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Showing 251 - 260 of 388 results for "Hayne"

Royal Commission will worsen credit crunch: Poll

KARREN VERGARA  |  TUESDAY, 12 FEB 2019
The current credit crunch will deepen as a result of the financial services Royal Commission's final recommendations, Financial Standard 's latest spot poll shows. The majority of respondents (64%) agreed Commissioner Hayne's final report ...

Don't fear credit crunch: Deloitte

JAMIE WILLIAMSON  |  MONDAY, 11 FEB 2019
... made available. Back on property, Hutley said the slow in housing construction likely has little to do with Commissioner Hayne's report, labelling it cyclical. It is slowing but it's not going to throw Australia into a recession or lead to lower interest ...

Hayne report raises professionalism stakes

JAMIE WILLIAMSON  |  MONDAY, 11 FEB 2019
... Royal Commission's recommendations on compliance and further education in the industry become law. Commissioner Kenneth Hayne is calling for the ASIC Financial Advisers Register (FAR) to be formalised and for the mandatory individual registration ...

Treasury initiates review post RC

KANIKA SOOD  |  FRIDAY, 8 FEB 2019
... However, the services lean on short-term grant based funding streams, fragmented delivery and high demand. Commissioner Kenneth Hayne did not make a specific recommendation on them in his final Royal Commission report on Monday. "The desirability of ...

NAB wealth exit delayed

HARRISON WORLEY  |  FRIDAY, 8 FEB 2019
... report, which singled out the bank and its two head executives for their leadership. In his final report, Commissioner Kenneth Hayne said he was not entirely confident the bank and its leadership had learned lessons of the past, and added he was not ...

NAB chief executive and chair exit

KARREN VERGARA  |  THURSDAY, 7 FEB 2019
... a result of past practices and comments made in the Royal Commission's final report about them. Commissioner Kenneth Hayne lambasted the leadership of Thorburn and Henry, believing they have not learned lessons of the past. Thorburn said: "As CEO ...

NAB calls trading halt

KARREN VERGARA  |  THURSDAY, 7 FEB 2019
... market. The bank was singled out in the final report of the Royal Commission released on February 4. Commissioner Kenneth Hayne criticised the leadership of chief executive Andrew Thorburn and chair Ken Henry during the final round of hearings. Hayne ...

AFCA appoints new ombudsman

DARREN SNYDER  |  THURSDAY, 7 FEB 2019
... and chief ombudsman David Locke said: "AFCA recognises the importance of small businesses and the final report from the Hayne Royal Commission clearly demonstrates how devastating it can be when they have financial disputes that are not fairly resolved." ...

Synchron slams RC on commissions

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... commissions are causing advisers some concern, according to Synchron director Don Trapnell. On Monday, Commissioner Kenneth Hayne formally recommended an end to grandfathered commissions, and asked government to push to its current 20-60% commission ...

APRA could oversee stalled super fund mergers

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... particular circumstances, addressing a stalled merger would be an appropriate use of such a power," Commissioner Kenneth Hayne said in his final report. The SIS Act asks that trustees of any responsible entity that offers a MySuper product must conduct ...