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Showing 51 - 60 of 77 results for "Michael Ho"

Outgoing CEO name removed from critical AMP report draft

ALEX BURKE  |  TUESDAY, 17 APR 2018
The Royal Commission revealed today that AMP's law firm, Clayton Utz, removed 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 ...

No view on ending adviser commissions: AMP

ALEX BURKE  |  TUESDAY, 17 APR 2018
AMP advice head Anthony Regan told the Royal Commission that he has yet to "turn his mind" to the idea of mandating a cessation of the commission-based adviser remuneration model, despite personal reservations. Senior Counsel Assisting Michael Hodge ...

RC findings bring shame on advice industry: social media

ALEX BURKE  |  TUESDAY, 17 APR 2018
Multiple social media commentators suggested the findings revealed in today's inquiry have brought shame on the financial advice industry. Today's inquiry focused largely on AMP and the 90-day exception rule which enabled the group to charge fees for ...

AMP deliberately misled ASIC over ongoing fees

ALEX BURKE  |  TUESDAY, 17 APR 2018
Once again in the Royal Commission hot-seat, AMP advice head Anthony Regan conceded evidence suggests the business deliberately misled ASIC over ongoing fees-for-no-service policies on multiple occasions. Senior Counsel Assisting Michael Hodge singled ...

AMP's buyer of last resort measures scrutinised

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
AMP has admitted that its Buyer of Last Resort measures, up until June 2017, were designed to incentivise financial advisers to show preference for its in-house platforms. Giving evidence on the first day of the Royal Commission's inquiry into financial ...

AMP executive 'apologises' for advice failings

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
AMP's group executive, advice and New Zealand used his appearance at the Royal Commission public hearing to apologise on behalf of the group for failings in the provision of financial advice. In questioning AMP group executive, advice and New Zealand ...

Administrator retains $820m super fund mandate

JAMIE WILLIAMSON  |  MONDAY, 15 MAY 2017
An industry superannuation fund renewed its administration mandate with an ASX-listed boutique service provider. MainstreamBPO's administration service subsidiary SuperBPO will continue as Combined Super's administrator after extending its partnership ...

Pilot, surgeon and soccer coach join FPA line up

KERRIE SYDEE  |  FRIDAY, 16 SEP 2016
The Financial Planning Association has announced the full line up of speakers ahead of the 2016 FPA Professionals Congress in Perth later this year. FPA chief executive Dante De Gori said this year's group of speakers was the strongest one yet for the ...

Administrator buys Asia-Pacific hedge fund business

DARREN SNYDER  |  WEDNESDAY, 28 OCT 2015
The fund branch of an Australian boutique administrator has acquired the Asia-Pacific hedge fund administration business of Alter Domus. MainstreamBPO announced its US$1 million initial purchase price to the Australian Securities Exchange (ASX) and ...

PROFILE: SuperBPO chief executive Michael Houlihan

DARREN SNYDER  |  FRIDAY, 23 OCT 2015
Fund and superannuation administrator MainstreamBPO listed on the Australian Securities Exchange (ASX) earlier this month and the milestone promised some exciting announcements. Darren Snyder talked to SuperBPO chief executive Michael Houlihan about ...