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Showing 241 - 250 of 475 results for "Remediation"

ANZ overcharges 3.4 million customers

ALLY SELBY  |  THURSDAY, 19 DEC 2019
... more regulatory attention and heightened community expectations following the Royal Commission as well as increased remediation costs." He assured shareholders that ANZ was well placed to meet industry challenges of the future. "We have strengthened ...

AMP cuts ongoing advice agreements

ELIZABETH MCARTHUR  |  FRIDAY, 6 DEC 2019
... administered on AMP's platform for advisers. AMP confirmed in late November an additional $415 million of advice remediation costs as a result of evidence produced at the Royal Commission. That takes AMP's total remediation bill for financial ...

ACSI, AFIC respond to Westpac scandal

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
... investigation was not initiated earlier." She added that ACSI will be closely monitoring Westpac and its progress on remediation and improvement. "Investors want to see Westpac's culture and governance strengthened to avoid a repeat of these issues." ...

Life risk insurance not profitable: KPMG

HARRISON WORLEY  |  FRIDAY, 22 NOV 2019
... managing these complex challenges - insurers need to ensure a tactical response to regulation does not result in more remediation issues." However, Kells urged onlookers to remember the underlying premise of life insurance is "still very much alive and ...

NAB accused of greenwashing

ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
... environmental sustainability measures but on social and governance issues including its whistleblower policy and customer remediation program.

APRA to take transparent approach

HARRISON WORLEY  |  TUESDAY, 19 NOV 2019
... address weaknesses in these areas can cause major financial losses through reputational damage, fines and expensive remediation programs," Lonsdale said. "Remediation costs relating to issues identified in the Royal Commission have cost industry in excess ...

Total Financial Solutions to shutter next year

ELIZA BAVIN  |  TUESDAY, 19 NOV 2019
... that at present TFS have no known outstanding regulatory matters, but did flag that there is currently one client remediation matter under investigation but said it is unlikely this will result in compensation being paid.

Remediation bill tops $10b: ASIC

ELIZA BAVIN  |  MONDAY, 18 NOV 2019
ASIC said its current tally for remediation provisioning is now "well above" $10 billion, but only $660 million has been returned to 1.2 million consumers. Speaking at the FINSIA: The Regulators 2019 conference, ASIC deputy chair Karen Chester said ...

CBA wealth boss to exit

KANIKA SOOD  |  WEDNESDAY, 13 NOV 2019
... January 2020 after just over 12 months in the role. To date, Yetton oversaw the divestment of Count Financial and remediation for wealth clients, and CBA said it is on track to divest aligned advice businesses by June 2020. The bank has not announced ...

Westpac chief believes in financial advice

ELIZA BAVIN  |  MONDAY, 11 NOV 2019
... refunded around 60% of known issues that arose following the Royal Commission and warned that there may be further remediation costs to come. Commonwealth Bank chief executive Matt Comyn also fronted the committee and said he believes non-bank entities ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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