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Showing 91 - 100 of 473 results for "remediation"

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN | TUESDAY, 27 JUN 2023

... compliance, improving disclosures about application funds, and notifying ASIC of any reportable situations or paying remediation. Meanwhile, ASIC also reached out to major auditing firms and industry bodies to reiterate the role auditors can play in ...

Former Capstone adviser in EU with ASIC

JAMIE WILLIAMSON | THURSDAY, 22 JUN 2023

... financial service, legal or accounting business. The misconduct has resulted in Blackaby and Capstone undertaking a remediation program for Blackaby's clients, which has so far seen more than $500,000 paid back to clients whose records were not sufficient ...

Bank of Queensland slapped with EU

CASSANDRA BALDINI | WEDNESDAY, 31 MAY 2023

... said BOQ has acknowledged the weaknesses set out in the CEU and has agreed to several requests, including preparing a remediation plan that details all activities BOQ is undertaking, or will undertake, to address the weaknesses, with a clear timeline ...

Poor policy administration sees MLC Life pay $22m

JAMIE WILLIAMSON | FRIDAY, 19 MAY 2023

MLC Life will pay $10 million, in addition to $12 million in remediation, for failing to pay promised rehabilitation benefits. The life insurer was penalised by the Federal Court after it was found guilty of several breaches of the ASIC Act, the Corporations ...

AustralianSuper to refund 100k members

CHLOE WALKER | FRIDAY, 12 MAY 2023

... not have happened, and we apologise unreservedly to members," AustralianSuper said. "The fund is taking appropriate remediation actions and has self-reported the issue to the regulators." To make good, AustralianSuper said it will contact around 100,000 ...

Modern slavery on the rise a decade on from Rana Plaza

RACHEL ALEMBAKIS | FRIDAY, 21 APR 2023

... and informal contexts such that people can raise concerns in a way that is safe, Brodie said. The step of remedy and remediation is an area where investors can participate as long-term owners, Turner said. "As investors, once an instance has been found ...

APRA investigates NobleOak capital adequacy breach

KARREN VERGARA | FRIDAY, 31 MAR 2023

... liquidity and have a "sound regulatory capital position" by 30 June 2023. APRA said it is "satisfied" that NobleOak's remediation plan is "credible and will monitor NobleOak's execution of the plan closely over the coming months". "NobleOak's non-compliance ...

Court fines ANZ for dodgy introducer program

KARREN VERGARA | MONDAY, 13 MAR 2023

... the bank said in a statement: "ANZ has cooperated with ASIC during this process, is nearing completion of a customer remediation program and has made changes to its home loan processes." "As part of the settlement, ANZ has agreed that its Customer Fairness ...

First Super awards ESG mandate

RACHEL ALEMBAKIS | FRIDAY, 10 MAR 2023

... impacted on the workers and their families, and it's also impacted on the bottom line because of the substantial remediation. We want to get ahead of the curve and identify labour risks." The strategy also incorporates material governance factors ...

Dodgy advice bill nears $5bn: ASIC

CASSANDRA BALDINI | FRIDAY, 10 MAR 2023

Providing its final update on institutions' financial advice remediation programs, ASIC calculated AMP, ANZ, Commonwealth Bank (CBA), Macquarie, NAB and Westpac have so far paid a combined $4.7 billion. The remediation programs included in ASIC's update ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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