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Showing 91 - 100 of 132 results for %22Compensation Program%22

FEATURE: 2014 year in review

MARK SMITH, LAURA MILLAN, JAMES FERNYHOUGH  |  FRIDAY, 12 DEC 2014
... investors to control their own affairs without too much probing from the regulator, but in return there is to be no compensation scheme if things do turn sour. Where SMSFs have been getting unwanted attention is the scrutiny of the amount of tax they ...

TAL appoints claims manager

LAURA MILLAN  |  WEDNESDAY, 10 DEC 2014
... product, pricing, underwriting, indirect sales, operations, claims (both personal injury and domestic lines), workers compensation, technology systems development, supply chain, injury management, legal and training. Coates said that Maini will be instrumental ...

CBA chairman defends compensation program at AGM

LAURA MILLAN  |  THURSDAY, 13 NOV 2014
... 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 ...

First Super to vote against CBA board members

LAURA MILLAN  |  MONDAY, 10 NOV 2014
... to the financial planning scandals at CBA that prompted a Senate inquiry and forced the bank to set up a compensation program. "Aside from the very real damage to customers, the failure by the board has led to loss of confidence in the organisation ...

CBA appoints litigators as customer advocates

LAURA MILLAN  |  MONDAY, 3 NOV 2014
... Commonwealth Bank (CBA) has appointed three law firms as independent customer advocates for its Open Advice Review compensation program. Maurice Blackburn, Shine Lawyers and Slater and Gordon have been appointed to support individual customers through ...

CBA receives 4200 requests for advice review

JAMES FERNYHOUGH  |  MONDAY, 13 OCT 2014
... released in early 2015, and reporting will continue biannually. So far CBA has paid out approximately $52 million in compensation to around 1,100 customers.

AMP lifts minimum adviser standards

LAURA MILLAN  |  THURSDAY, 21 AUG 2014
... at the centre of a Senate inquiry after media reports unveiled cases of adviser misconduct and inconsistent client compensation processes. AMP will also set up a Customer Advice Review that will attend customer complaints about the quality of advice ...

Greens slam CBA executives pay rise

LAURA MILLAN  |  TUESDAY, 19 AUG 2014
... passed the front page test." He added that from a shareholder's point of view, it is still not clear how the compensation program will affect investors. "CBA has not yet made public what the provision is for the compensation scheme," he said. The Open ...

Macquarie forced to contact all advice clients for remediation

LAURA MILLAN  |  FRIDAY, 15 AUG 2014
... 2004. The EU, imposed by the Australian Securities and Investments Commission (ASIC), forces Macquarie to establish a compensation process that mirrors that of Commonwealth Bank's financial planning divisions, Commonwealth Financial Planning and Financial ...

CBA dismisses Murray's concerns over vertical integration

LAURA MILLAN  |  THURSDAY, 14 AUG 2014
... their best interest." He referred to recent cases of poor financial advice, which have forced CBA to set up a compensation program that goes back to advice provided in 2003. "If we violate that [best interest], we need to make it right," he said. CBA ...