Search ResultsShowing 41 - 50 of 100+ results for "Commissioner Kenneth Hayne"
NAB calls trading halt
KARREN VERGARA  |  THURSDAY, 7 FEB 2019
... market. The bank was singled out in the final report of the Royal Commission released on February 4. Commissioner Kenneth Hayne criticised the leadership of chief executive Andrew Thorburn and chair Ken Henry during the final round of hearings. Hayne ...
Synchron slams RC on commissions
KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... commissions are causing advisers some concern, according to Synchron director Don Trapnell. On Monday, Commissioner Kenneth Hayne formally recommended an end to grandfathered commissions , and asked government to push to its current 20-60% commission ...
APRA could oversee stalled super fund mergers
KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... particular circumstances, addressing a stalled merger would be an appropriate use of such a power," Commissioner Kenneth Hayne said in his final report. The SIS Act asks that trustees of any responsible entity that offers a MySuper product must conduct ...
Royal Commission sobering and overdue: Labor
DARREN SNYDER  |  TUESDAY, 5 FEB 2019
... be robust and they should be, above all, ethical," Bowen said. Labor, in principle, accepts all of Commissioner Kenneth Hayne's 76 recommendations. "We would have a Treasury taskforce to work with a Shorten Labor government on implementing the report's ...
Platforms steady after Royal Commission
KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... four banks, AMP and IOOF can breathe a sigh of relief after the Royal Commission's final report. Commissioner Kenneth Hayne did not recommend either structural separation or wider approved product lists. And this could slow down the adviser migration ...
ASIC enforcement must get tough: Commissioner
KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... from the regulator's day-to-day dealings with its subjects, the Royal Commission final report said. Commissioner Kenneth Hayne said when ASIC identifies misconduct, its starting point should be "why not litigate?" instead of the "negotiate" tack the ...
Superannuation to face BEAR: Hayne
KARREN VERGARA  |  TUESDAY, 5 FEB 2019
... should be extended to superannuation. This is one of nine recommendations for the superannuation sector Commissioner Kenneth Hayne has pushed for in his final report released overnight. The BEAR came into effect for large ADIs on 1 July 2018 and becomes ...
Conflicts of interest recommendation falls short
KARREN VERGARA  |  MONDAY, 4 FEB 2019
... suggested by some to address conflicts of interest at the heart of most misconduct, ISA said. However, Commissioner Kenneth Hayne did point out in the final report that conflicts of interest arise in both profit-for-member funds and retail funds. "In ...
Hayne targets superannuation employer connections
KARREN VERGARA  |  MONDAY, 4 FEB 2019
Commissioner Kenneth Hayne took a hard-line against hawking superannuation products and the practices of "treating" employers in his final Royal Commission report. Hayne wants the hawking or unsolicited offer of superannuation products to be prohibited ...
Life risk commissions must also go: Hayne
KANIKA SOOD  |  MONDAY, 4 FEB 2019
Commissioner Kenneth Hayne has recommended ASIC ultimately whittle down the commissions on life insurance products to zero unless there is a clear justification to keep them. On 1 January 2018, advisers' upfront commission for implementing a life ...
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