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

Search Results

Showing 1 - 10 of 56 results for "Commissioner Hayne"

No regrets: Hayne reflects on Royal Commission

KARREN VERGARA  |  TUESDAY, 30 MAY 2023
... services sectors. Making a rare appearance at the International Congress of Actuaries in Sydney this morning, Commissioner Hayne said he has no regrets about how he helped reform the banking, superannuation, life insurance and financial advice industries. ...

QAR does not "trash" FoFA: Anderson

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
... explained the removal of Safe Harbour is a "key" part of the recommendation and something also suggested by Commissioner Hayne. "In December 2019, the ASIC Report 639 on advice provided by superannuation funds, found less than 50% of the files were deemed ...

AFA hits back at QAR submissions from Choice, ISA

CASSANDRA BALDINI  |  MONDAY, 11 JUL 2022
... banning ongoing advice fees within Choice funds and banning life insurance commissions," the AFA noted. "It was Commissioner Hayne who recommended the banning of all advice fees in MySuper funds, this recommendation came from his lack of understanding ...

Calls for Indigenous super beneficiary changes renewed

ANDREW MCKEAN  |  MONDAY, 30 MAY 2022
... death. Scheerlinck said: "In 2019 Treasury held a consultation on this issue, which was also identified by Commissioner Hayne during the Royal Commission. There have been no developments here and we will lobby the new government to reprioritise this ...

Consumer advocates criticise advice review

ELIZABETH MCARTHUR  |  THURSDAY, 3 FEB 2022
... Consumer Action Law Centre has concerns that the Quality of Advice Review draft terms of references forget Commissioner Hayne's findings on conflicted remuneration. In the centre's submission on the review's draft terms of references, it argued conflicted ...

FASEA to reword Standard 3

KARREN VERGARA  |  WEDNESDAY, 3 NOV 2021
... "Standard 3 also seems to go beyond the recommendations of the Banking Royal Commission. In his final report, Commissioner Hayne posed the question: "Is there more that could be done to manage those conflicts better?"

CBA pleads guilty to selling junk insurance

ANNABELLE DICKSON  |  MONDAY, 1 NOV 2021
... conduct was revealed during the Royal Commission and was the subject of a case study in the final report from Commissioner Hayne. The charges also come after ASIC undertook a review of the sale of consumer credit insurance by 11 major banks and other ...

Actuaries Institute devises director skills checklist

JAMIE WILLIAMSON  |  MONDAY, 18 OCT 2021
... Laughlin question whether directors' failure to understand their businesses enabled the misconduct uncovered by Commissioner Hayne's inquiry. While boards in the financial services industry have certainly changed in recent years, there is evidence "clearly ...

APRA to mandate independent certifications

KARREN VERGARA  |  WEDNESDAY, 22 SEP 2021
... Royal Commission. In a letter to registrable superannuation entity licensees, APRA clarified its position on Commissioner Hayne's Recommendation 4.14. Hayne's recommendation affects all RSEs that engage a related party to provide group life insurance ...

Criminal charges filed against CBA

ELIZABETH MCARTHUR  |  FRIDAY, 17 SEP 2021
... charges was revealed during the Royal Commission and is the subject of a case study in the final report from Commissioner Hayne. This is the second criminal prosecution under consumer protection provision s12DB of the ASIC Act (alleging false and misleading ...
PAGE:
1
PREVIOUS
NEXT