Search ResultsShowing 1 - 10 of 57 results for "Rowena Orr"
Freedom Insurance suspends trading
KARREN VERGARA  |  THURSDAY, 7 FEB 2019
... 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 to the Royal Commission ...
Life risk commissions must also go: Hayne
KANIKA SOOD  |  MONDAY, 4 FEB 2019
... get rid of the commissions? Hayne reiterated a multi-billion dollar risk commission payout that was also cited by Rowena Orr when she kicked off the sixth round of the Royal Commission hearings in September. Insurers had paid out $6.1 billion to advisers ...
TAL and Zurich lead inflows, CommInsure lags: Strategic Insights
KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
... 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%) and BT/Westpac (2%) ...
Ten stories that defined the Royal Commission
HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... 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. APRA takes action ...
Shareholders put NAB board in the hot seat
KARREN VERGARA  |  WEDNESDAY, 19 DEC 2018
... 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 non-compliance ...
Grandfathered commissions: Where to from here?
JAMIE WILLIAMSON  |  WEDNESDAY, 19 DEC 2018
... 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 grandfathered ...
Royal Commission: And that is a wrap
KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... into the tireless work of the financial services Royal Commission as Commissioner Kenneth Hayne and counsel assisting Rowena Orr made closing remarks this afternoon. The final day's hearings adjourned at 1.15pm and unlike other rounds, the Commission ...
ANZ hid reasons for executive pay cuts
KANIKA SOOD  |  THURSDAY, 29 NOV 2018
... executives could take home higher bonuses but had more deferred shares and longer deferred period, counsel assisting Rowena Orr said. Did the new pay structure change behaviour in ANZ's executives, both Orr and Commissioner Kenneth Hayne asked at ...
ANZ lambasted for breach reporting delays
KARREN VERGARA  |  WEDNESDAY, 28 NOV 2018
... legal obligation to do so within 10 days) and blamed the complexity of running a big organisation. Counsel assisting Rowena Orr referenced ASIC's recent investigation into financial institution's breach reporting times , which found ANZ took ...
Should banks fund customer litigation?
HARRISON WORLEY  |  TUESDAY, 27 NOV 2018
... Commission, NAB's plan service fee issue became a focal point of discussion between the bank's chair and counsel assisting Rowena Orr and Commissioner Kenneth Hayne. On the subject of whether NAB should have negotiated with ASIC over the remediation ...
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