EXHIBIT #2.161 WITNESS STATEMENT OF MS BRITT CONCERNING RUBRICK 2.27 DATED 10/04/2018 (AND ATTACHED EXHIBITS) MR HOLLO: Thank you, Commissioner. THE COMMISSIONER: Ms Orr. <CROSS-EXAMINATION BY MS ORR [12.08 pm] MS ORR: Ms Britt, in your position as head of compliance at AMP, you’re responsible for the advice compliance team?Correct. And one of the responsibilities of that team is to escalate and make reports of issues and incidents to the breach committee?Correct. And immediately before your current role you were the team leader, senior legal counsel, litigation and dispute resolution ?Correct. at AMP?Correct. You’ve worked in the financial services industry since 2004?Correct. And you’ve been put forward by AMP to give evidence about advice given by three financial advisers?Correct. And the first of those – the name of that adviser has been anonymised in your statement and I am going to refer to him as Mr E. The second is Ms Jennifer Coleman who you have just referred to?Correct. And the third is Mr Andrew Palmer?Correct. And each of those people was an authorised representative of a subsidiary of AMP at the time they provided financial advice?That’s correct. And AMP operates its financial advice business through several entities, including AMP Financial Planning and Charter Financial Planning?Correct. Charter Financial Planning has its own financial services licence?Yes, it does. And AMP also previously had a subsidiary called Genesys Wealth Advisers?That’s correct. Is that
And I should have taken you to the dot point above that which was that they had told Ms Coleman that they wanted to make sure their family was secure: …should anything unplanned happen to either of us. ?Yes. And the outcome of the discussions is summarised by Ms Coleman as follows: You make sure you have adequate levels of insurance cover now you have a new daughter as you want to ensure your family is supported financially if either of you were to suffer an unfortunate event. As a result, we will review your current insurance needs and ensure you have appropriate levels of cover through a competitive insurance provider. ?Yes. And then at 0121, the page I took you to earlier with the date of birth of the child, there’s some information about the two clients there which was redacted out of the personal details box but you have that information in front of you?Yes. And we can see that the clients were a young couple. The male was a tradesperson?Yes. And the female had listed her occupation as home duties?Yes. And you can see that the combined net income of the couple – I see that has not been redacted out – is $73,000 towards the bottom of the page?Yes, I can see that. And at 0133, we come to the Recommendations, and there is a recommendation next to Super Ownership on the left-hand side? Do you see that?Yes, I can see that. Continuing: We recommend your life, TPD and income protection insurance be owned by the trustee of the AIA Master Trust and paid for with annual rollovers. ?Yes. And at the table at the foot of the page we can see Ms Coleman’s advice in respect of the male client?Yes. We will just wait for that table to come up onto the screen. Ms Coleman recommended that the male client replace each of his existing insurances but with policies with the same level of cover?Well, it’s actually – this table is – can be somewhat confusing. What has actually happened is earlier in the document the adviser has set out current level of cover
EXHIBIT #2.172 STATEMENT OF MARIANNE PERKOVIC DATED 13/04/2018 (CBA.9000.0015.0001) P-1651 EXHIBIT #2.173 STATEMENT OF RENATO MOTA (IFL.9999.0001.0038) P-1651 EXHIBIT #2.174 FIRST STATEMENT OF MICHELLE WEBER DATED 13/04/2018 (MGL.0006.0002.0142) P-1651 EXHIBIT #2.175 SECOND STATEMENT OF MICHELLE WEBER DATED 13/04/2018 (MGL.0006.0002.0130) P-1651 EXHIBIT #2.176 STATEMENT OF MARTI CARNE (WIT.0030.0001.0001) P-1651 EXHIBIT #2.177 SUMMONS TO MR HAGGER P-1653 EXHIBIT #2.178 STATEMENT OF ANDREW HAGGER DATED 05/04/2018 (AND ATTACHED EXHIBITS) P-1654 EXHIBIT #2.179 STATEMENT OF ANDREW HAGGER DATED 13/04/2018 (AND ATTACHED EXHIBITS) P-1654 EXHIBIT #2.180 MLC APPLICATION FORM (NAB.080.016.5643) P-1660 EXHIBIT #2.181 MLC APPLICATION FORM (NAB.080.016.5603) P-1661 EXHIBIT #2.182 MLC APPLICATION FORM AS AMENDED (NAB.080.016.5569) P-1662 EXHIBIT #2.183 MLC APPLICATION FORM AS AMENDED (NAB.080.016.5679) P-1663