recommended. During the Commission's public hearings, industry super fund Hostplus was questioned about repeatedly ...