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Showing 321 - 330 of 388 results for "Hayne"

Hayne sees red over failed merger

KARREN VERGARA  |  THURSDAY, 16 AUG 2018
Commissioner Kenneth Hayne slammed two industry funds for reneging a potential merger that had clear benefits for members after finding executives were worried their roles were on the line. Talks of a serious merger between Catholic Super and the Australian ...

Financial services confidence continues spiral

DARREN SNYDER  |  WEDNESDAY, 15 AUG 2018
A corporate governance expert believes confidence in Australia's financial institutions will continue to fall while they remain exposed to the pursuit of profit to the detriment of customers. Governance Institute of Australia chief executive Steven ...

Suncorp suppressed tax benefits to super members

KARREN VERGARA  |  TUESDAY, 14 AUG 2018
The Hayne Royal Commission put the spotlight on obscure administration fees and intra-company arrangements, as well as tax benefits superannuation funds are withholding from members. Suncorp was in the hot seat this morning, represented by Maurizio ...

NAB initially under-reported remediation bill to ASIC

KANIKA SOOD  |  MONDAY, 13 AUG 2018
... regulator asked. "We would have had a conversation...we would have asked them about the timing of their report," Hagger said. Hayne pointed out the flaw in Hagger's lack of disclosure to ASIC. "[It's like telling ASIC] ask us what you like but we won't ...

Royal Commission on social media: Former Treasurer weighs in

HARRISON WORLEY  |  FRIDAY, 10 AUG 2018
... journalist Michael Roddan questioned the value of the fox in the henhouse campaign... for different reasons to Commissioner Hayne. IOOF does not seem to understand the idea of being a fiduciary. The difference between Chris Kelaher from IOOF, and Ian ...

Conflict of interest too great for NULIS: Royal Commission

HARRISON WORLEY  |  THURSDAY, 9 AUG 2018
... hearings. Returning to the witness stand after NAB's bid to keep some documents secret was rejected by Commissioner Kenneth Hayne, Smith was bombarded with questions arising from documents sent between the corporate regulator and NAB regarding the extent ...

NAB compensation delays hopelessly conflicted: Royal Commission

KARREN VERGARA  |  WEDNESDAY, 8 AUG 2018
... definitive decisions about the best course of action of how and when to remediate members. At one point, Commissioner Kenneth Hayne interjected that Smith was simply "sitting on the fence." After ASIC was notified of the compliance breaches, NAB/MLC ...

Fees for no service remediation passes $250 million

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... topic at the fifth round of the Royal Commission this week. Focusing on the superannuation industry, Commissioner Kenneth Hayne has been quizzing former NAB and MLC executives about the charging of plan service fees to super members and whether these ...

Plan service fees did not constitute fee for no service: NAB

HARRISON WORLEY  |  TUESDAY, 7 AUG 2018
... was doing his best to explain why the bank sought the amendment. Interjecting during Carter's answer, Commissioner Kenneth Hayne asked Carter if he accepted NAB charged fees for no service. "Commissioner, in this particular instance - as distinguished ...

Royal Commission work impeded: Hayne

DARREN SNYDER  |  THURSDAY, 2 AUG 2018
Commissioner Kenneth Hayne has publicly recorded delays in accessing documents from IOOF ahead of the fifth round of the financial services Royal Commission, beginning August 6. In a ruling published yesterday, the Commissioner detailed that IOOF subsidiary ...