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Showing 21 - 30 of 298 results for %22Hayne Royal Commission%22

Super fund advice needs more guardrails: Conference

KARREN VERGARA  |  MONDAY, 27 FEB 2023
... insurers and banks will gain more advice autonomy and the financial services industry will revert to the pre-Hayne Royal Commission era. Levy argued that in formulating the recommendations, she had the consumer front of mind - not the banks, super funds ...

Super, advice class actions dampen CBA results

KARREN VERGARA  |  WEDNESDAY, 15 FEB 2023
... profits this morning, Commonwealth Bank continues to put out fires from its misconduct stemming from the Hayne Royal Commission, as it looks to tackle several class actions in 2023. One ongoing lawsuit alleges that Colonial First State Investments Limited ...

Financial adviser registration delayed

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
... will delay the financial adviser registration requirement until 1 July 2023. The Financial Sector Reform (Hayne Royal Commission response - Better Advice) Act 2021 introduced a central registration requirement for financial advisers, in line with recommendation ...

The time for change is now: Jones

CASSANDRA BALDINI  |  WEDNESDAY, 21 SEP 2022
... fulfill the commitments I made to you prior to the election," he said. Jones said the learnings of the Hayne Royal Commission cannot be forgotten but added that if regulations are in place, it's important to understand the reasons behind them and if ...

Final Royal Commission reforms to be tabled, YFYS review begins

JAMIE WILLIAMSON  |  WEDNESDAY, 7 SEP 2022
... implemented by the former government... We want to be finishing up this year saying, 'All of the legislation to implement the Hayne recommendations has been done'. We're on track to do that," Jones said. The consultation process for the government's ...

ASIC response to Freedom Insurance saga continues

JAMIE WILLIAMSON  |  WEDNESDAY, 17 AUG 2022
... requests from the family, including for an apology, before issuing an apology weeks before fronting Commissioner Kenneth Hayne. Three months later it ceased selling life insurance and flagged the likelihood of a liquidity crisis before suspending trading ...

AFA hits back at QAR submissions from Choice, ISA

CASSANDRA BALDINI  |  MONDAY, 11 JUL 2022
... banning ongoing advice fees within Choice funds and banning life insurance commissions," the AFA noted. "It was Commissioner Hayne who recommended the banning of all advice fees in MySuper funds, this recommendation came from his lack of understanding ...

Calls for Indigenous super beneficiary changes renewed

ANDREW MCKEAN  |  MONDAY, 30 MAY 2022
... death. Scheerlinck said: "In 2019 Treasury held a consultation on this issue, which was also identified by Commissioner Hayne during the Royal Commission. There have been no developments here and we will lobby the new government to reprioritise this ...

Trust in financial services jumps: CFA

ANDREW MCKEAN  |  WEDNESDAY, 18 MAY 2022
... significantly since 2020 when just one in four investors trusted the financial services industry, with the Hayne Royal Commission eroding confidence in the asset management industry given the significant amount of negative news coverage at the time." ...

FSCP panel members named

CHLOE WALKER  |  TUESDAY, 15 FEB 2022
... have been appointed by Treasury as the new disciplinary regime kicks off. The Financial Sector Reform (Hayne Royal Commission Response - Better Advice) Act 2021 established the FSCP within ASIC as the single disciplinary body for financial advisers from ...