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Search ResultsShowing 1 - 10 of 44 results for "Commissioner Hayne"
Super fund members compensated
JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
... to switch the clients out of MySuper." These breaches formed part of a Royal Commission case study, where Commissioner Hayne did not find any licensee breach on the evidence before Commission, Aon Australia said. The remediation was paid for by AHFA ...
ASIC sues CBA, CFS over RC case
HARRISON WORLEY  |  TUESDAY, 23 JUN 2020
ASIC is taking Commonwealth Bank and its wealth arm, Colonial First State, to task over $22 million in conflicted remuneration issues which it alleges ran up until June 30 last year. The corporate regulator has sued CBA, and the investment arm of its ...
Banned advisers still working in advice: FPA
ELIZABETH MCARTHUR  |  MONDAY, 9 MAR 2020
... representatives providing general advice, directors, management and other AFSL employees. "The FPA notes that Commissioner Hayne identified cultural, behavioural and misconduct issues by other participants in the financial services industry such as product ...
FPA calls for axe to fall on stamping fees
HARRISON WORLEY  |  WEDNESDAY, 29 JAN 2020
... to the Royal Commission's final report into misconduct in the financial services industry, Bristow recalled Commissioner Hayne's opinion that adding more regulation was not the answer to the industry's woes. "This is also a point of regulation, specifically ...
Dealer group to fight grandfathered commissions ban
ELIZABETH MCARTHUR  |  FRIDAY, 13 SEP 2019
... government could only abolish them by compensating planners on just terms," Ardino said. "The government and Commissioner Hayne have falsely argued that this 2011 advice no longer applies. Moreover, there is a real risk that adviser property rights may ...
Train of legislation to hit advisers
ELIZABETH MCARTHUR  |  WEDNESDAY, 28 AUG 2019
... compelling viewing, it was just the beginning with the government now committed to implementing all 76 of Commissioner Hayne's recommendations, having released its roadmap for doing so. "There will be a train of legislation coming down the track that ...
Treasurer moves on broker remuneration
ELIZABETH MCARTHUR  |  TUESDAY, 27 AUG 2019
... penalty. The latest announcement comes after the Morrison Government released its roadmap for implementing Commissioner Hayne's recommendations. "Mortgage brokers play an important role in promoting good consumer outcomes and competition in the home ...
Peak bodies respond to government roadmap
KRISTI CHENG  |  TUESDAY, 20 AUG 2019
While many have welcomed the government's roadmap for implementing Commissioner Hayne's recommendations, bodies representing the superannuation industry are leading criticisms against the timetable. The Australian Institute of Superannuation Trustees ...
On track: APRA reveals RC progress
HARRISON WORLEY  |  THURSDAY, 8 AUG 2019
... changes to be finalised in 2020. The regulator also said its examination of the 12 matters referred to it by Commissioner Hayne during the Royal Commission was "advanced", with discussion ongoing between APRA, ASIC and "other relevant agencies" to address ...
Industry wide pay cut for boards
ELIZABETH MCARTHUR  |  TUESDAY, 4 JUN 2019
... already being felt by Australia's financial institutions, as shareholders and their boards move to act upon Commissioner Hayne's recommendations." Overall, across all industries and organisation types, chairs had a remuneration increase of 3% and director ...
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