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Showing 261 - 270 of 895 results for "Ken"

Banks push to leave vertical integration on the table

HARRISON WORLEY  |  WEDNESDAY, 10 APR 2019
Despite moving in the opposite direction for some time, Australia's banks want to leave the door ajar for a return to the much maligned vertical integration model. As the Senate Standing Committees on Economics probe a Pauline Hanson bill looking to ...

Financial advice exit a boon for the industry: Poll

KARREN VERGARA  |  MONDAY, 8 APR 2019
The big four banks exiting financial advice received a resounding welcome from the industry, according to a new survey. The majority of respondents (62%) polled in Financial Standard's sister publication FS Advice agreed the move will have positive ...

FASEA welcomes new directors

HARRISON WORLEY  |  MONDAY, 8 APR 2019
The government body overseeing the rising education standards in financial advice is welcoming new directors to its board. Australian Financial Complaints Authority board member Elissa Freeman and former Financial Planning Association of Australia director ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
The prudential regulator's powers have been bolstered thanks to new laws that will enable it to take tougher action on trustees and underperforming funds. The Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation ...

Budget: RC response to cost over $600m

HARRISON WORLEY  |  TUESDAY, 2 APR 2019
The Federal Government's response to the Royal Commission into Misconduct in Financial Services is set to cost more than half a billion dollars. The Federal Government has committed $606.7 million over the next five years to facilitate its response ...

Treasury proposes standardised default insurance definitions

KARREN VERGARA  |  FRIDAY, 29 MAR 2019
Commissioner Kenneth Hayne's push to have standardised terms and definitions for group insurance is open for consultation until April 26. Treasurer Josh Frydenberg is taking recommendation 4.13 from the Royal Commission's final report further by determining ...

ASIC dismisses Royal Commission insider trading reports

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAR 2019
ASIC has told parliament there was no insider trading around the release of the Royal Commission's final report. This comes after the Labor party suggested insider trading was responsible for bank stocks rising immediately on the back of Kenneth Hayne's ...

Frydenberg takes action on banning grandfathered commissions

HARRISON WORLEY  |  THURSDAY, 28 MAR 2019
Consultation is now open for the Federal Government's response to Commissioner Kenneth Hayne's recommendation that grandfathered conflicted remuneration should be eliminated. The new regulation proposes financial product manufacturers to pass on to ...

ClearView defends risk advice commissions

KARREN VERGARA  |  TUESDAY, 26 MAR 2019
ClearView is countering Commissioner Kenneth Hayne's recommendation to reduce or eliminate commissions financial advisers earn from life insurance products. It is "way too early," ClearView wrote in an email to advisers, to consider tinkering with ...

EQT hires risk and superannuation strategy lead

KARREN VERGARA  |  MONDAY, 25 MAR 2019
Equity Trustees hired a former APRA manager to the newly created role of head of risk and superannuation strategy. Justin Watts joins EQT's growing Superannuation Trustee Office (STO). Watts worked across a range of areas including superannuation, insurance ...