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Showing 451 - 460 of 1075 results for "Commissioner"

ClearView defends risk advice commissions

KARREN VERGARA  |  TUESDAY, 26 MAR 2019
ClearView is countering Commissioner Kenneth Hayne's recommendation to reduce or eliminate commissions financial advisers earn from life insurance products. It is "way too early," ClearView wrote in an email to advisers, to consider tinkering with ...

AFA takes red pen to Hayne report

HARRISON WORLEY  |  WEDNESDAY, 20 MAR 2019
... association this week, AFA general manager policy and professionalism Phil Anderson issued a pointed assessment of Commissioner Hayne's final report, saying it fails to acknowledge financial advisers working for the benefit of their client, instead focussing ...

Indigenous super access needs improvement

KARREN VERGARA  |  TUESDAY, 19 MAR 2019
... doing enough and if the work on improving identification procedures is filtering down to frontline staff. Citing Commissioner Kenneth Hayne, Scheerlinck said ATSI people encounter needless difficulties in identification and binding death nominations ...

Codes of conduct to be made enforceable

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
... for "the establishment and imposition of mandatory financial services industry codes." "As further recommended by Commissioner Hayne, to deal with the case where an industry does not put forward its proposed enforceable code provisions in a timely manner ...

Former adviser cops 10-year prison sentence

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2019
... and deliberately breached his clients' trust. ASIC welcomes the sentencing decision handed down today," ASIC Commissioner Sean Hughes said. Nakhl is a former representative of Australian Financial Services Limited which has since gone into liquidation. ...

Zero tolerance approach to poor culture needed

KARREN VERGARA  |  MONDAY, 18 MAR 2019
... he said. Samuel's zero-tolerance approach can ultimately lead to terminating employment. He takes a leaf from Commissioner Kenneth Hayne's "can we, should we test." In other words, are the actions and behaviours of an organisation legally possible ...

NAB agrees to RC wealth recommendations

HARRISON WORLEY  |  FRIDAY, 15 MAR 2019
... Commission's recommendations directly relating to the wealth management industry. Releasing its full response to Commissioner Hayne's 76 suggested changes to Australia's financial services industry, NAB said it disagrees with four banking recommendations. ...

NFP super funds rise to occasion post-Royal Commission

KARREN VERGARA  |  THURSDAY, 14 MAR 2019
... community expectations, were not referred to the regulator for further investigation. Scheerlinck said this move by Commissioner Kenneth Hayne shouldn't be dismissed as it ultimately shone a light on areas for improvement. "All of us need to be aware ...

Mortgage broker trail commissions to stay

KANIKA SOOD  |  WEDNESDAY, 13 MAR 2019
... "The borrower, not the lender, should pay the mortgage broker a fee for acting in connection with home lending," Commissioner Kenneth Hayne recommended. "Changes in brokers' remuneration should be made over a period of two or three years, by first prohibiting ...

Banks, ASIC still at war over fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 12 MAR 2019
... mentioned the wealth manager had so far not proposed methodologies for advisers who had already left the business. ASIC commissioner Danielle Press said Australia's financial institutions had taken too long to conduct further reviews into their fees-for-no-service ...