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Showing 11 - 20 of 26 results for "Senior Counsel Assisting Michael Hodge"

IOOF executives dismiss conflicts of interest

KARREN VERGARA  |  FRIDAY, 10 AUG 2018
... 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 raised serious ...

MLC MySuper investment budget was tight-fisted: Royal Commission

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
... 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 quarter ...

NAB compensation delays hopelessly conflicted: Royal Commission

KARREN VERGARA  |  WEDNESDAY, 8 AUG 2018
... 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 deduct planned ...

Former NULIS chair faces Royal Commission

KANIKA SOOD  |  TUESDAY, 7 AUG 2018
... 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 claim ...

Lose grandfathered commissions, lose business: MLC

KARREN VERGARA AND JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
... 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 successor fund ...

Royal Commission revisits fees for no service

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... In the Royal Commission's fifth round, which kicked off in Melbourne this morning, Senior Counsel Assisting Michael Hodge said AMP, CBA, IOOF, ANZ and StatePlus Super have admitted to engaging in miscount or possible misconduct with respect to advice ...

ROYAL COMMISSION: Top stories

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
... 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 been transitioned ...

Dead advice clients slugged ongoing service fees

JAMIE WILLIAMSON  |  THURSDAY, 19 APR 2018
... 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 representative ...

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
... 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 and how clients ...