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

Search Results

Showing 571 - 580 of 1075 results for "Commissioner"

Retail super funds reject MySuper delays

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... by delaying the transition of members into cheaper MySuper products. In response to recommendations put forth to Commissioner Kenneth Hayne on August 24, many retail funds denied any wrongdoing in keeping members in products that charged expensive legacy ...

Royal Commission challenges super regulators

KARREN VERGARA  |  TUESDAY, 28 AUG 2018
... Despite Aon Hewitt, Mercer, and Westpac and its subsidiaries not making an appearance, Hodge said it was open to Commissioner Kenneth Hayne if they engaged in misconduct and breached corporations law. Hodge recommended Aon Hewitt may have breached the ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... of retail super funds were dominant in the 223-page document. Counsel assisting Michael Hodge said it is open to Commissioner Kenneth Hayne to find that NAB and its two trustees, Nulis Nominees and MLC Nominees, breached the Corporations Act and Superannuation ...

Super funds cop governance grilling

HARRISON WORLEY  |  TUESDAY, 21 AUG 2018
... Australia's largest super fund, including its funding of ISA's fox in the henhouse advertising campaign (see p.13). Commissioner Kenneth Hayne said some of the propositions in play were whether this met the perceived interest of members and the ...

SMSFA addresses policy hurdles

HARRISON WORLEY  |  THURSDAY, 16 AUG 2018
... were "not going perhaps where we would like them." The morning session saw Australian Tax Office acting assistant commissioner SMSF segment Tara McLachlan advise the audience of issues affecting SMSFs in the first 18 months of their lives. McLachlan ...

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
... "Australians perceive life insurance companies (-26) and retail banks (-17) as unethical, arguably influenced by Commissioner Hayne's hearings," he said. "In contrast, the education (80) and health (70) sectors continue to hold the highest perceived ...

Suncorp suppressed tax benefits to super members

KARREN VERGARA  |  TUESDAY, 14 AUG 2018
... exchange for a fee; calculating that fee payable; and disclosing to members fully what the admin expense will cost them. Commissioner Kenneth Hayne interjected with the possibility that members are being double charged - Pinto was unsure. "If you're ...

NAB initially under-reported remediation bill to ASIC

KANIKA SOOD  |  MONDAY, 13 AUG 2018
... million to SWIFT and Encompass customers. The same day, NAB chief customer officer Andrew Hagger called then ASIC commissioner Greg Tanzer, who was updating ASIC's numbers on remediation costs for a report featuring other banks as well. The NAB executive ...

Super fund welcomes industry veteran to trustee board

KANIKA SOOD  |  MONDAY, 13 AUG 2018
... is a member of the General Sir John Monash Foundation's investment, audit and risk committee. Austin is also a commissioner with the NSW Independent Planning Commission. In the past, she has held directorships at the Future Fund and the Tasmanian ...