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Showing 51 - 59 of 59 results for "Senior Counsel Assisting"

No view on ending adviser commissions: AMP

ALEX BURKE  |  TUESDAY, 17 APR 2018
... mandating a cessation of the commission-based adviser remuneration model, despite personal reservations. Senior Counsel Assisting Michael Hodge asked Regan whether AMP had formulated a view on whether it would be appropriate for planners to only charge ...

AMP deliberately misled ASIC over ongoing fees

ALEX BURKE  |  TUESDAY, 17 APR 2018
... the 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 ...

AMP's buyer of last resort measures scrutinised

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... list (APSL). With sales under BOLR measures generally valued at four times rolling business revenue, Senior Counsel Assisting Michael Hodge said: "You would only be paid the multiplier on revenue or indeed paid anything if that client's products were ...

AMP executive 'apologises' for advice failings

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... provision of financial advice. In questioning AMP group executive, advice and New Zealand Anthony Regan, Senior Counsel Assisting Michael Hodge read out an apology that Regan included in his written testimony. "I apologise unreservedly for the failures ...

Commonwealth Bank refunding millions in fees for no service

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... misconduct by authorised representatives and financial advisers employed by CBA and related entities, Senior Counsel Assisting Rowena Orr said between July 2007 and June 2015 clients of Commonwealth Financial Planning, BW Financial Advice and Count Financial ...

ANZ issues last minute RC submission correction

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... to the Royal Commission over the weekend ahead of the next fortnight's hearings on financial advice. Senior Counsel Assisting Rowena Orr said the Royal Commission was provided with a correction by ANZ on Sunday as to errors made on the number of authorised ...

AMP admits to serious misconduct in RC submissions

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... January 2008 and 30 June 2015. In opening the Royal Commission's inquiry into financial advice today, Senior Counsel Assisting Rowena Orr provided a summary of the three submissions made by AMP and related entities. Orr said AMP acknowledged it has ...

Royal Commission seeks further disclosure over financial misconduct

DARREN SNYDER  |  MONDAY, 12 FEB 2018
... "could not comply with the amount of content to be reviewed and assembled" within a short timeframe. Senior Counsel Assisting the Commission, Rowena Orr, said several themes of alleged misconduct had already emerged from 385 public submissions including ...

Royal Commission begins in February

JAMIE WILLIAMSON  |  TUESDAY, 23 JAN 2018
... hearing on Monday, 12 February 2018. The initial public hearing, which will see the Commissioner and Senior Counsel Assisting make short opening statements, will be open to the public and live streamed via the Royal Commission's website. While no witnesses ...
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