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Showing 1 - 10 of 126 results for "Counsel Assisting"

AMP shakes up advice service model

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 26 JUL 2021
... BOLR measures have been under close scrutiny since the 2018 Hayne Royal Commission. In an early hearing, senior counsel assisting Rowena Orr highlighted instances in which service fees were still charged after the client's adviser sold the rights ...

No charges in AMP BOLR investigation

JAMIE WILLIAMSON  |  FRIDAY, 16 JUL 2021
... matter". The conduct was the subject of intense scrutiny during the 2018 Royal Commission. At the time, Senior Counsel Assisting Michael Hodge also noted that AMP would dial down fees for orphaned clients rather than issue a disclosure statement not ...

ASIC bans RC case study adviser

HARRISON WORLEY  |  TUESDAY, 12 MAY 2020
... Royal Commission case study, which saw advice he provided to clients as a Millennium3 adviser pored over by counsel assisting the commission. ASIC said Harris engaged in conduct which was likely to mislead or deceive by making the false impression that ...

ASIC takes action against TAL over RC case

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
... order during the Commission. In summing up the sixth round of Royal Commission hearings in September last year, counsel assisting Rowena Orr said TAL had accepted it may have breached its duty of utmost good faith by avoiding the customer's insurance ...

APRA slaps extra conditions on Avanteos

HARRISON WORLEY  |  WEDNESDAY, 11 DEC 2019
... Royal Commission referred the firm's conduct to the regulator in February this year for investigation, after counsel assisting Michael Hodge told the Royal Commission Avanteos' may have engaged in misconduct that breached the Corporations and ...

Freedom Insurance suspends trading

KARREN VERGARA  |  THURSDAY, 7 FEB 2019
... exposed unethical sales practices whereby Freedom sold life insurance policies to an intellectually disabled man. Counsel assisting Rowena Orr said Freedom may have engaged in unconscionable conduct for selling policies to vulnerable customers. Prior ...

TAL and Zurich lead inflows, CommInsure lags: Strategic Insights

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
... challenges to its jurisdiction and failed to provide information requested that breached FOS' terms of reference, counsel assisting Rowena Orr said. Meanwhile, other life insurers reported positive inflows. TAL (4.9%), Zurich (3.7%), Suncorp (2%) ...

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... inappropriate financial advice from Sam Henderson, the chief executive of Henderson Maxwell. On the same day, counsel assisting Rowena Orr grilled FPA chief Dante De Gori over its handling of a compliant letter it received from McKenna in July 2017. ...

Shareholders put NAB board in the hot seat

KARREN VERGARA  |  WEDNESDAY, 19 DEC 2018
... said, adding if it takes 10 years then "something is wrong with the board and senior management." In response to counsel assisting Rowena Orr's question about what NAB is doing to embed new culture, Henry listed initiatives that include closely monitoring ...

Grandfathered commissions: Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 19 DEC 2018
... Royal Commission in favour of keeping the model. The association's submission was highlighted by Senior Counsel Assisting Rowena Orr in her summation of the final round, stating: "Only the Association of Financial Advisers is wholly opposed to ending ...
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