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Showing 191 - 200 of 473 results for "remediation"

MLC Wealth general manager jumps to Ashurst

ELIZABETH MCARTHUR  |  TUESDAY, 13 OCT 2020
The former general manager of regulatory change and remediation at MLC Wealth has moved to law firm Ashurst. Chris Baker spent more than 12 years with National Australia Bank and MLC in various leadership roles and was general manager, regulatory change ...

ANZ fined $10m

ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
... fees and continued to charge them to the affected customers until September 2015. ANZ admitted that by not making remediation payments it had engaged in unconscionable conduct on two occasions, breached its general obligation to comply with financial ...

BOQ expects to back pay $11m in SG

KARREN VERGARA  |  WEDNESDAY, 30 SEP 2020
... and the Financial Services Union of the errors, and engaged external third parties to assist with the analysis and remediation process. The FSU raised concerns with the bank about unpaid superannuation 18 months ago. While that issue was resolved, the ...

VFMC adds to leadership team

JAMIE WILLIAMSON  |  THURSDAY, 24 SEP 2020
... investment management, and joins from Latitude Financial where she served as general manager, transformation, conduct and remediation for the past seven months. Prior to that, she worked at ANZ, leading the ANZ Group Services business and the group's ...

State Street cops $1.25m fine from AUSTRAC

KANIKA SOOD  |  WEDNESDAY, 16 SEP 2020
... have reviewed our IFTI reporting systems and controls and have worked with an independent consultant to develop a remediation plan to address the issue," It also said there was no business or financial impact to its clients. In the past, AUSTRAC has ...

Investors welcome Rio resignations

ELIZA BAVIN  |  FRIDAY, 11 SEP 2020
... systemic failures that led to the disaster at Juukan Gorge." "Rio Tinto now has the opportunity to address the necessary remediation, cultural heritage and risk processes with fresh eyes." Davidson called on Rio Tinto to prioritise working with traditional ...

Industry fund underpaid SG to staff

KANIKA SOOD  |  TUESDAY, 1 SEP 2020
... month received letters signed by its head of people and culture Sandy Rimagmos, alerting them of the SG shortfall remediation to their accounts, with a 10% p.a. interest on net shortfall as stipulated by the ATO. According to the letter, ACSRF enlisted ...

IOOF buys MLC Wealth for $1.4bn

ELIZA BAVIN  |  MONDAY, 31 AUG 2020
... subordinated loan note issues to NAB and $40 million of existing IOOF cash. IOOF confirmed it will not assume conduct or remediation liability for the MLC business. NAB chief executive Ross McEwan said the bank had a clear plan and the sale of MLC enables ...

APRA issues new licence conditions on NULIS

ELIZABETH MCARTHUR  |  THURSDAY, 27 AUG 2020
... supervision of NULIS, corroborated in an independent report by Deloitte. NULIS will be required to undertake timely remediation by implementing improvements in its governance and control environment and appointing an independent expert to report on compliance ...

Advice remediation tops $1bn

ELIZABETH MCARTHUR  |  MONDAY, 24 AUG 2020
AMP, ANZ, Commonwealth Bank, Macquarie, National Australia Bank and Westpac have paid or offered a total of $1.05 billion in compensation to customers as a result of fee for no service, misconduct and non-compliance advice, according to ASIC. ASIC said ...