AON’s Jim Routledge

• AMP’s Greg Camm
• AON’s Jim Routledge
• ING’s Marc Lieberman
• Institutional Scribe, Jenny Ruth
• Five Life Insurer CEO’s

OUR COMMENTS ON ROUTLEDGE

• Despite his threat of legal action (pretty standard tactics from the life insurance industry) Mr Routledge was proved incorrect. Subsequent to AON’s publication of its Prospectus it had altered its fees in a re-issued Investment Statement – totally permissible but clearly Routledge playing the ugly American bully was hardly appropriate. No apology from him was forthcoming.
• In 2005 AON was ordered by New York Attorney General to pay US$190m in restitution to clients for cheating them. Chief Executive Patrick Ryan was reported as having issued a public apology for the firm‘s actions. "I deeply regret that we took advantage of those conflicts”.