The official witness responses to requests for more information by the royal commission after its explosive second round of hearings have been released.
At the end of the second round of royal commission hearings – which focused on financial advice and wealth management – commissioner Ken Hayne requested additional information from parties with leave to appear.
Those responses have now been made public and include a right of reply from witnesses on some of the more contentious issues raised by the royal commission, including 'fees for no service' conduct, inappropriate advice and in-house product conflicts.
The royal commission second round submissions can be accessed below:
- AMP
https://www.ifa.com.au/pdf/amp-submission-general-questions.pdf
https://www.ifa.com.au/pdf/amp-case-study-1-fees-for-no-service.pdf
https://www.ifa.com.au/pdf/amp-case-study-2-investment-platform-fees.pdf
https://www.ifa.com.au/pdf/amp-case-study-3-inappropriate-financial-advice.pdf
- Former Westpac adviser Andrew Smith
https://www.ifa.com.au/pdf/andrew-smith-submission.pdf
- APRA
https://www.ifa.com.au/pdf/apra.pdf
- ASIC
https://www.ifa.com.au/pdf/asic.pdf
- AFA
https://www.ifa.com.au/pdf/afa.pdf
- ANZ (and aligned licensees)
https://www.ifa.com.au/pdf/anz.pdf
https://www.ifa.com.au/pdf/m3-and-ri-case-study-submissions.pdf
https://www.ifa.com.au/pdf/m3-and-ri-supplementary-case-study-submission.PDF
- Former ANZ adviser John Doyle
https://www.ifa.com.au/pdf/mr-john-doyle.pdf
- CHOICE
https://www.ifa.com.au/pdf/choice.pdf
- CBA
https://www.ifa.com.au/pdf/cba-part-a-wealth-management.pdf
https://www.ifa.com.au/pdf/cba-part-b.pdf
- Dover Financial Advisers
https://www.ifa.com.au/pdf/dover-financial-advisers.pdf
- Finance Sector Union
https://www.ifa.com.au/pdf/fsu.pdf
- FPA
https://www.ifa.com.au/pdf/fpa-part-a.pdf
https://www.ifa.com.au/pdf/fpa-part-b.pdf
- Henderson Maxwell
https://www.ifa.com.au/pdf/henderson-maxwell-entities.pdf
- NAB
https://www.ifa.com.au/pdf/nab-general-questions.pdf
https://www.ifa.com.au/pdf/nab-case-study-supplementary-submissions.pdf
https://www.ifa.com.au/pdf/nab-case-study-supplementary-submissions.pdf
- Treasury
https://www.ifa.com.au/pdf/treasury.pdf
- Westpac
https://www.ifa.com.au/pdf/westpac-banking-corporation-financial-advice-case-study.pdf
https://www.ifa.com.au/pdf/westpac-banking-corporation-general-submission.pdf
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