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Showing 611 - 620 of 1075 results for "Commissioner"

RECAP: Advice in the Royal Commission spotlight (Day 4 and 5)

KANIKA SOOD  |  FRIDAY, 20 APR 2018
... Financial Standard summarises all the evidence heard on day four and five of the financial advice industry's turn before Commissioner Kenneth Hayne. Executives from Westpac, CBA and AMP have now made an appearance. Here's everything you need to know ...

RC questions adviser sales tactics

KARREN VERGARA  |  FRIDAY, 20 APR 2018
... why, Wright said, Westpac has made changes to its remuneration models whereby revenue will not be the "hero item." Commissioner Kenneth Hayne questioned why the organisation doesn't value the idea of advisers simply providing genuine advice whereby nothing ...

Royal Commission to boost ETFs: VanEck

KANIKA SOOD  |  FRIDAY, 20 APR 2018
... clients' trust," Neiron said. The fifth-largest ETP manager in Australia said it expects a regulatory overhaul following Commissioner Hayne's findings, if not before. It also believes low-cost, passive options will become go-to investment vehicles. ETFs ...

Royal Commission must be extended: FSU

HARRISON WORLEY  |  FRIDAY, 20 APR 2018
... Commission, as revelations of misconduct continue to arise from the inquiry. The Finance Sector Union said the inquiries of Commissioner Kenneth Hayne should not be halted due to time constraints. Additionally, the FSU believes the investigation should ...

RECAP: Advice in the Royal Commission spotlight (Days 1 - 3)

KANIKA SOOD  |  THURSDAY, 19 APR 2018
... summarises the top stories and key points you need to know. Australia's top financial institutions are lining up before Commissioner Kenneth Hayne in the latest round of the financial services Royal Commission that runs until April 27. Between shuffling ...

Royal Commission latest: CBA doing more with fewer advisers

KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
... the 257 clients identified, Perkovic deflected Hodge's line of questioning on numerous instances - to the extent Commissioner Kenneth Hayne had to intervene repeatedly and warned her to answer all the questions directly. Perkovic told Hodge that based ...

AMP platform fees laid bare

KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
... was an arrangement between clients and their advisers, and that the platform merely facilitates the transaction. Commissioner Kenneth Hayne described AMP's fee structure as a "collection mechanism" that automatically disposes clients' assets - which ...

Financial services data breaches recorded

HARRISON WORLEY  |  FRIDAY, 13 APR 2018
... finance sector was responsible for 13% of notifiable data breaches reported to the Office of the Australian Information Commissioner in the first quarter of 2018. The OAIC Quarterly Statistics report outlined the top five industry sectors that reported ...

ASIC disqualifies two SMSF auditors

ALEX BURKE  |  TUESDAY, 10 APR 2018
... confidence in the SMSF sector so it is crucial that they adhere to ethical standards and other requirements," ASIC commissioner John Price said. "ASIC will continue to take action where the conduct of SMSF auditors is inadequate," he said. Last month ...

SMSF tool receives industry tick

HARRISON WORLEY  |  MONDAY, 9 APR 2018
... trustees and advisers on this issue and, importantly, how to remain complaint." In the first issue of the bulletin, ATO commissioner Chris Jordan flagged a distinction between the needs of SMSFs and APRA regulated funds to maintain reserves, pointing ...