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Showing 1011 - 1020 of 4542 results for "Michael"

RECAP: Advice in the Royal Commission spotlight (Day 4 and 5)

KANIKA SOOD  |  FRIDAY, 20 APR 2018
... immediately, ahead of his scheduled departure at the end of 2018. "We haven't earnt it yet," BT Financial Advice general manager Michael Wright said about customer trust, on his second day in the hot seat. The sales culture hit its height three or four ...

ROYAL COMMISSION: Top stories

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
... business deliberately misled ASIC over ongoing fees-for-no-service policies on multiple occasions. Senior Counsel Assisting Michael Hodge singled out AMP's 90-day exception rule, whereby the business would continue to charge clients fees while they had ...

RC questions adviser sales tactics

KARREN VERGARA  |  FRIDAY, 20 APR 2018
... morning's session of the Royal Commission has revealed. On his second day in the hot-seat, BT Financial Advice general manager Michael Wright said the industry still needs to undertake a significant amount of work before it can earn its credibility. ...

MFS executives create advisory council

KANIKA SOOD  |  THURSDAY, 19 APR 2018
... the council, said. The council's inaugural line-up includes: MFS chief executive officer and chief investment officer Michael Roberge; executive chairman Robert Manning; chief investment officer - global fixed income William Adams, chief investment officer ...

Dead advice clients slugged ongoing service fees

JAMIE WILLIAMSON  |  THURSDAY, 19 APR 2018
... died. Referring to a document from a December 2015 CBA risk and compliance committee meeting, Senior Counsel Assisting Michael Hodge told the Commission of an instance in which service fees were charged to a client that passed away in 2007 by a Count ...

RECAP: Advice in the Royal Commission spotlight (Days 1 - 3)

KANIKA SOOD  |  THURSDAY, 19 APR 2018
... general manager of the private banking division, Marianne Perkovic, also began her testimony. Senior Counsel Assisting Michael Hodge pursued a line of questioning that revealed CBA slashed adviser numbers even as it grew its client base.The bank took ...

Royal Commission latest: CBA doing more with fewer advisers

KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
... Perkovic, who fronted the afternoon session of the financial services Royal Commission on Wednesday. Senior Counsel Assisting Michael Hodge referenced a memo sent to CBA senior staff dated 3 May 2012, detailing concerns about ongoing service obligations ...

AMP platform fees laid bare

KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
... would be to call AMP's call centre, which would then be carried out by the operations team. When Senior Counsel Assisting Michael Hodge asked if there was any reason why AMP couldn't do more to facilitate the legislative rules and make it easier for ...

Outgoing CEO name removed from critical AMP report draft

ALEX BURKE  |  TUESDAY, 17 APR 2018
... outgoing chief executive Craig Meller's name from a draft of a critical report about the business. Senior Counsel Assisting Michael Hodge referred to the Clayon Utz report prepared about misconduct in the advice business. He took AMP advice head Anthony ...

Westpac paid out $200m annually in conflicted remuneration

DARREN SNYDER  |  TUESDAY, 17 APR 2018
... payments each year since 2013 that constitute conflicted - albeit permitted - remuneration. BT Financial Advice national head Michael Wright provided a statement explaining Westpac has generated a banned commission report that differentiates between ...