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Showing 91 - 100 of 206 results for "Indemnity"

AFCA changes could impact PI cover cost: FPA

HARRISON WORLEY  |  TUESDAY, 23 APR 2019
... urging AFCA immediately consider and investigate the potential impact of its proposed legacy claims rule on professional indemnity insurance, with fears the cost of PI cover may rise. The FPA is concerned planners may not be covered under professional ...

Commonwealth Bank delays wealth demerger

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2019
... costs and internal process improvements related to this work, while a further $200 million has been set aside as an indemnity provision for wealth management-related remediation. This includes ongoing service fees charged by aligned advisers, the group ...

CBA posts $4.6b in profits, dividend flat

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... advice and service delivery functions, Credit Card Plus, CommInsureLife Insurance, CommInsureLoan Protection and NewCo Indemnity. $245 million is to be spent on remediating banking customers on package fees, and interest and remediation. CBA's stock ...

SuperConcepts names interim chief executive

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JAN 2019
... now commence a new role in the insurance industry on February 28. Fenech has been appointed chief executive of medical indemnity and deputy group chief executive at Avant Mutual, a medical indemnity insurance provider, SuperConcepts confirmed. Urquhart's ...

ASIC suspends online broker AFSL

KARREN VERGARA  |  TUESDAY, 15 JAN 2019
... in addition to ensuring Halifax continues have arrangements for compensating retail clients and to hold professional indemnity insurance cover. Halifax can request the Administrative Appeals Tribunal to review ASIC's decision. Ferrier Hodgson was appointed ...

CBA stashes cash for compliance

DARREN SNYDER  |  WEDNESDAY, 12 DEC 2018
... December 2018 (1H19) will be impacted from the provisional allocations. The bank said $200 million will be held as an indemnity provision for historical NewCo-related remediation issues, including ongoing service fees charged by aligned advisers in the ...

Advisers choose their own journey on BT hub

DARREN SNYDER  |  FRIDAY, 2 NOV 2018
... business capability." These third parties provide services including research, compliance support, training, professional indemnity insurance and advice software support. BT Open's pricing framework means advisers only pay for the services they choose ...

ASIC and Austplan agree to mutual breakup

DARREN SNYDER  |  FRIDAY, 26 OCT 2018
... licensed to provide financial advice or any other financial service. Austplan is required maintain its current Professional Indemnity insurance policy until the AFSL cancellation takes effect; and maintain its membership of Australian Financial Complaints ...

Dealer groups lift due diligence post Dover

JAMIE WILLIAMSON  |  MONDAY, 17 SEP 2018
... third-parties with which the dealer group had pre-existing relationships. "We also then consulted with our professional indemnity (PI) insurers and sought the opinion of numerous external consultants before only onboarding those advisers that met a very ...

AMP wealth arm leaked $873 million in first half

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
... differentiator at least in the medium term," Wilkins said. The executives also said they would look at professional indemnity insurance of its advisers, either personal or through AMP, but that wouldn't come until after remediation. Company culture During ...