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Showing 161 - 170 of 473 results for "remediation"

NAB denies underpaying full-time workers

KARREN VERGARA | WEDNESDAY, 26 MAY 2021

... quickly as possible, urging union members audit their pay to make sure they are being paid correctly. NAB calculates the remediation bill to be $108 million (before tax); $14 million was allocated to MLC Wealth employees, which is in the process of being ...

CBA adds $32m to advice remediation bill

KARREN VERGARA | WEDNESDAY, 12 MAY 2021

... increases to the indemnity limit remains under certain triggers relating to the failure rate for fee for no service remediation and the quantum of certain inappropriate advice remediation," the two firms said in a joint statement. "Remediation amounts ...

Statewide not contesting ASIC allegations

KANIKA SOOD | MONDAY, 10 MAY 2021

... members who did not hold cover. ASIC's proceedings sought declarations, pecuniary penalties, injunctions relating to a remediation program and publication orders.

Latitude IPOs despite spotted past

ELIZABETH MCARTHUR | WEDNESDAY, 21 APR 2021

... credit insurance. The regulator found widespread failings in consumer credit insurance and secured $160 million in remediation for consumers. Latitude Group was owned by Kohlberg Kravis Roberts, Varde Partners and Deutsche Bank. The group continues to ...

ClearView adds advice growth role

ANNABELLE DICKSON | THURSDAY, 15 APR 2021

... manage mounting compliance and run more efficient practices." Mantineo added that the ongoing regulatory change and remediation programs inside institutions is leading advisers to review the suitability and viability of their licensing arrangements. ...

Junk insurance lands Westpac in court

KARREN VERGARA | THURSDAY, 8 APR 2021

... commenced civil proceedings against Westpac," she said. Financial institutions and lenders have paid about $250 million in remediation to affected consumers, which is a payment of $430 on average to 580,000 consumers. In addition to Westpac, ASIC announced ...

ASIC sues CBA over monthly fees

ANNABELLE DICKSON | THURSDAY, 1 APR 2021

... and customers should have confidence that the banks they deal with charge fees correctly." CBA paid $66 million in remediation to most of the affected customers by December 2020. However, there are still some customers who have yet to be remediated. ...

RBNZ puts Westpac on notice

ANNABELLE DICKSON | WEDNESDAY, 24 MAR 2021

... undertaking (CEU). The CEU requires Westpac to develop an integrated plan that incorporates all major risk governance remediation programs covering financial and non-financial risks and have independent assurance over the implementation of the plan and ...

APRA closes Westpac probe

ELIZA BAVIN | FRIDAY, 12 MAR 2021

... investigation, Westpac is still subject to a court enforceable undertaking (CEU) to implement an integrated risk governance remediation plan to uplift risk governance across its business with ongoing independent review over its progress. The $1 billion ...

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR | THURSDAY, 11 MAR 2021

... service, launching just last year. People who think they may be eligible for a refund from the multi-million-dollar remediation programs being run by all of Australia's largest financial institutions can use Remediator to manage the refund process. ...

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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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