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Showing 11 - 20 of 21 results for "Royal Commission Final Report"

Indigenous super access needs improvement

KARREN VERGARA  |  TUESDAY, 19 MAR 2019
... such practices and procedures carried out by trained staff. One of Hayne's recommendations in the Royal Commission final report is for the Australian Banking Association to amend its code so that if a customer identifies as an ATSI, the bank will follow ...

Industry fund executive takes new role

HARRISON WORLEY  |  TUESDAY, 19 MAR 2019
The chief risk and compliance officer of an industry superannuation fund managing more than $6 billion has made the move to a bigger fund. Vision Super is welcoming Nikki Schimmel to the fold, after the former LUCRF chief risk and compliance officer's ...

IFM Investors adds policy director

KARREN VERGARA  |  THURSDAY, 28 FEB 2019
... sound like a good idea. Commenting on Commissioner Kenneth Hayne's recommendation in the banking Royal Commission final report, Dean said stapling may potentially encourage errant behaviour as funds try to sign up the first-time entrants into the superannuation ...

Labor responds to Royal Commission final report

JAMIE WILLIAMSON  |  MONDAY, 25 FEB 2019
The Labor Party will look to ban the payment of grandfathered commissions by January 2020 if successful at the upcoming Federal election. Responding to the final report, Shadow Treasurer Chris Bowen said the party has already tabled a bill to end the ...

NAB wealth exit delayed

HARRISON WORLEY  |  FRIDAY, 8 FEB 2019
... was yet to arrive about the proposed legislative changes resulting from the recommendations of the Royal Commission final report, the current regulatory and operating environment for wealth business was tough. "A delay of the intended public markets ...

ASIC enforcement must get tough: Commissioner

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... muscle but it should be separated from the regulator's day-to-day dealings with its subjects, the Royal Commission final report said. Commissioner Kenneth Hayne said when ASIC identifies misconduct, its starting point should be "why not litigate?" instead ...

Conflicts of interest recommendation falls short

KARREN VERGARA  |  MONDAY, 4 FEB 2019
Industry Super Australia has criticised the banking Royal Commission final report for falling short of addressing conflicts of interest. Industry Super Australia said the structure of the industry and other profit-to-member super funds has avoided such ...

Life risk commissions must also go: Hayne

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... further when it reviews the impact of the reforms in 2021. It is one of 76 recommendations of the Royal Commission final report. Why get rid of the commissions? Hayne reiterated a multi-billion dollar risk commission payout that was also cited by Rowena ...

Hayne recommends new regulatory overseer

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
The Royal Commission final report recommends the roles of ASIC and APRA be adjusted when it comes to superannuation oversight. A new independent body will also oversee the regulators. Releasing his final report into Misconduct in the Banking, Superannuation ...

Former ACCC chair will lead APRA capability review

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... Josh Frydenberg said a capability review would be launched into APRA and led by Graeme Samuel. The Royal Commission final report recommended regular capability reviews of both APRA and ASIC every four years, with a review of APRA recommended by the Commissioner ...