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Showing 261 - 270 of 482 results for "Remediation"

ANZ profits hit by remediation, low rates

ELIZA BAVIN  |  THURSDAY, 31 OCT 2019
... compared to last year, with the bank blaming record low interest rates, increased regulation and a rise in customer remediation costs. ANZ chief executive Shayne Elliott said: "This has been a challenging year of slow economic growth, increased competition ...

Woolworths admits to underpaying staff $300m

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2019
... all relevant award requirements have been met for salaried team members. The group expects the one-off impact for remediation to be in the range of $200-$300 million before tax. Woolworths Group chief executive Brad Banducci said: "As a business we pride ...

Westpac takes $1 billion profit hit

ELIZA BAVIN  |  THURSDAY, 24 OCT 2019
Westpac's customer compensation bill has added $341 million in the second half of 2019, bringing the remediation total to $958 million for the year. Westpac chief executive Brian Hartzer said: ""A key priority in 2019 has been to deal with outstanding ...

QMV kicks off legal practice, appoints lead

KANIKA SOOD  |  TUESDAY, 8 OCT 2019
... partner. The consultancy firm currently works with about 25 superannuation clients. Recent work has been focused on data remediation arising out of the Royal Commission and management consulting, according to QMV managing partner Mark Vaughan. It now ...

ANZ remediation costs break $1 billion

ELIZA BAVIN  |  TUESDAY, 8 OCT 2019
... following reviews of Australian retail and commercial products. Another $154 million is associated with the banks advice remediation program and customer compensation charges for wealth products. The bank said that the charges relate to historical and ...

NAB hit with extra billion in remediation

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 OCT 2019
National Australia Bank announced an additional $1.18 billion in remediation expenses, mostly relating to financial advice. Combined with previously announced remediation costs, NAB is now facing a total remediation bill of $2.09 billion. The unforeseen ...

Licensee faces hefty remediation bill

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 SEP 2019
Australian financial services license holder ClearView Financial Advice has been hit with a remediation bill for $730,000. ClearView's review and remediation program for over 200 clients who received poor life insurance advice resulted in the figure. ...

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 ...