Aged care stocks hammered on Royal Commission fallout fears; AMP admits charging dead people; NAB executive Andrew Hagger departs amid banking Royal Commission fallout

Aged care stocks have been hammered on the sharemarket amid potential fallout from a Royal Commission into the sector. 

At the financial services Royal Commission, wealth manager AMP has admitted charging life insurance premiums to dead people.

And National Australia Bank senior executive Andrew Hagger is leaving the institution saying he takes responsibility for what has occurred on his watch.

Here's my report from The World Today