Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 81 - 90 of 126 results for "Counsel Assisting"

RC suggests separating platforms and advice licensees

ALEX BURKE  |  MONDAY, 30 APR 2018
One of the key points made by Senior Counsel Assisting Rowena Orr at the end of the financial advice Royal Commission was that vertical integration of advice licensees and platform providers carries systemic risk. Orr said that licensees using approved ...

Brenner leaves AMP

JAMIE WILLIAMSON  |  MONDAY, 30 APR 2018
... "AMP respects the Royal Commission process. I can assure you that the evidence and submissions presented by Counsel Assisting are being treated extremely seriously by the board. Appropriate steps are being taken to address the issues raised, and remediating ...

First Super to vote against AMP board

ALEX BURKE  |  FRIDAY, 27 APR 2018
... value has been destroyed with the share price down 20% in the last month," he continued. "News today that the Counsel Assisting the Royal Commission submitting it is open to the Royal Commission to recommend criminal charges against AMP is yet another ...

ROYAL COMMISSION: Our top stories

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... purpose to be to exonerate the licensee of any liability in the event of misconduct by authorised representatives. Counsel Assisting Mark Costello questioned Dover owner Terry McMaster over the document, the intention of which reads: "Dover's Client ...

Adviser regulation lacking a professional body, RC hears

KARREN VERGARA  |  FRIDAY, 27 APR 2018
... yesterday, explaining the professional body aspires to play a bigger role in regulating the industry. Senior Counsel Assisting Rowena Orr unearthed the AFA's passive approach to disciplining and monitoring members' misconduct and why it doesn't ...

MGP responds to Henderson's RC hearing

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... provider through which Maxwell Henderson runs its custom MDA offering. During Henderson's testimony, Senior Counsel Assisting Rowena Orr outlined that about 70% of Henderson Maxwell's total clients and about 84% of its total funds under advice are managed ...

ASIC grilled over negotiating with banks

ALEX BURKE  |  FRIDAY, 27 APR 2018
... its practice of heavily negotiating enforceable undertaking outcomes with financial advice licensees. Senior Counsel Assisting Rowena Orr asked ASIC senior executive leader - financial advisers, Louise Macaulay, why ASIC did this instead of "exercising ...

Dover roasted for 'Orwellian' protection policy

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... purpose to be to exonerate the licensee of any liability in the event of misconduct by authorised representatives. Counsel Assisting Mark Costello questioned Dover owner Terry McMaster over the document, the intention of which reads: "Dover's Client ...

Royal Commission invite refused by Dover

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... being in any way mandatory. You know, an invitation doesn't require a response," McMaster said. When asked by Counsel Assisting Mark Costello whether he was aware that Dover had been the only such entity to decline, McMaster responded: "The word decline ...

Advice firm impersonated clients

JAMIE WILLIAMSON  |  THURSDAY, 26 APR 2018
... of phone calls in which a staffer impersonated a client may have been at his direction. Questioned by Senior Counsel Assisting Rowena Orr on Tuesday, Henderson Maxwell chief executive and senior financial adviser Sam Henderson admitted it was "most likely" ...