Search Results | Showing 11 - 20 of 32 results for "Open Advice Review" |
| | | ... bank has responded to the problems within its advice business, paying out $52 million so far as part of the Open Advice Review Program. "Under Annabel [Spring]'s leadership and Marianne [Perkovic]'s leadership over three years we have spent tens of millions ... |
| | | | The Commonwealth Bank (CBA) Open Advice Review program has paid $79,702 to five clients who received bad advice from the bank's financial planners, while most clients are still reviewing the compensation proposal. Independent expert for the compensation ... |
| | | | ... them up to $5,000 to review the advice they received. The report looks at compensation schemes prior to the Open Advice Review program that started in 2014. Specifically, it looks at Project Hartnett, which the bank put in place in 2008, and at the Compensation ... |
| | | | ... "fundamental duty to do the right thing by customers" during the hearing, pointing to the company's independent Open Advice Review program. He did concede, however, that the compensation process had taken longer than customers might have hoped, saying ... |
| | | | ... Commonwealth Bank's recent advice scandal. He argued that NAB's situation is "distinct" from CBA's, and that an open advice review similar to the one CBA is undertaking is unnecessary. "We will do some form of look-back process that we will agree on ... |
| | | | ... CBA in August, and has confirmed that it will release the second on May 2015. "The different nature of the [Open Advice Review] OAR program relative to previous remediation programs has raised challenges for CBA," the report said. Challenges include ... |
| | | | ... with a shattering and highly critical report that included 61 recommendations. Since then, CBA has started the Open Advice Review program to review the advice of all of its advice clients from 2003 to 2012. The bank has so far appointed a number of independent ... |
| | | | ... financial adviser), with fees up to $5,000 being met by CBA. They will also be eligible to participate in the Open Advice Review program. |
| | | | ... advisers and managers, improved document management and changes to the remuneration structure. Regarding the Open Advice Review program, which aims to compensate victims of the bank's rogue financial advisers, he said that it demonstrates "our commitment ... |
| | | | Commonwealth Bank (CBA) has appointed three law firms as independent customer advocates for its Open Advice Review compensation program. Maurice Blackburn, Shine Lawyers and Slater and Gordon have been appointed to support individual customers through ... |
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