Christopher Kelaher, Managing Director of Australia’s second largest wealth manager IOOF, is being questioned over breaches of regulations, customers being compensated with their own money, and concerns over IOOF’s governance and conflicts of interest. Recorded on 10 August 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.
Richard Allert, chairman of AMP’s superannuation trustee, is being questioned over what AMP fund members actually get for their money, including the unusual case of members who lost money by investing in the safest asset class of them all – cash. Recorded on 16 August 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.
Mark Pankhurst, head of superannuation at Australia & New Zealand Banking Group, is being questioned over ANZ mis-selling a superannuation product over the counter to customers in breach of financial advice laws. Recorded on 15 and 16 August 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.
Maurizio Pinto, Executive Manager of the office of the superannuation trustee within Suncorp Portfolio Services Limited (SPSL), is being questioned over obscure administration fees and intra-company arrangements, as well as tax benefits Suncorp was withholding from members. Recorded on 13 and 14 August 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.
Stephen Glenfield, an executive at the Australian Prudential Regulation Authority (APRA), is being questioned over the regulator’s inability to force wealth manager IOOF to act in the best interests of its superannuation fund members nor to change its structure in a way that overcomes internal conflicts of interest. Recorded on 17 August 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.
Peter Chun, general manager of distribution at Commonwealth Bank’s wealth management arm Colonial First State, is being questioned over the Commonwealth Essential Super product and its distribution, intrafund advice and revenue paid from the fund to the bank under a revenue-sharing agreement. Recorded on 15 August 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.
David Elia, Chief Executive of HostPlus, is being questioned over keeping inactive, low-balance members in the fund to collect premiums and spending A$260,000 entertaining employers at the Australian Open. Recorded on 14 August 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.
Peter Haysey, Deputy Chair at Catholic Super, is being questioned over the conflict of interest issue of general manager investor relations Rob Clancy failing to disclose that his brother and wife were shareholders or directors of companies that picked up contracts from Catholic Super. Recorded on 15 August 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.
Scott Wilson, chairman of Queensland-based fund Energy Super, is being questioned over a failed merger with Equip. Recorded on 10 August 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.
John Keating, Head of Platform Development at AMP, is being questioned about fees charged by AMP for customers of its wealth platform, the automatic selling of products to cover those fees, and the need to sell out of funds when moving platforms. Recorded on 18 April 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.
Anthony Regan, head of financial advice at AMP, is being questioned over AMP charging customers fees without providing any services, misleading the Australian Securities and Investments Commission (ASIC) about the practice, intervening in an “independent” report produced by law firm Clayton Utz, and other matters related to financial advice within Australia’s biggest wealth manager. Recorded on 16 and 17 April 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.
David Malcolm, General Manager of Credit at Westpac, is being questioned on credit card limit upgrades and Westpac’s alleged refusal to comply with guidelines on that matter from the Australian Securities and Investments Commission (ASIC). Recorded on 23 March 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.
