This Month
- Opinion
- Competition
Consulting firm fixes are impractical and an overreach
More importantly, they are not necessary to correct a deficiency in the regulation of delinquent behaviour, says the former ACCC chairman.
- Graeme Samuel
April
Widow claims dodgy NAB advice voided $400,000 in life insurance cover
The case revives a central issue raised during the financial services royal commission – vertical integration of banking and financial advice.
- Lucas Baird
March
- Opinion
- Banking Summit
Five years after the royal commission, big banks have their mojo back
But the newfound assertiveness isn’t simply due to the fading of past humiliations. They are increasingly conscious their large size is now a huge asset.
- Karen Maley
February
- Opinion
- Chanticleer
Did Hayne’s shock treatment swing the pendulum too far?
The Hayne royal commission shocked corporate Australia and brought big shifts to banking and wealth. But five years on, unintended consequences remain.
- James Thomson
How a royal commission sank a 175-year-old financial giant
Five years after the Hayne inquiry, it’s easy to forget the scale of the misconduct. The fees-for-no-service scandal alone cost the sector $4.4 billion.
- Lucas Baird
Banker pay a ‘work in progress’ five years on from Hayne inquiry
On the anniversary of the banking royal commission, the prudential regulator says there’s still work to do on remuneration, risk culture and accountability.
- James Eyers
October 2023
- Exclusive
- Voice to parliament
Seems nothing can melt No-vote hearts: Pearson
Leading Yes campaigner Noel Pearson urges supporters to maintain hope but says Saturday’s referendum appears lost and Australia was a “hard country now”.
- Maxim Shanahan and Michael Pelly
June 2023
Donaghue shocks dinner with ‘political’ speech
The Commonwealth solicitor-general weighed in to the Voice debate at the Victorian Bar dinner.
- Michael Pelly
Why genuine robo-advice remains a myth
Your financial adviser might already be dabbling in ChatGPT, but an AI-enabled advice experience still seems some way off.
- Matthew Smith
Star silks hatch plan for diversity-minded chambers
A trio of silks hopes to disrupt the Sydney barrister boy’s club.
- Mark Di Stefano
May 2023
- Exclusive
- Hayne fallout
Banking royal commission silk enlisted for Insignia lawsuit
Barrister Michael Hodge KC, who in 2018 was counsel assisting the Hayne royal commission, will act for the wealth giant’s aggrieved shareholders.
- Updated
- Aleks Vickovich
Conflicts of interest, poor culture plague finance sector: Hayne
A call to action by former banking royal commissioner Kenneth Hayne comes as the PwC scandal rocks corporate Australia and parliament, mirroring problems in the financial services sector four years ago.
- Hannah Wootton and James Eyers
April 2023
Claims Voice will ‘veto’ Anzac Day wrong: Hayne
Witnesses to a parliamentary committee have rejected suggestion the proposed Aboriginal and Torres Strait Islander advisory body would force a change of Australia Day or Anzac Day.
- Tom McIlroy
March 2023
PwC boss Tom Seymour’s big fail on tax leak
PwC are experts at minimisation, so there’s no irony when they also prefer this as their PR strategy.
- Joe Aston
February 2023
- Exclusive
- Watchdog
ASIC was almost broken up after the Hayne royal commission
The Morrison government came close to breaking up the corporate regulator under the former chairman James Shipton, after Treasury investigated the idea when it was raised in the final recommendations of the Hayne royal commission.
- Patrick Durkin
‘No need for more opinions’ on financial advice: Levy
The lawyer tasked with investigating the quality and availability of financial advice says her review will stand up to any “stress-testing” imposed by the government.
- Aleks Vickovich
November 2022
Kenneth Hayne on why there is ‘virtue’ in Voice proposal’s simplicity
The simplicity of the wording of proposed Voice to Parliament constitutional amendment is its “very great virtue”, says former High Court judge Kenneth Hayne.
- Gus McCubbing
Medibank’s Mike Wilkins sails through rough seas
The Home Affairs Minister who bayed for blood at Optus, has been unable to muster the same enthusiasm for Medibank Private.
- Michael Roddan
September 2022
- Opinion
- Regulation
Tick-a-box ‘best interest’ test for financial advisers must go
The poorly crafted regulation to protect against bad advice can actually prevent consumers from receiving good advice and is not worth saving.
- Michael Mathieson
July 2022
Insignia warns of $22m hit to half-year profit
Insignia Financial’s customer remediation bill has blown out by another 13 per cent, causing the wealth giant formerly known as IOOF to downgrade its profit guidance.
- Aleks Vickovich
