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Showing 941 - 950 of 4542 results for "Michael"

AMP incorrectly charged more than $26 million: Royal Commission

HARRISON WORLEY  |  THURSDAY, 16 AUG 2018
... 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. The incidents ...

Intra-fund advice conflicted: Royal Commission

KARREN VERGARA  |  THURSDAY, 16 AUG 2018
... manager of distribution Peter Chun followed colleague Linda Elkins' testimony yesterday. Senior counsel assisting Michael Hodge continued to flesh out why CFS, a subsidiary of CBA, mishandled transitioning members to MySuper products over a long ...

ANZ grilled over Smart Choice sales

JAMIE WILLIAMSON  |  THURSDAY, 16 AUG 2018
... before the Commission this morning, ANZ head of superannuation Mark Pankhurst was questioned by Senior Counsel Assisting Michael Hodge about the process customers are sold ANZ's Smart Choice Super product. Typically, branch staff conduct an A to ...

Poor systems delay MySuper transitions: CFS

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
... January 2014 deadline that default contributions must be paid into MySuper products. Yesterday, senior counsel assisting Michael Hodge questioned why CFS dragged its feet in transitioning 13,000 FirstChoice Personal members into cheaper MySuper default ...

CFS and a messy MySuper transition

KANIKA SOOD  |  TUESDAY, 14 AUG 2018
... out of personal MyChoice super, they would risk losing benefits like insurance cover. Counsel assisting the Commission Michael Hodge alleged CFS tried to scare the members into staying in their current fund. The fund did not give them the required 90 ...

Suncorp suppressed tax benefits to super members

KARREN VERGARA  |  TUESDAY, 14 AUG 2018
... certain tax deductions in the form insurance premiums, for example, that give rise to a tax refund. Senior counsel assisting Michael Hodge pointed out that one way of dealing with the tax surplus was to return it to the members. "Yes, that would be one ...

NAB initially under-reported remediation bill to ASIC

KANIKA SOOD  |  MONDAY, 13 AUG 2018
... regulator on when it wanted to release the report and what questions they wanted to ask of NAB. Senior Counsel assisting Michael Hodge alleged NAB was concerned ASIC would publish its fee for no service report with the compensation bill just as the bank ...

NAB complicated plan service fee issue: Royal Commission

HARRISON WORLEY  |  MONDAY, 13 AUG 2018
... NAB Wealth failed to make its plan service fee issue easy to solve, the Royal Commission heard today. Counsel assisting Michael Hodge suggested to NAB chief customer officer and former group executive of NAB Wealth Andrew Hagger that the bank's wealth ...

Royal Commission on social media: Former Treasurer weighs in

HARRISON WORLEY  |  FRIDAY, 10 AUG 2018
... industry super would have just been streaming the last four days of NAB's royal commission testimony #BankingRC - Michael Roddan (@MichaelRoddan) August 9, 2018 The Australian finance journalist Michael Roddan questioned the value of the fox in the ...

NAB CEO apologises over super failures

HARRISON WORLEY, DARREN SNYDER  |  FRIDAY, 10 AUG 2018
... you, and the mistake we've made in this case is we haven't done that." On Wednesday, senior counsel assisting Michael Hodge put forward the case that NULIS Nominees - the trustee of MLC and NAB super products - did not act in the best interests ...