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Showing 11 - 20 of 59 results for "Senior Counsel Assisting"

ANZ grilled over Smart Choice sales

JAMIE WILLIAMSON  |  THURSDAY, 16 AUG 2018
... Appearing before the Commission this morning, ANZ head of superannuation Mark Pankhurst was questioned by Senior Counsel Assisting Michael Hodge about the process customers are sold ANZ's Smart Choice Super product. Typically, branch staff conduct ...

Poor systems delay MySuper transitions: CFS

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
... Government-mandated 1 January 2014 deadline that default contributions must be paid into MySuper products. Yesterday, senior counsel assisting Michael Hodge questioned why CFS dragged its feet in transitioning 13,000 FirstChoice Personal members into ...

Suncorp suppressed tax benefits to super members

KARREN VERGARA  |  TUESDAY, 14 AUG 2018
... to certain tax deductions in the form insurance premiums, for example, that give rise to a tax refund. Senior counsel assisting Michael Hodge pointed out that one way of dealing with the tax surplus was to return it to the members. "Yes, that would be ...

NAB initially under-reported remediation bill to ASIC

KANIKA SOOD  |  MONDAY, 13 AUG 2018
... to the regulator on when it wanted to release the report and what questions they wanted to ask of NAB. Senior Counsel assisting Michael Hodge alleged NAB was concerned ASIC would publish its fee for no service report with the compensation bill just as ...

NAB CEO apologises over super failures

HARRISON WORLEY, DARREN SNYDER  |  FRIDAY, 10 AUG 2018
... compensate you, and the mistake we've made in this case is we haven't done that." On Wednesday, senior counsel assisting Michael Hodge put forward the case that NULIS Nominees - the trustee of MLC and NAB super products - did not act in the best ...

IOOF executives dismiss conflicts of interest

KARREN VERGARA  |  FRIDAY, 10 AUG 2018
... continued its line of questioning to IOOF general manager of distribution Mark Oliver. Yesterday afternoon, Senior Counsel Assisting Michael Hodge painted a picture of the retail group's complicated structure. This morning, the Commission heard APRA ...

MLC MySuper investment budget was tight-fisted: Royal Commission

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
... the Royal Commission heard. Resuming former NULIS chair Nicole Smith's questioning on day three, senior counsel assisting Michael Hodge attempted to highlight conflicts of interest in MLC's MySuper product. The fund was performing in the bottom ...

NAB compensation delays hopelessly conflicted: Royal Commission

KARREN VERGARA  |  WEDNESDAY, 8 AUG 2018
... third day of the Royal Commission's inquiry into superannuation heard. This is the observation of Senior Counsel Assisting Michael Hodge as he grilled former chair of NULIS Nominees, Nicole Smith. Hodge said NAB's wealth division continued to ...

Former NULIS chair faces Royal Commission

KANIKA SOOD  |  TUESDAY, 7 AUG 2018
... fee for service and then... to receive the revenue for fee for service you had to provide a service," senior counsel assisting Michael Hodge quizzed. "And you weren't anticipating that, for example, MLC would provide some different service and then ...

Lose grandfathered commissions, lose business: MLC

KARREN VERGARA AND JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
... structures to be implemented going forward, one of which was the continuation of grandfathered commissions. Senior Counsel Assisting Michael Hodge asked Carter what was the benefit of continuing the grandfathered commissions considering that after the ...