Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 331 - 340 of 388 results for "Hayne"

Vertical integration needs overhaul: Poll

KANIKA SOOD  |  MONDAY, 14 MAY 2018
... voters strongly disagreed that vertical integration needs a re-model while another 13% disagreed. Two weeks into Commissioner Hayne's last hearing from the advice industry, licensees have taken some measures to move away from the traps of vertically-integrated ...

Macquarie platform, wrap businesses soar

KARREN VERGARA  |  FRIDAY, 4 MAY 2018
... 9% year-on-year. Platforms were a hot topic in the financial services Royal Commission last month. Commissioner Kenneth Hayne described AMP's fee structure as a "collection mechanism" that automatically disposes clients' assets to cover administration ...

RECAP: Advice in the Royal Commission spotlight (Days 6- 9)

KANIKA SOOD  |  FRIDAY, 27 APR 2018
... impersonate his client on phone calls to superannuation funds; and a dealer group owner who thought a letter from Commissioner Hayne was an "invitation" subject to their will to participate. Here's everything that went down at the final week of the advice ...

Dover roasted for 'Orwellian' protection policy

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... stating the vast majority if not all of the document was unenforceable. McMaster agreed. At this point, Commissioner Kenneth Hayne intervened, asking McMaster: "Does it not then follow that the document itself is misleading or deceptive?" Warned that ...

Royal Commission invite refused by Dover

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... Commission yesterday, Dover owner Terry McMaster said the licensee assumed a letter received from the Commissioner Kenneth Hayne in February inviting its participation didn't require a response. "It was phrased in terms of an invitation, which we took ...

Royal Commission grills professional associations

KARREN VERGARA  |  THURSDAY, 26 APR 2018
... and is the association to 40% of Australia's financial advisers. The Association of Financial Advisers will also face the Hayne Commission.

RECAP: Advice in the Royal Commission spotlight (Day 4 and 5)

KANIKA SOOD  |  FRIDAY, 20 APR 2018
... summarises all the evidence heard on day four and five of the financial advice industry's turn before Commissioner Kenneth Hayne. Executives from Westpac, CBA and AMP have now made an appearance. Here's everything you need to know: April 20: First casualty ...

RC questions adviser sales tactics

KARREN VERGARA  |  FRIDAY, 20 APR 2018
... said, Westpac has made changes to its remuneration models whereby revenue will not be the "hero item." Commissioner Kenneth Hayne questioned why the organisation doesn't value the idea of advisers simply providing genuine advice whereby nothing else ...

Royal Commission to boost ETFs: VanEck

KANIKA SOOD  |  FRIDAY, 20 APR 2018
... trust," Neiron said. The fifth-largest ETP manager in Australia said it expects a regulatory overhaul following Commissioner Hayne's findings, if not before. It also believes low-cost, passive options will become go-to investment vehicles. ETFs are far ...

Royal Commission must be extended: FSU

HARRISON WORLEY  |  FRIDAY, 20 APR 2018
... revelations of misconduct continue to arise from the inquiry. The Finance Sector Union said the inquiries of Commissioner Kenneth Hayne should not be halted due to time constraints. Additionally, the FSU believes the investigation should allow for the ...