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Showing 2031 - 2040 of 6733 results for "Review"

Westpac hit with $1.2bn of losses

KARREN VERGARA  |  MONDAY, 26 OCT 2020
... was offset by a positive revaluation of the group's holding in Zip Co. of $212 million. In May, Westpac announced it will review its business units that did not deliver scale or returns, some of which were general and life insurance, and auto finance. ...

IOOF compensation bill soars

KARREN VERGARA  |  MONDAY, 26 OCT 2020
... financial advisers and having noted the ongoing impact of the investigation on clients, has voluntarily undertaken its own review." The review seeks to determine if fee-paying clients were provided with the agreed service and/or advice, supported with ...

Daniel Crennan resigns

ELIZABETH MCARTHUR  |  MONDAY, 26 OCT 2020
... to me," he said. "Following its audit of ASIC's financial statements, the ANAO has recommended that an independent review be conducted into issues raised regarding relocation payments, including mine. That review will take some time." In light of ...

ASIC chair steps aside pending pay review

JAMIE WILLIAMSON, KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
ASIC chair James Shipton has stepped aside pending the outcome of a review into his remuneration arrangements. Tabling the 2019/20 ASIC annual report today and addressing the Senate Estimates committee, Shipton flagged certain relocation expenses incurred ...

AustralianSuper ratings slide at Morningstar

KANIKA SOOD  |  FRIDAY, 23 OCT 2020
... billion balanced option, $13.5 billion high growth option and $7 billion stable option moved to bronze is an October 21 review by Morningstar director Tim Wong. Interestingly, the biggest of the lot, the balanced option is the best-performer in its category ...

ASIC to curb huge CFD losses

KARREN VERGARA  |  FRIDAY, 23 OCT 2020
The corporate regulator is stepping in to prevent retail investors losing millions of dollars from trading highly risky contract for difference (CFDs) instruments. ASIC has imposed a product intervention order on the issue and distribution of CFDs effective ...

Legacy AMP Life policyholders take premium hit

ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
... policies recently. Customers in a legacy product from the life insurer were notified by letter or email that following a review of premiums, they would be paying more from December 18. One customer's premiums on an income protection policy increased ...

NAB adds to wealth client remediation

ANNABELLE DICKSON  |  FRIDAY, 23 OCT 2020
... banking-related matters, $90 million for payroll remediation and $94 million for impairment of property assets. Following a review, NAB identified errors dating back to 2012 in its payroll to former and current employees. It expects the costs to execute ...

Bumpy quarter for AMP

KARREN VERGARA  |  THURSDAY, 22 OCT 2020
... to mitigate legacy issues including the client remediation program which is on track to finalise in 2021. "Our portfolio review, announced in this quarter, is progressing in parallel and being managed without delay to our transformation," he said. An ...

Bendigo and Adelaide Bank overstates liquidity

ANNABELLE DICKSON  |  THURSDAY, 22 OCT 2020
The Australian Prudential Regulation Authority (APRA) has imposed an independent review into Bendigo and Adelaide Bank's liquidity after it failed to comply with liquidity standards. Bendigo and Adelaide Bank informed APRA last month of breaches to ...