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Showing 471 - 480 of 1075 results for "Commissioner"

AFCA hears legacy complaints

KANIKA SOOD  |  THURSDAY, 21 FEB 2019
... financial firm's internal dispute resolution process, this timeframe is reduced to two years." In his final report Commissioner Hayne recommended that Australian financial services licence (AFSL) holders should be obliged to take reasonable steps ...

Clearview overhauls life insurance premiums

KARREN VERGARA  |  WEDNESDAY, 20 FEB 2019
... rates by benefit type will either remain unchanged or increase to maximum of 10% plus CPI increases, Clearview said. Commissioner Kenneth Hayne said in his final recommendations that the hawking of insurance products should be prohibited. He observed ...

Accountant banned for bad SMSF advice

HARRISON WORLEY  |  TUESDAY, 19 FEB 2019
... clients, she had effectively recommended the services of a related party so as to earn extra revenue for herself. ASIC Commissioner Danielle Press said financial advisers had a legal obligation to provide advice in the best interests of their clients ...

IOOF braces for new super package, grandfathered commissions changes

KARREN VERGARA  |  TUESDAY, 19 FEB 2019
... with less than $6000. In terms of grandfathered commissions due to be banned from 1 January 2021, as proposed by Commissioner Kenneth Hayne, this will have a $7 million impact on profit, Mota said. In the six months to December 2018, IOOF reported statutory ...

Netwealth to benefit from RC fallout

HARRISON WORLEY  |  MONDAY, 18 FEB 2019
... perform even better off the back of the Royal Commission. With grandfathered commissions set to be banned following Commissioner Kenneth Hayne's recommendation, Netwealth said it expects some of the $189 billion in funds under administration subject ...

Royal Commission recommendations split industry

KARREN VERGARA  |  MONDAY, 18 FEB 2019
Commissioner Kenneth Hayne's final recommendations received a mixed reaction in Financial Standard' s latest spot poll. About a third (31%) surveyed by Financial Standard last week believed the banking Royal Commission final recommendations ...

NAB most distrusted bank in Australia

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
... down its final report and NAB bosses resigned. In January, Commonwealth Bank had the lowest trust score but after Commissioner Kenneth Hayne singled out NAB's leadership almost a fortnight ago, the bank plummeted in the Net Trust Score. NAB started the ...

Government moves on Royal Commission super recommendations

HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
... treating employers in efforts to be selected as their default superannuation fund; with the Government acting on Commissioner Hayne's finding that some large super funds spend "not insignificant amounts" on the practice. Additionally, the Government ...

Royal Commission will worsen credit crunch: Poll

KARREN VERGARA  |  TUESDAY, 12 FEB 2019
... final recommendations, Financial Standard 's latest spot poll shows. The majority of respondents (64%) agreed Commissioner Hayne's final report, which was released on February 4, will have the unintended consequences of making it tougher to obtain ...

Don't fear credit crunch: Deloitte

JAMIE WILLIAMSON  |  MONDAY, 11 FEB 2019
... also be made available. Back on property, Hutley said the slow in housing construction likely has little to do with Commissioner Hayne's report, labelling it cyclical. It is slowing but it's not going to throw Australia into a recession or lead to lower ...