Kenneth Hayne


Ken Henry and Andrew Thorburn: Why they had to go

Ken Henry and Andrew Thorburn: Why they had to go

But fate had other punishments in store for Henry. At the bank’s annual general meeting in December, the Melbourne-based company was forced to scrap its new executive pay scheme after suffering the largest protest vote in Australian corporate history against management remuneration at a blue-chip company.”The board is hearing loud and clear that our new…


Mortgage brokers brace for shake-out as boom turns to bust

Mortgage brokers brace for shake-out as boom turns to bust

The commissions were also costing CBA a lot of money. It estimated it could save almost $200 million over five years if the rest of the market followed its plan to shift the industry to a smaller, flat fee – which would slice the average revenue a broker earned on a loan from around $6000…


Banking royal commission: what it means for you

Banking royal commission: what it means for you

Your financial planning”The commission is probably the best thing ever that has happened to Australian financial services for the benefit of the public,” says Daniel Brammall, co-director of Brocktons Independent Advisory and president of the Independent Financial Advisers Association of Australia.”This is the value of independence – you don’t expect a royal commission to be…


NAB goes for safe hands with Phil Chronican, Mike Baird in the wings

NAB goes for safe hands with Phil Chronican, Mike Baird in the wings

Baird, the banker-turned-politician-turned banker again, has been here before.When the Coalition won a landslide NSW election in 2011, there was no clear path to the top for the then 42-year-old treasurer.His boss, Barry O’Farrell, having banished Labor after 16 years in power, was viewed as potentially a three-term premier.That left Baird looking like the Peter…