Government inquiries (293 items)

Embattled financial adviser Sam Henderson appears to have lost the public support of one of his key investors after a leading Australian adviser network yesterday moved to distance its operations from the Henderson Maxwell business. read more

The Treasurer has suggested that past lapses by APRA and ASIC are issues that will be delved into by the Royal Commissioner "at some point in time". read more

Despite a flurry of unflattering revelations at the Hayne Royal Commission, tarnishing the reputation of high-profile financial adviser Sam Henderson, one point that was missed is that he sold his business into a larger advisory network last year, one that has Italian financial giant Azimut as its major backer. read more

Kieran Forde, head of wealth solutions and partnerships at Australian and New Zealand Banking Group, was asked to give evidence about improper conduct by five financial advisers to the Hayne Royal Commission. read more

A NAB adviser forged clients' initials on documents after the fact, and asked a colleague to witness their signatures, an action discovered during a random audit. The adviser was sacked within two days for misconduct, but neither ASIC nor professional bodies were told. read more

AMP's share price sunk to its lowest level in six years on Monday as the Hayne Royal Commission delved further into weaknesses in the company's financial planning and risk management practices. read more

While AMP's governance crisis is focusing public attention on whether group chair Catherine Brenner should pull up stumps, it is also turning the spotlight on the company's superannuation trustee arrangements. read more

ANZ gave more weight to managing risks of what may be reportable to ASIC rather than tackling the core problems of wayward financial advice, the Hayne Royal Commission heard yesterday. read more

AMP's share price could come under more pressure this week as the Hayne Royal Commission hears evidence about the provision of inappropriate advice by the company’s financial planners. read more

The past few days of hearings at the Royal Commission "have been sobering for the entire industry", Anna Bligh, CEO of the Australian Banking Association said on Friday.Increased penalties for wrongdoing in finance were announced by the government on Friday; Bligh welcomed the chickenfeed maximum of A$10 million per offender. read more

Michael Wright, a reform minded BT advice executive, steered the Hayne Royal Commission to fears on grandfathered commissions on Friday. ?Wright bought colour. BT "will be setting people’s remuneration based off their qualifications, based off their competency as an adviser, based off the standards that they go through with customers," he said. read more