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Showing 251 - 260 of 482 results for "remediation"

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 ...

NAB remediation team swells, no executive bonuses

ELIZABETH MCARTHUR  |  THURSDAY, 7 NOV 2019
National Australia Bank's 2019 full year results include the revelation that its customer remediation team has ballooned to 950 people. NAB chief executive Philip Chronican said in a statement that the team of 950 dedicated to remediating customers ...

Wealth income halved, Hartzer skips $1.6m bonus

HARRISON WORLEY  |  MONDAY, 4 NOV 2019
... was disappointing and reflects both the "challenging, low-growth, low interest rate environment", and the impacts of remediation and the restructure of its wealth business, which combined made a $1.1 billion dent in cash earnings. "Excluding these notable ...

RI Advice faces ASIC action

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2019
... suspended. When Whereat fronted the commission, RI Advice had not yet completed the review of Doyle's client files and remediation. It had been assigned as a low priority task, the case study reads. Whereat is now the general manager of advice at ...