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Showing 1 - 10 of 12 results for "Promontory Financial Group"

KPMG names risk consulting partners

ANNABELLE DICKSON  |  FRIDAY, 4 JUN 2021
... management advice to banking, insurance, wealth, utilities and government sectors. Conner joins from Promontory Financial Group where she was a director. She was previously senior manager risk culture at QBE Insurance and director at Grant Thornton in ...

Super funds must do more digitally

JAMIE WILLIAMSON  |  THURSDAY, 1 JUN 2017
... than you're currently addressing today." Decimal's software was recently independently reviewed by Promontory Financial Group against the requirement of ASIC's RG255, which Pollock said will give banks and super funds greater confidence in Decimal's ...

CBA to pay $23 million for poor advice

JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2017
... million in compensation to customers found to have received inappropriate and costly financial advice. Promontory Financial Group confirmed it has completed all assessments of Commonwealth Financial Planning and Financial Wisdom customers who requested ...

Decimal appointment strengthens compliance

KERRIE SYDEE  |  THURSDAY, 30 JUN 2016
Decimal Software (Decimal) has established an advisory board, appointing its first member. Promontory Financial Group adviser Glenn Mescher will join the advisory board, bringing expertise in risk management, governance and technology. Mescher has over ...

CBA offers more than $4m in compensation

KERRIE SYDEE  |  THURSDAY, 2 JUN 2016
... Advice Review program, which has seen over 9000 cases submitted for review. CBA independent expert, Promontory Financial Group, has released its fifth report and update on the program for the period ending 30 April 2016. The report reveals that for the ...

CBA says most customers received appropriate advice

ALEX BURKE  |  TUESDAY, 2 FEB 2016
... that the "majority of customers" assessed so far received appropriate advice. The report, prepared by Promontory Financial Group, is based on the nearly 2,000 assessments completed by 31 December 2015; of that number, 171 offers of compensation (amounting ...

CBA's advice review compensates 19 clients

LAURA MILLAN  |  WEDNESDAY, 30 SEP 2015
... widespread boiler room culture within the bank's advice divisions. The third report by independent expert Promontory Financial Group revealed that the bank had 8,835 cases registered to the program as of 31 August 2015. Of these cases, 1,285 have progressed ...

CBA compensation payments total $79,702 so far

LAURA MILLAN  |  FRIDAY, 29 MAY 2015
... clients are still reviewing the compensation proposal. Independent expert for the compensation process Promontory Financial Group released its second report and confirmed that CBA had offered total compensation of $562,513 to 28 clients out of 208 cases ...

Independent expert lists CBA compensation challenges

LAURA MILLAN  |  FRIDAY, 19 DEC 2014
Promontory Financial Group has acknowledged that the Commonwealth Bank (CBA) program to compensate victims of bad financial advice poses a number of challenges. The independent expert has released its first report, following its appointment by CBA in ...

CBA receives 4200 requests for advice review

JAMES FERNYHOUGH  |  MONDAY, 13 OCT 2014
... review process, the bank said. The Open Advice Review program is being monitored by independent expert Promontory Financial Group. Their first formal report will be released in early 2015, and reporting will continue biannually. So far CBA has paid out ...
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