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Showing 11 - 17 of 17 results for "Financial Advice inquiry"

NAB upgrades advice compensation program

LAURA MILLAN  |  THURSDAY, 21 MAY 2015
... recently by the Senate Economics Committee during a public hearing in Canberra as part of the Scrutiny of Financial Advice inquiry. Committee chair and Labor Senator Sam Dastyari told NAB chief executive: "Mr Thorburn, you throw around the word 'independent'. ...

Advice industry faces insurance quandary

ALEX BURKE  |  MONDAY, 4 MAY 2015
... statutory financial advice victim insurance scheme at the Senate Economics References Committee's Scrutiny of Financial Advice inquiry on April 21. The potentially $50 million scheme would be self-funded by the industry and was described by Dastyari ...

CBA advisers ran from ASIC

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
... regulator began its investigation. Speaking at the Senate Economics References Committee's Scrutiny of Financial Advice inquiry, he said that "People who know they have done wrong, once the investigation starts, run away and you don't get a chance to ...

NAB to take "leading role" in advice remediation

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
During the Senate Economics References Committee's Scrutiny of Financial Advice inquiry, NAB chief executive Andrew Thorburn said the bank was prepared to take a "leading role" in addressing the compensation gap for victims of poor financial advice. ...

Sacked Macquarie advisers still in the industry

LAURA MILLAN  |  TUESDAY, 21 APR 2015
... executive Nicholas Moore said. Speaking at a Senate Economics Committee public hearing within the Scrutiny of Financial Advice inquiry, Moore said: "We don't keep track of people [who leave MPW], but anecdotally I know that some of them are still in ...

Industry should help fund ASIC: ANZ

LAURA MILLAN  |  TUESDAY, 21 APR 2015
... chief executive officer Graham Hodges told a Senate Economics Committee hearing within the Scrutiny of Financial Advice inquiry that "the industry must take responsibility for its actions." The regulator "will never have sufficient resources to fully ...

CBA appoints litigators as customer advocates

LAURA MILLAN  |  MONDAY, 3 NOV 2014
... chairman David Turner and chief executive Ian Narev have been asked to appear in front of the Scrutiny of Financial Advice inquiry, conducted by the Senate Economics Committee. In an interview on ABC Radio, the Committee's chair Sam Dastyari was asked ...
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