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Showing 11 - 20 of 52 results for "Michael Hodge"

Aussie banks underestimated difficulties of advice: Hartzer

HARRISON WORLEY  |  THURSDAY, 22 NOV 2018
... clearly underestimated how much change was going to be required to make that work," Hartzer said. Counsel assisting Michael Hodge quizzed Hartzer - who leads the only major Australian bank not to recently jettison its wealth management arm - over the ...

Frydenberg slams financial sector greed

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... regulators to enforce the laws at their disposal as well as the penalties. In the fifth round, counsel assisting Michael Hodge cast serious doubts over the ability of APRA and ASIC to effectively regulate the superannuation industry, questioning their ...

Frydenberg appoints second APRA deputy chair

HARRISON WORLEY  |  TUESDAY, 18 SEP 2018
... community confidence in the industry. Recently APRA came under scrutiny at the Royal Commission, as counsel assisting Michael Hodge questioned whether APRA and ASIC adequately addressed the problematic cultures of superannuation fund providers in his ...

Trustees caught in a balancing act

KARREN VERGARA  |  THURSDAY, 6 SEP 2018
... the members' best interests. In opening the fifth round of the Royal Commission on August 6, counsel assisting Michael Hodge urged Commissioner Kenneth Hayne to examine: "What happens when we leave these trustees alone in the dark with our money?" ...

APRA to reopen old wounds for CBA, IOOF

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... administrative appeals tribunal (AAT) or the courts because proceedings take too long, she said. When counsel assisting Michael Hodge asked if APRA had concerns if retail RSEs acted in their own self-interest regarding transfers to MySuper, Rowell said ...

Retail super funds reject MySuper delays

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... in any misconduct in delaying transitioning ADA clients of financial advisers. It also rejected counsel assisting Michael Hodge's recommendation to Commission Kenneth Hayne that Suncorp took steps to ensure clients would not be moved into the fund's ...

Royal Commission challenges super regulators

KARREN VERGARA  |  TUESDAY, 28 AUG 2018
... the stability of the financial system. In his fifth round submission paper released last Friday, counsel assisting Michael Hodge questioned if the regulators have adequately addressed the problematic cultures of superannuation fund providers. The critical ...

Life insurers take the Royal Commission stand

HARRISON WORLEY  |  TUESDAY, 28 AUG 2018
... will also be heard. The fifth round hearings saw both retail and industry funds hauled before counsel assisting Michael Hodge to explain their governance practices. Experts weighed in on the repercussions for super fund executives and trustees, saying ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... Friday night, showed the wrongdoings of retail super funds were dominant in the 223-page document. Counsel assisting Michael Hodge said it is open to Commissioner Kenneth Hayne to find that NAB and its two trustees, Nulis Nominees and MLC Nominees, breached ...

Super funds cop governance grilling

HARRISON WORLEY  |  TUESDAY, 21 AUG 2018
... Nominees was questioned as to whether it was governing funds in the best interest of its members. Counsel assisting Michael Hodge put it to former NULIS chair Nicole Smith that the trustee was "hopelessly conflicted" and "simply couldn't manage the ...