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Showing 1 - 10 of 26 results for "Senior Counsel Assisting Michael Hodge"

No charges in AMP BOLR investigation

JAMIE WILLIAMSON  |  FRIDAY, 16 JUL 2021
... 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 because those ...

APRA grilled over superannuation

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... outcome of the application of those processes and identifying that the outcome is deficient?" senior counsel assisting Michael Hodge asked of Byres. Hodge said it was the same issue with CBA - the framework and policies looked good but the audit and ...

APRA not clear how to police BEAR breaches

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... from the change. Continuing his testimony on the Royal Commission's final day, Byres told senior counsel assisting Michael Hodge that while it had an interim plan to manage breaches by an accountable person at a bank under BEAR, it hadn't fully fleshed ...

Miscalculations delay remediation, more issues emerge: AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 28 NOV 2018
... workplace super members prompted by eight breaches identified by the company in October. Senior counsel assisting Michael Hodge asked Wilkins: "Is the risk that AMP faces in relation to this that it may have another fees for no service case on its hands?" ...

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
... 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 Z review ...

Poor systems delay MySuper transitions: CFS

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
... 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 products. ...

Suncorp suppressed tax benefits to super members

KARREN VERGARA  |  TUESDAY, 14 AUG 2018
... 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 potential ...

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 CEO apologises over super failures

HARRISON WORLEY, DARREN SNYDER  |  FRIDAY, 10 AUG 2018
... 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 of ...
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