Search ResultsShowing 51 - 60 of 100+ results for "Commissioner Kenneth Hayne"
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 ...
Harder for insurers to dodge claims
KANIKA SOOD  |  MONDAY, 4 FEB 2019
... recommendations on Australia's insurance industry - all of which the government has agreed to implement. Commissioner Kenneth Hayne has asked that the process of handling and settling insurance claims should not be excluded from the definition of ...
Misconduct must end: Frydenberg
DARREN SNYDER  |  MONDAY, 4 FEB 2019
... put the blame of industry misconduct solely on Australia's financial services companies, quoting Commissioner Kenneth Hayne to say "there can be no doubt that the primary responsibility for misconduct in the financial services industry lies with ...
Grandfathered commissions to be banned
JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
... the period 1 July 2019 to 1 January 2021. The removal of the payments was a key recommendation of Commissioner Kenneth Hayne's report, saying there is no justification for grandfathering provisions in an industry that is trying to remove conflicts of ...
Hayne recommends new regulatory overseer
HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... Releasing his final report into Misconduct in the Banking, Superannuation and Financial Services Industry, Commissioner Kenneth Hayne recommended a new three-person oversight authority would assess the effectiveness of APRA and ASIC in meeting their ...
Ongoing service arrangements should be tightened: Hayne
JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
An overhaul of ongoing fee arrangements has been recommended by Commissioner Kenneth Hayne to combat fees for no service conduct. The final report of the Royal Commission has recommended ongoing fee arrangements should be renewed annually by clients. ...
Royal Commission principles not simply an add-on
DARREN SNYDER  |  MONDAY, 4 FEB 2019
... Partners. Speaking ahead of the Royal Commission's final report, due at 4.10pm today, Longstaff said Commissioner Kenneth Hayne made it clear he's not interested in more laws to govern compliance, rather it's about where do firms sit in regards to community ...
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