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Showing 151 - 160 of 473 results for "remediation"

AMP sued over corporate super misconduct

JAMIE WILLIAMSON | FRIDAY, 30 JUL 2021

... super plan into a retail account. "AMP took action to rectify the issue, self-reported it to ASIC, and commenced a remediation process," AMP said. That remediation program saw about $900,000 refunded to impacted members and was completed in November ...

No charges in AMP BOLR investigation

JAMIE WILLIAMSON | FRIDAY, 16 JUL 2021

... it stands, fee-for-no-service misconduct has seen Australia's largest institutions pay about $1.24 billion in remediation to date.

OnePath to remediate over pressure selling

ELIZABETH MCARTHUR | MONDAY, 12 JUL 2021

... time but was operated as a separate business. "For over three years now, ASIC has pursued enforcement, regulatory and remediation action to tackle misconduct and stem consumer harm in the direct life insurance market. ASIC has delivered deterrence through ...

Superannuation complaints down 31%: AFCA

KANIKA SOOD | MONDAY, 5 JUL 2021

... resolved by agreement after AFCA brought the parties together, and that nearly 60% of cases were resolved within 60 days. Remediation payments stemming from AFCA investigations into systematic issues totalled about $32 million in the 12 months, it said ...

Westpac in fresh $87m remediation program

KARREN VERGARA | FRIDAY, 2 JUL 2021

The failure of Westpac's former advisers to pass on corporate actions to clients for more than a decade will see the big bank pay a hefty bill. The $87 million that will be remediated affects 32,000 customer accounts, ASIC announced this morning ...

CountPlus acquisitions boost revenue by $9.4m

KARREN VERGARA | THURSDAY, 24 JUN 2021

... education requirements." Count Financial, which was previously part of the Commonwealth Bank, raised its provision for remediation related to historical adviser misconduct to $252 million.

ASIC takes on NAB for fee-for-no service breaches

KARREN VERGARA | FRIDAY, 18 JUN 2021

... the contraventions. NAB went on to continue charging customers after May 2018. Archibald criticised NAB's two remediation programs. "Money is not necessarily enough to make good or whole the harm to the customers," he said. He argued that NAB's ...

AFCA names two lead ombudsmen

ANNABELLE DICKSON | MONDAY, 31 MAY 2021

... at Westpac where she was head of business bank legal and had oversight of business lending disputes, business bank remediation projects and regulatory projects. Previously she was head of institutional and business banking legal for St George and practice ...

Criminal charges filed against ME Bank

JAMIE WILLIAMSON, KANIKA SOOD | THURSDAY, 27 MAY 2021

... concern home loan customer communications and arise from issues reported to ASIC in October 2018 and addressed via remediation in 2019. Remediation paid totalled $105,000, the bank said. ME Bank would not comment further but confirmed the matters are ...

AMP sued for charging dead clients

JAMIE WILLIAMSON | THURSDAY, 27 MAY 2021

... since 2011. AMP later told ASIC it was 10,155 accounts that were affected. In a statement to the ASX, AMP confirmed a remediation program commenced in 2019 found breaches dated back to 2011. The program returned $5.3 million to estates and representatives ...

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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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