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Showing 131 - 140 of 724 results for "Resolution"

ASIC outlines approach to reforms amid uncertainty

JAMIE WILLIAMSON  |  FRIDAY, 13 AUG 2021
... obligations, new restrictions on hawking, the deferred sales model for add-on insurance, and updated internal dispute resolution requirements. Outlining the approach the regulator will take, ASIC chair Joe Longo said it will consider the "context that ...

AMP flags recovery, profit jumps

KARREN VERGARA  |  THURSDAY, 12 AUG 2021
... group's underlying net profit after tax hit $181 million, buoyed by strong performances from AMP Bank and its stakes in Resolution Life and the China Pension Life Company. In the pre-Hayne Royal Commission days, AMP boasted a 2017 half-year NPAT ...

Clime wants director removed

KARREN VERGARA  |  TUESDAY, 3 AUG 2021
... long-serving executive Neil Schafer. Clime has scheduled an extraordinary general meeting on August 6, putting forth a resolution to shareholders to immediately dethrone Schafer, who has been with the ASX-listed firm since 2011 and is currently an independent ...

AFCA weeds out phony complaints

ELIZABETH MCARTHUR  |  FRIDAY, 30 JUL 2021
... AFCA's bureaucracy. "And in a small percentage of these complaints, the complainant refuses to consider a reasonable resolution and seeks to push the complaint all the way to determination," AFCA ombudsman Justin Untersteiner said. "We have been told ...

AMP sued over corporate super misconduct

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... The conduct is said to have taken place between July 2015 and April 2019, involving AMP Superannuation, AMP Life (now Resolution Life NZ), AMP Financial Planning, AMP Services, Charter Financial Planning and Hillross Financial Services. It is alleged ...

Six new ombudsmen at AFCA

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
... welcomed six ombudsmen to the fold, three of which came from the financial services sector. ANZ head of legal, dispute resolution group Louise McAuliffe, and Westpac practice leader for business lending legal James Taylor will join AFCA's banking and ...

Aon, Willis Towers Watson terminate merger

ELIZABETH MCARTHUR  |  TUESDAY, 27 JUL 2021
... would have accelerated our shared ability to innovate on behalf of clients, but the inability to secure an expedited resolution of the litigation brought us to this point." In connection with the termination of the business combination agreement, Aon ...

ASIC bans adviser, cancels AFSL

ANNABELLE DICKSON  |  THURSDAY, 22 JUL 2021
... meet its obligations," ASIC said in a statement. The licence will continue until August 31 to allow time for a dispute resolution scheme and further arrangements for compensating clients, including professional indemnity insurance. Bevan has applied ...

ASIC spells out IDR reporting

ANNABELLE DICKSON  |  TUESDAY, 20 JUL 2021
The corporate regulator has released the internal dispute resolution (IDR) reporting documents including a data dictionary and glossary. Financial firms across the industry will be the first to test the documents in a pilot later this year in what marks ...

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
... establishment of the Compensation Scheme of Last Resort will support ongoing confidence in the financial system's dispute resolution framework by facilitating the payment of compensation to eligible consumers who have received a determination for ...