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Showing 101 - 110 of 473 results for "remediation"

AET divestment drives Insignia profit gain

JAMIE WILLIAMSON | THURSDAY, 23 FEB 2023

... of Bridges with MLC Advice. Over the six-month period the advice business was also impacted by $90 million paid in remediation, with the ANZ Advice fee for no service program being finalised. Overall, cost cutting saw Insignia save 7% in operating expenses ...

AMP profits, declares first dividend since 2019

JAMIE WILLIAMSON | THURSDAY, 16 FEB 2023

... impairments and $90 million in costs associated with breaking up Collimate Capital. It was also impacted by $25 million in remediation costs and $61 million in transformation costs. The wealth management business saw its assets drop from $142.3 billion ...

Super, advice class actions dampen CBA results

KARREN VERGARA | WEDNESDAY, 15 FEB 2023

... date is set for March 2024. Between June and December 2022, CBA saw an increase in the provision for aligned advice remediation for former authorised representatives from Financial Wisdom, Count Financial and Commonwealth Financial Planning of $198 million ...

MLC Life Insurance welcomes new non-executive director

CASSANDRA BALDINI | FRIDAY, 27 JAN 2023

... years of experience, Stephen has expertise in strategy, leadership, governance, culture, mergers and acquisitions, remediation and navigating the complexity of regulated industries. Previously, he served as group chief risk officer and a member of the ...

Sequoia FG revises profit expectations

JAMIE WILLIAMSON | MONDAY, 23 JAN 2023

... repatriation of more than $2 million along with increased costs to service financial advisers. This was related to a 2019 remediation matter involved a since terminated adviser. While its making progress with its professional indemnity insurers, Sequoia ...

Talaria appoints chief operating officer

ANDREW MCKEAN | MONDAY, 16 JAN 2023

... consultant at National Australia Bank (NAB). At NAB, she was a member of the leadership team that oversaw the large-scale remediation program following the 2014 ASIC Wealth Management Project. Ninness has also held operational roles at Digecom Solutions ...

Life insurer claims under regulator watch

CHLOE WALKER | MONDAY, 12 DEC 2022

... have implemented system fixes over the last few years. "They have each commenced, and six have completed, customer remediation programs," ASIC said. ASIC deputy chair Karen Chester explained consumers need to have the confidence that their insurers will ...

CBA increases Countplus indemnity to $520m

ANDREW MCKEAN | THURSDAY, 8 DEC 2022

... to Countplus, from $300 million to $520 million. CBA said the purpose of the increased limit was to cover certain remediation activities that were identified at the time of sale and up to four years post sale. "The estimates of ongoing service fee customer ...

Westpac updates on strategic priorities

CASSANDRA BALDINI | MONDAY, 7 NOV 2022

... unlikely it'll be able to sell the Pacific businesses in the short to medium term. Westpac added that it has completed 14 remediation programs but commenced several more in the year, which it noted were smaller in size than those closed. It reported ...

ANZ told to pay $25m for 20-year failure

JAMIE WILLIAMSON | THURSDAY, 27 OCT 2022

... the contractual benefits they were entitled to. The finding will result in ANZ paying an estimated $211 million in remediation, ASIC said. "The nature and extent of the contraventions was such that they occurred over a substantial period of time and ...

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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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