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Showing 11 - 20 of 181 results for "Kenneth"

ASIC releases fee consent instrument

ELIZABETH MCARTHUR  |  THURSDAY, 25 MAR 2021
... is to be provided in the coming months, ASIC said. All three new instruments are directly in response to Commissioner Kenneth Hayne's recommendations from the Royal Commission. "ASIC said that the instruments were designed to strike a balance between ...

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
... consumers should go to AFCA themselves rather than pay a fee. "When handing down the findings of the Royal Commission, Justice Kenneth Hayne captured the sentiment of the hearings in one word - greed," Stackpool told Financial Standard. "Remediator charges ...

Reference checks should cover all advice: FPA

KARREN VERGARA  |  MONDAY, 1 FEB 2021
... also recommended that advisers are bound by the same obligations as mortgage brokers (Recommendation 1.6). Commissioner Kenneth Hayne slammed the advice industry for its poor background-checking practices, urging it to follow in the footsteps of the ...

Key advice reforms tabled

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... restrictions on deducting advice fees from superannuation; and independent disclosure requirements. Putting Commissioner Kenneth Hayne's recommendation 2.1 into practice, the new law is aiming to curb the fee-for-no-service problem. Advisers must ...

RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
... issuing directions and even cancelling licences in exceptional circumstances. The new law comes off the back of Commissioner Kenneth Hayne examining complex frameworks riddled with conflicts of interest. IOOF's complicated structure and poor governance ...

Sam Henderson sentenced

ELIZABETH MCARTHUR  |  TUESDAY, 20 OCT 2020
... Financial Planning Association of Australia, Henderson allegedly called her "aggressive" and "nit-picking". Commissioner Kenneth Hayne did not accept Henderson's defence that the advice he provided to that client was a "draft".

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".

FASEA boycott sparks in-fighting

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
... "The FASEA exam is one important step contributing to transitioning the financial advice industry to, in Commissioner Kenneth Hayne's words, a true 'profession'," Assistant Minister for superannuation, financial services and financial technology Jane ...

Life insurers prepare for grilling

HARRISON WORLEY  |  FRIDAY, 24 APR 2020
... defending Federal Court proceedings brought against it by ASIC relating to a case referred to it by Royal Commissioner Kenneth Hayne - will round out the day.

ASIC turns up the heat on enforcement

HARRISON WORLEY  |  THURSDAY, 27 FEB 2020
... criminal action, following ASIC's investigation. Seven of the cases referred to the corporate regulator by Commissioner Kenneth Hayne are still being looked into by the corporate regulator. "We will continue to put other cases of misconduct before the ...