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Showing 1 - 10 of 52 results for "Michael Hodge"

No charges in AMP BOLR investigation

JAMIE WILLIAMSON  |  FRIDAY, 16 JUL 2021
... conduct was the subject of intense scrutiny during the 2018 Royal Commission. At the time, Senior Counsel Assisting Michael Hodge also noted that AMP would dial down fees for orphaned clients rather than issue a disclosure statement not because those ...

APRA slaps extra conditions on Avanteos

HARRISON WORLEY  |  WEDNESDAY, 11 DEC 2019
... referred the firm's conduct to the regulator in February this year for investigation, after counsel assisting Michael Hodge told the Royal Commission Avanteos' may have engaged in misconduct that breached the Corporations and SIS Acts. APRA said ...

APRA takes action against IOOF

HARRISON WORLEY  |  FRIDAY, 7 DEC 2018
... Commission earlier this year, with IOOF managing director of distribution Mark Oliver telling counsel assisting Michael Hodge that issues raised by APRA in 2016 were not "material". The Commission heard IOOF left some superannuation members in expensive ...

APRA grilled over superannuation

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... outcome of the application of those processes and identifying that the outcome is deficient?" senior counsel assisting Michael Hodge asked of Byres. Hodge said it was the same issue with CBA - the framework and policies looked good but the audit and ...

Royal Commission: And that is a wrap

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... and over 6500 exhibits were tendered by counsel assisting. Working alongside Hayne and Orr were four barristers - Michael Hodge QC, Albert Dinelli, Eloise Dias and Mark Costello who were formally appointed to assist Hayne - as well as another four barristers. ...

APRA not clear how to police BEAR breaches

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... from the change. Continuing his testimony on the Royal Commission's final day, Byres told senior counsel assisting Michael Hodge that while it had an interim plan to manage breaches by an accountable person at a bank under BEAR, it hadn't fully fleshed ...

Miscalculations delay remediation, more issues emerge: AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 28 NOV 2018
... workplace super members prompted by eight breaches identified by the company in October. Senior counsel assisting Michael Hodge asked Wilkins: "Is the risk that AMP faces in relation to this that it may have another fees for no service case on its hands?" ...

Should banks fund customer litigation?

HARRISON WORLEY  |  TUESDAY, 27 NOV 2018
... with it. And we do have to find a different mode of behaviour." In the fifth round of hearings, counsel assisting Michael Hodge suggested NAB's wealth arm complicated the plan service fee issue, and systematically looked for any way to avoid refunding ...

Wealth an unnecessary failure: Thorburn

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
... failure. Opening the final week of hearings into misconduct in financial services today in Melbourne, counsel assisting Michael Hodge asked Thorburn whether Australia's retail banks had failed by moving into wealth. Thorburn said wealth didn't need to ...

Misconduct matters, but stability key for Frydenberg

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... Monday's hearing as "short term variable remuneration." Yesterday, Westpac chief Brian Hartzer told counsel assisting Michael Hodge his bank wouldn't walk away from its financial advice clients, despite the practice becoming more expensive for ...
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