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Showing 261 - 270 of 475 results for "Remediation"

ASIC super specialist jumps to law firm

KANIKA SOOD  |  TUESDAY, 10 SEP 2019
... superannuation and financial planning, with the scale and depth to advise on transactions, regulatory interactions, remediation programs and everything in between."

Suncorp pays $1.4m remediation bill

JAMIE WILLIAMSON  |  TUESDAY, 3 SEP 2019
... remediated more than 4000 Guardian Advice clients for poor financial advice. ASIC today confirmed Suncorp has completed the remediation program for more than 4000 GuardianFP clients, paying out a total of $1.431 million. Suncorp undertook the program ...

YBR to remediate wealth clients

KARREN VERGARA  |  FRIDAY, 30 AUG 2019
... for instances where it is established that a breach of the Corporations Act has occurred and where the appropriate remediation action may require financial compensation," latest statutory accounts read. Overall, YBR made a net loss after tax of $37.39 ...

Dividend payouts stagnate

KARREN VERGARA  |  MONDAY, 26 AUG 2019
... announced in the first half of 2020 as a result of ultra-low rates putting pressure on earnings, subdued revenue, remediation and credit charges bouncing off lows, UBS said in a banking sector note. Further, UBS forecasted an ongoing trend of regulators ...

KPMG names financial services head

HARRISON WORLEY  |  MONDAY, 26 AUG 2019
... said his role would see him ensure the firm met the changing needs of its clients, drawing on its recent launch of a remediation centre to help clients deal with increased redress costs following the Royal Commission. "As a firm we recognise that our ...

IOOF advice remediation hits $235m

KARREN VERGARA  |  MONDAY, 26 AUG 2019
... fees for no service rendered. The ASX-listed firm's June 2019 financial results were overshadowed by its client remediation bill that is expected to hit $392 million (includes other related costs). This is further split into former ANZ aligned dealer ...

APRA opens margin requirement talks

HARRISON WORLEY  |  THURSDAY, 15 AUG 2019
... applied to an institution outside the big four banks since the CBA prudential inquiry - would remain in place until its remediation work was complete and identified gaps were closed.

APRA hits Allianz over risk

HARRISON WORLEY  |  WEDNESDAY, 14 AUG 2019
... million capital requirement by the prudential regulator following its risk governance self-assessment, which revealed remediation work was underway to strengthen its risk management and close gaps in its governance. The additional capital requirement ...

CBA remediation bill drags performance

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
Commonwealth Bank's overall remediation and compliance costs have hit $2.2 billion, dragging its full-year June 2019 results. A large chunk ($806m) of the bank's customer remediation bill will go towards implementing regulatory and compliance ...

Financial Wisdom to shut down

JAMIE WILLIAMSON  |  WEDNESDAY, 7 AUG 2019
... internal project costs, is approximately $26 million," Commonwealth Bank said. Its results show that in FY19, excluding remediation provisions, Financial Wisdom and CFP Pathways incurred a post-tax loss of about $11 million. Remediation for customers ...