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Showing 1 - 10 of 59 results for "Rowena Orr"

AMP shakes up advice service model

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 26 JUL 2021
... have been under close scrutiny since the 2018 Hayne Royal Commission. In an early hearing, senior counsel assisting Rowena Orr highlighted instances in which service fees were still charged after the client's adviser sold the rights to the service ...

ASIC takes action against TAL over RC case

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
... the Commission. In summing up the sixth round of Royal Commission hearings in September last year, counsel assisting Rowena Orr said TAL had accepted it may have breached its duty of utmost good faith by avoiding the customer's insurance contract. ...

Freedom Insurance suspends trading

KARREN VERGARA  |  THURSDAY, 7 FEB 2019
... unethical sales practices whereby Freedom sold life insurance policies to an intellectually disabled man. Counsel assisting Rowena Orr said Freedom may have engaged in unconscionable conduct for selling policies to vulnerable customers. Prior to the ...

Life risk commissions must also go: Hayne

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... Why get rid of the commissions? Hayne reiterated a multi-billion dollar risk commission payout that was also cited by Rowena Orr when she kicked off the sixth round of the Royal Commission hearings in September. Insurers had paid out $6.1 billion to ...

TAL and Zurich lead inflows, CommInsure lags: Strategic Insights

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
... jurisdiction and failed to provide information requested that breached FOS' terms of reference, counsel assisting Rowena Orr said. Meanwhile, other life insurers reported positive inflows. TAL (4.9%), Zurich (3.7%), Suncorp (2%) and BT/Westpac (2%) ...

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... inappropriate financial advice from Sam Henderson, the chief executive of Henderson Maxwell. On the same day, counsel assisting Rowena Orr grilled FPA chief Dante De Gori over its handling of a compliant letter it received from McKenna in July 2017. ...

Shareholders put NAB board in the hot seat

KARREN VERGARA  |  WEDNESDAY, 19 DEC 2018
NAB executives were slammed for destroying shareholder value and for losing its lead as Australia's biggest bank by market capitalisation at its annual general meeting in Melbourne this morning. One shareholder during the question and answer session ...

Grandfathered commissions: Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 19 DEC 2018
... Commission in favour of keeping the model. The association's submission was highlighted by Senior Counsel Assisting Rowena Orr in her summation of the final round, stating: "Only the Association of Financial Advisers is wholly opposed to ending grandfathered ...

Royal Commission: And that is a wrap

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... into the tireless work of the financial services Royal Commission as Commissioner Kenneth Hayne and counsel assisting Rowena Orr made closing remarks this afternoon. The final day's hearings adjourned at 1.15pm and unlike other rounds, the Commission ...

ANZ hid reasons for executive pay cuts

KANIKA SOOD  |  THURSDAY, 29 NOV 2018
... executives could take home higher bonuses but had more deferred shares and longer deferred period, counsel assisting Rowena Orr said. Did the new pay structure change behaviour in ANZ's executives, both Orr and Commissioner Kenneth Hayne asked at ...
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