Policy Recommendations Following the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry in Australia.
Policy response to the Hayne Royal Commission
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (Hayne Royal Commission) has brought forth many issues in financial services where the rights of investors have been compromised.
CFA Institute and CFA Societies Australia are therefore advocating for policy changes to firmly address these issues in line with our mission.
The policy recommendations can be separated into four categories
- Best Interest Duty and Appropriate Consequences
- Fees and Conflicted Remuneration
- Ensuring Independence of Advice
- Professionalising the Industry