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Showing 191 - 200 of 480 results for "Australian Bank"

Banks flag adviser transparency in customer program

ALEX BURKE  |  MONDAY, 30 JAN 2017
Led by the Australian Bankers' Association, Australia's largest banks are launching new initiatives aimed at improving customer satisfaction. The Better Banking program consists of three key steps. These are a renewed commitment to support customers ...

Product conflicts in retail banking: ABA report

ALEX BURKE  |  THURSDAY, 19 JAN 2017
A report commissioned by the Australian Bankers' Association highlights potential conflicts in product sales commissions and product-based payments used for retail banking staff, echoing the concerns that led to the Future of Financial Advice reforms. ...

FSC speaks out against elder financial abuse

JAMIE WILLIAMSON  |  TUESDAY, 3 JAN 2017
The Financial Services Council affirmed its support of the Australian Law Reform Commission's proposed amendments to help combat elder abuse. The FSC commended the commission's development of a national plan to address elder abuse, particularly a reform ...

Top 10 financial planning stories in 2016

STAFF WRITER  |  TUESDAY, 20 DEC 2016
1. No bachelor's degree for existing advisers In April the Federal Government announced existing advisers will not be required to complete a bachelor's degree and will be given a longer time frame to meet new education standards. Government Minister ...

ANZ and Macquarie fined for cartel conduct

DARREN SNYDER  |  THURSDAY, 15 DEC 2016
The Federal Court granted ANZ and Macquarie's wishes to pay fines totaling $15 million for attempted cartel conduct in 2011. As suggested to the court, ANZ will pay $9 million - admitting it engaged in 10 instances of attempted cartel conduct in contravention ...

Ombudsman takes on ANZ fairness role

JAMIE WILLIAMSON  |  THURSDAY, 15 DEC 2016
A Commonwealth Ombudsman is entering a newly created role at ANZ in the New Year. Joining as customer fairness advisor, Colin Neave will be charged with improving fairness of the bank's products and services for retail, small business and wealth customers ...

False information undermining ASIC integrity

KERRIE SYDEE  |  THURSDAY, 8 DEC 2016
... was in liquidation. Another nominated responsible manager for a credit licence claimed to have worked at a large Australian bank when that person had never been employed by that bank. The report also showed that in 2015-16 ASIC had failed to meet its ...

JCB fund added to Macquarie Wrap

JAMIE WILLIAMSON  |  WEDNESDAY, 30 NOV 2016
... asset allocators. These can include corporate credit, bank hybrids, negatively geared property, term deposits and Australian bank shares," King said. "When looking for liquidity, security and diversification without credit or equity like exposures, JCB's ...

Bank inquiry recommends breaking big four oligopoly

ALEX BURKE  |  FRIDAY, 25 NOV 2016
The House of Representatives Standing Committee on Economics' first report in its review of the four major banks has recommended breaking the big four's "oligopoly" and introducing competition into the sector. The report said this could be achieved ...

NAB reduces fossil fuel exposure

ALEX BURKE  |  MONDAY, 14 NOV 2016
... report said. Analysing the report, Market Forces executive director Julien Vincent noted that NAB is the only Australian bank to explicitly acknowledge the necessity of reducing coal burning in order to stay below that threshold. "NAB is the only bank ...