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

Search Results

Showing 81 - 90 of 183 results for %22Commissioner Hayne%22

New ASX governance principles target culture

KARREN VERGARA  |  THURSDAY, 28 FEB 2019
The ASX and its new corporate governance principles unveiled overnight are taking a leaf out of Commissioner Kenneth Hayne's final recommendations. The fourth iteration of the ASX Corporate Governance Council's principles and recommendations ...

IFM Investors adds policy director

KARREN VERGARA  |  THURSDAY, 28 FEB 2019
... policy. Prior to joining ISA, May worked at the US Securities and Exchanges Commission (SEC) where he was counsel to Commissioner Luis A. Aguilar. He also assisted with the regulatory response to the Global Financial Crisis. IFM global head of external ...

AFA rebukes ideological drive against conflicted remuneration

HARRISON WORLEY  |  WEDNESDAY, 27 FEB 2019
... policy and professionalism Phil Anderson lashed significant sections of Kenneth Hayne's final report, taking the Commissioner to task over his perception of various aspects of the advice sector in the process. Referring to Hayne's recommendation that ...

Grandfathered commissions ban splits industry: Poll

KARREN VERGARA  |  MONDAY, 25 FEB 2019
... recommendations from the financial services Royal Commission will have either a material or severe impact on revenue. Commissioner Kenneth Hayne said in his final report said that there is no justification for grandfathering provisions in an industry ...

Labor responds to Royal Commission final report

JAMIE WILLIAMSON  |  MONDAY, 25 FEB 2019
... party said it will also move to introduce a best interest duty for brokers, in line with the recommendation by Commissioner Hayne. Outlining additional measures, Labor will look to improve the Australian Financial Complaints Authority (AFCA). Caps on ...

Royal Commission and its one canoe message is on point

HARRISON WORLEY  |  MONDAY, 25 FEB 2019
... Speaking on the final day of the Self-managed Super Fund Association's national conference in Melbourne, Cooper said Commissioner Kenneth Hayne's "lovely" assertion that intermediaries cannot stand in more than one canoe is the key takeaway from the ...

Advisers need to behave above the law

HARRISON WORLEY  |  FRIDAY, 22 FEB 2019
... Sanders said the code and the laws administering the conduct of advisers were two different things, drawing on parts of Commissioner Kenneth Hayne's final Royal Commission report into misconduct in financial services to explain the position. "What he's ...

AFCA hears legacy complaints

KANIKA SOOD  |  THURSDAY, 21 FEB 2019
... 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 to co-operate ...

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 ...

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 ...