Search Results | Showing 11 - 20 of 32 results for "Compensation Program" |
| | | ... million cost to reimburse 8500 clients. This bill has swollen to $46.8 million as at February 2018 but the compensation program is nearing completion, ASIC said. ASIC, today, also ordered the bank to pay $3 million to not-for-profit community organisations ... |
| | | | ... it confirms the licensees correctly identified that customers of the five advisers should be included in a compensation program. The current round of compensation is in addition to $4.97 million offered to customers from other advisers reported in KordaMentha's ... |
| | | | AMP and the big four banks refunded customers $215.9 million for charging ongoing advice fees that failed to provide actual general or personal advice. ASIC said this was in addition to the fees-for-no-service compensation figures identified in Report ... |
| | | | AMP, ANZ, CBA, NAB and Westpac have to-date repaid $60 million out of an estimated $204 million for charging clients for financial advice that was not provided. This news follows the October 2016 release of ASIC's report into the advice businesses of ... |
| | | | ... Commonwealth Financial Planning (CFPL) and Financial Wisdom (FWL) are to be reviewed for potential inclusion in a compensation program. This is the key finding in KordaMentha Forensic's second report on past activities by the two Commonwealth Bank (CBA) ... |
| | | | The compensation program set up by Commonwealth Bank (CBA) to compensate victims of bad advice has reviewed over 8,800 cases and compensated only 19 clients. In total, the bank has offered $950,252 in compensation, but paid $488,815 as of 31 August ... |
| | | | ASIC's actions against the financial services industry have decreased by 10% in the first half of 2015, from 90 in the previous six months to 81. Referencing the compensation programs underway at Macquarie and CBA, ASIC noted in its half-yearly enforcement ... |
| | | | ... undertaking (EU) with Macquarie Private Wealth (MPW) in place since January 2013. At the time, Macquarie's compensation program was considered the most comprehensive within the industry because it went back to March 2, 2004, when MPW obtained its Australian ... |
| | | | National Australia Bank (NAB) has upgraded the compensation program for victims of bad advice with the appointment of a consumer advocate. University of NSW professor of Law Dimity Kingsford Smith will act as a consumer advocate within NAB Wealth's ... |
| | | | ... started in 2014. Specifically, it looks at Project Hartnett, which the bank put in place in 2008, and at the Compensation Program that started under the Australian Securities and Investments Commission (ASIC) enforceable undertaking to Commonwealth Financial ... |
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