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Showing 41 - 50 of 126 results for "Counsel Assisting"

Trustees caught in a balancing act

KARREN VERGARA  |  THURSDAY, 6 SEP 2018
... well as act in the members' best interests. In opening the fifth round of the Royal Commission on August 6, counsel assisting Michael Hodge urged Commissioner Kenneth Hayne to examine: "What happens when we leave these trustees alone in the dark ...

APRA to reopen old wounds for CBA, IOOF

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... to the administrative appeals tribunal (AAT) or the courts because proceedings take too long, she said. When counsel assisting Michael Hodge asked if APRA had concerns if retail RSEs acted in their own self-interest regarding transfers to MySuper, Rowell ...

Retail super funds reject MySuper delays

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... denied engaging in any misconduct in delaying transitioning ADA clients of financial advisers. It also rejected counsel assisting Michael Hodge's recommendation to Commission Kenneth Hayne that Suncorp took steps to ensure clients would not be moved ...

Royal Commission challenges super regulators

KARREN VERGARA  |  TUESDAY, 28 AUG 2018
... savings and the stability of the financial system. In his fifth round submission paper released last Friday, counsel assisting Michael Hodge questioned if the regulators have adequately addressed the problematic cultures of superannuation fund providers. ...

Life insurers take the Royal Commission stand

HARRISON WORLEY  |  TUESDAY, 28 AUG 2018
... the Financial Services Council, Code Governance Committee, and Insurance Council of Australia to appear before counsel assisting. The sixth round of hearings will begin on Monday, September 10, with evidence to also be presented by consumers detailing ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... released on Friday night, showed the wrongdoings of retail super funds were dominant in the 223-page document. Counsel assisting Michael Hodge said it is open to Commissioner Kenneth Hayne to find that NAB and its two trustees, Nulis Nominees and MLC ...

Super funds cop governance grilling

HARRISON WORLEY  |  TUESDAY, 21 AUG 2018
... trustee NULIS Nominees was questioned as to whether it was governing funds in the best interest of its members. Counsel assisting Michael Hodge put it to former NULIS chair Nicole Smith that the trustee was "hopelessly conflicted" and "simply couldn't ...

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
... with a retail client regarding their financial situation and needs. "Which is similar to an A to Z review," counsel assisting Michael Hodge said. An A to Z review is the fact-finding questionnaire that was faulted in the enforceable undertaking. Next ...

APRA banned one person in 10 years: Royal Commission

HARRISON WORLEY  |  FRIDAY, 17 AUG 2018
... and proper since 2008 - after the law changed requiring APRA take the matter to court. Under examination from counsel assisting Michael Hodge, APRA deputy chair Helen Rowell confirmed the prudential regulator has banned just one person from being a responsible ...

AMP incorrectly charged more than $26 million: Royal Commission

HARRISON WORLEY  |  THURSDAY, 16 AUG 2018
... before AMP director of regulatory governance Rachel Sansom was quizzed. Towards the end of Sansom's evidence, counsel assisting Michael Hodge identified Sansom's witness statement referred to two incidents relating to how AMP Capital was charging. ...