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Showing 1 - 10 of 11 results for "MP Andrew Leigh"

ASIC urged to act on common ownership

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
... different in the way it does it, and very few actually hand all of their voting powers to a single entity," she said. MP Andrew Leigh said the Hayne Royal Commission criticised ASIC for being slow to act on emerging issues. "I worry that on common ownership ...

Tim Wilson grills NAB on super ownership

ELIZABETH MCARTHUR  |  THURSDAY, 9 SEP 2021
... Over the last eight years, McEwan said, there has only been a slight change to the ownership mix of NAB shares. MP Andrew Leigh asked about conversations with Vanguard and BlackRock and the bank, but McEwan said the conversations with these large shareholders ...

Future Super, Verve accused of misleading members

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 FEB 2021
... Corporation chair Lindsay Tanner referred to Verve and Future Super as "promoters" of Diversa funds. This prompted Labor MP Andrew Leigh to liken the funds to "giant SMSFs" and question their marketing spends. However, Tanner defended Diversa's business ...

Industry fund called out over board diversity initiatives

KARREN VERGARA  |  THURSDAY, 17 DEC 2020
... which 60% are women, was grilled at a Standing Committee on Economics hearing into superannuation in November by MP Andrew Leigh, who questioned why board diversity initiatives take a backseat. APRA's June 2020 fund level superannuation statistics ...

Mercer restructures fees, asset allocation

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
... for three months in response to regulatory changes and investments in member services. The changes come after MP Andrew Leigh and deputy chair of a recent super inquiry pulled up Mercer chief executive for Australia and Pacific zone leader David Bryant ...

Retail superannuation funds grilled on member priorities

KARREN VERGARA  |  TUESDAY, 24 NOV 2020
... ticket clipping and maximising the bottom line above putting the interests of members first. Deputy chair and MP Andrew Leigh broached the notion: "How does a for-profit fund adhere to the best financial interests duty? This is straightforward for an ...

ASIC chair steps aside pending pay review

JAMIE WILLIAMSON, KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
... ASIC and its vital purpose to build a fair, honest and efficient financial system for all Australians." Labor MP Andrew Leigh asked what the rationale was behind Shipton stepping aside but not Crennan. Crennan responded that he has offered to repay the ...

Lazard dumps AMP shares

ELIZABETH MCARTHUR  |  TUESDAY, 4 AUG 2020
... Ferrari was questioned, with some hostility, by the House of Representative Standing Committee on Economics. Labor MP Andrew Leigh noted during the committee hearing that AMP's share price had slid dramatically since the Royal Commission. "You used to ...

AMP approved product list under fire

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 JUL 2020
... are beholden to have come under fire from the House of Representatives Standing Committee on Economics. Labor MP Andrew Leigh questioned AMP chief executive Francesco De Ferrari on how the institution has changed since the Royal Commission. Leigh acknowledged ...

Asgard, Future Super shamed on ERS

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... funds within five business days after the member is approved for early release by the Australian Tax Office. Labor MP Andrew Leigh expressed concern that chair of the commission Liberal MP Tim Wilson was only enquiring about conflicts of interests in ...
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