Search Results | Showing 11 - 20 of 26 results for "Open Advice Review Program" |
| | | ... duty to do the right thing by customers" during the hearing, pointing to the company's independent Open Advice Review program. He did concede, however, that the compensation process had taken longer than customers might have hoped, saying that it would ... |
| | | | ... shattering and highly critical report that included 61 recommendations. Since then, CBA has started the Open Advice Review program to review the advice of all of its advice clients from 2003 to 2012. The bank has so far appointed a number of independent ... |
| | | | ... adviser), with fees up to $5,000 being met by CBA. They will also be eligible to participate in the Open Advice Review program. |
| | | | ... and managers, improved document management and changes to the remuneration structure. Regarding the Open Advice Review program, which aims to compensate victims of the bank's rogue financial advisers, he said that it demonstrates "our commitment to make ... |
| | | | ... resolving any legitimate outstanding grievances from affected Commonwealth Bank customers through the Open Advice Review Program and enforcement by ASIC." The statement added that "the Open Advice Review Program and the various related initiatives as ... |
| | | | ... Financial Wisdom have applied to have advice they received reviewed by the Commonwealth Bank's (CBA's) Open Advice Review program. This figure represents around 1% of customers on CBA's wealth book, although not all of those are eligible to have their ... |
| | | | ... discussions with a number of plaintiff law firms that will act as independent consumer advocates in the Open Advice Review program to compensate victims of poor financial advice. CBA is expecting to announce the law firms appointed in the coming weeks. ... |
| | | | ... investors. "CBA has not yet made public what the provision is for the compensation scheme," he said. The Open Advice Review program is open to all CBA financial advice clients from 2003 to 2012. The compensation process was set up following an exhaustive ... |
| | | | ... year to June 2013. Narev did not specify what part of that percentage corresponds to the costs of the Open Advice Review program and the new licensee conditions imposed by the Australian Securities and Investments Commission (ASIC) on CBA's Commonwealth ... |
| | | | ... media reports and a sweeping Senate Economics Committee inquiry. Since then, CBA has put in place an Open Advice Review program to review compensation to victims of poor advice, but the group has not revealed how much this is likely to cost. "The group ... |
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