Royal commission round two responses 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

Royal commission round two responses released

Reporter

Last Updated: 19 April 2022 Published: 10 May 2018