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Showing 41 - 50 of 310 results for "Costello"

Future Fund appoints to board

KANIKA SOOD  |  MONDAY, 12 NOV 2018
... asset management chief as it renews the board of the $149 billion sovereign wealth fund, including topping up chair Peter Costello's term. Former UBS global asset management chief executive and chair John Fraser is joining the Future Fund's board of ...

Insurance shake-up puts clients first

KARREN VERGARA  |  TUESDAY, 2 OCT 2018
... powerless to stop unethical behaviour. But industry experts say all hope is not lost. Counsels assisting Rowena Orr and Mark Costello said TAL and Rest are among the organisations that may have engaged in misconduct that fell below community standards. ...

Royal Commission tables life insurance policy questions

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
... the current regulatory regime to protect consumers from detriment. For starters, Counsels Assisting Rowena Orr and Mark Costello asked if the sale of direct sale of insurance via outbound telephone calls should be banned. If not, they questioned whether ...

CommInsure, TAL engaged in troubling conduct: Royal Commission

KARREN VERGARA  |  MONDAY, 24 SEP 2018
... handling processes. TAL didn't offer new staff mandatory induction training. With respect to Rest, Counsel Assisting Mark Costello said the super fund's conduct regarding a member who became paraplegic "may have demonstrated a failure to do everything ...

Royal Commission hears industry fund admitted wrongdoing to ASIC

HARRISON WORLEY  |  MONDAY, 24 SEP 2018
... Making his closing statement on the final day of the Commission's insurance hearings (Friday), counsel assisting Mark Costello revealed Rest - an industry super fund with more than two million members - filed a breach report with Australia's corporate ...

ASIC takes Dover, McMaster to court

JAMIE WILLIAMSON  |  MONDAY, 17 SEP 2018
... Commission hearings earlier this year, McMaster was criticised for implementing the policy which counsel assisting Mark Costello labelled 'Orwellian'. The policy formed the main discussion point for McMaster's testimony. Dover claimed the ...

AMP defaulted members as smokers: Royal Commission

KARREN VERGARA  |  MONDAY, 17 SEP 2018
... smoker. A delinked rate is a blend of a smoker and non-smoker rate, Sainsbury said. In essence, counsel assisting Mark Costello said this blended rate is a higher premium. Costello pointed out that under ASIC regulatory guide 529, trustees cannot presume ...

Future Fund delivers 9.3%, increases risk moderately

KANIKA SOOD  |  WEDNESDAY, 29 AUG 2018
... says looks positive. Its 10-year return of 8.7% is higher than the benchmark target of 6.6%. Future Fund chair Peter Costello said during the year "we slightly increased the level of risk in the Future Fund, balancing its perspective on the more positive ...

Dover advisers turn orphans

JAMIE WILLIAMSON  |  FRIDAY, 6 JUL 2018
... McMaster's grilling at the Royal Commission's inquiry into financial advice earlier this year. Counsel Assisting Mark Costello labelled the policy "Orwellian" in that it actually only served to protect Dover, as opposed to its representative's ...

Chief economist update: We're headed for surplus (if assumptions hold)

BENJAMIN ONG  |  WEDNESDAY, 9 MAY 2018
... all promised surpluses but failed - all because events didn't live up to their expectations. Or take the case of Peter Costello - the last time Australia enjoyed a Budget surplus (to the point that speculations back then was that Australia doesn't need ...