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Showing 1 - 10 of 100+ results for "Kenneth Hayne"

ASIC prepares licensees for reference checks

KARREN VERGARA  |  WEDNESDAY, 21 JUL 2021
... in, and the results of compliance audits that relates to personal advice provided by the candidate. Commissioner Kenneth Hayne found that AFLSs did not do enough to communicate among themselves about the background of prospective advisers. To address ...

Delay breach reporting law: AFA

KARREN VERGARA  |  FRIDAY, 16 APR 2021
The Association of Financial Advisers wants to defer the proposed self-reporting of breaches regime amid concerns it will be impossible for small financial advice firms to comply with. The AFA outlined its concerns about Commissioner Kenneth Hayne's ...

ASIC releases fee consent instrument

ELIZABETH MCARTHUR  |  THURSDAY, 25 MAR 2021
... be provided in the coming months, ASIC said. All three new instruments are directly in response to Commissioner Kenneth Hayne's recommendations from the Royal Commission. "ASIC said that the instruments were designed to strike a balance between minimizing ...

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
... should go to AFCA themselves rather than pay a fee. "When handing down the findings of the Royal Commission, Justice Kenneth Hayne captured the sentiment of the hearings in one word - greed," Stackpool told Financial Standard. "Remediator charges their ...

Reference checks should cover all advice: FPA

KARREN VERGARA  |  MONDAY, 1 FEB 2021
... recommended that advisers are bound by the same obligations as mortgage brokers (Recommendation 1.6). Commissioner Kenneth Hayne slammed the advice industry for its poor background-checking practices, urging it to follow in the footsteps of the ABA. ...

Key advice reforms tabled

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
New regulation that requires financial advisers to disclose conflicts of interest and stamp out fees-for-no service have been tabled in parliament. The Financial Sector Reform (Hayne Royal Commission Response No. 2) Bill 2020 aims to strengthen many ...

RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
... directions and even cancelling licences in exceptional circumstances. The new law comes off the back of Commissioner Kenneth Hayne examining complex frameworks riddled with conflicts of interest. IOOF's complicated structure and poor governance over ...

Sam Henderson sentenced

ELIZABETH MCARTHUR  |  TUESDAY, 20 OCT 2020
... Financial Planning Association of Australia, Henderson allegedly called her "aggressive" and "nit-picking". Commissioner Kenneth Hayne did not accept Henderson's defence that the advice he provided to that client was a "draft".

Sam Henderson pleads guilty

ELIZABETH MCARTHUR  |  TUESDAY, 25 AUG 2020
... Financial Planning Association of Australia, Henderson allegedly called her "aggressive" and "nit-picking". Commissioner Kenneth Hayne did not accept Henderson's defence of that the advice he provided to that client was a "draft".

FASEA boycott sparks in-fighting

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
... FASEA exam is one important step contributing to transitioning the financial advice industry to, in Commissioner Kenneth Hayne's words, a true 'profession'," Assistant Minister for superannuation, financial services and financial technology Jane Hume ...
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