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Showing 11 - 20 of 60 results for "Parliamentary Inquiry"

NAB still unclear on true impact of misconduct

KANIKA SOOD  |  FRIDAY, 19 OCT 2018
... Andrew Thorburn failed to give an exact number of clients hit by the bank's misconduct as he fronted the parliamentary inquiry into major banks in Canberra this morning. Thorburn said he expects the total number of customers impacted to be "hundreds ...

ANZ chief says remediation is "distracting"

KARREN VERGARA  |  FRIDAY, 12 OCT 2018
ANZ chief executive Shayne Elliott has admitted to a parliamentary inquiry that the bank saw its remediation programs as a "distraction" and at one point took up to 15 years to compensate some customers. This morning, Elliott told the House of Representatives ...

To opt in or out of life insurance: Spot poll

KARREN VERGARA  |  TUESDAY, 3 OCT 2017
... feedback from members stating group insurance premiums were eroding account balances. The recent life insurance parliamentary inquiry found group insurers were not doing enough to prevent the growing problem of employees owning multiple super funds and ...

Group insurance inaction is "robbery": Inquiry

KARREN VERGARA  |  FRIDAY, 8 SEP 2017
... superannuation funds and life insurance premiums is equivalent to theft, according to today's life insurance parliamentary inquiry. Senate Parliamentary Joint Committee on Corporations and Financial Services chair Steve Irons said the responsibility ...

Banks narrowly avoid parliamentary inquiry

EMMA RAPAPORT  |  FRIDAY, 16 JUN 2017
... comments branding Christensen as a "lion in Mackay and a mouse in Canberra." The Bill, which proposed a parliamentary inquiry to examine banking practices including executive pay, will remain in Parliament and Labor, the Greens and others have vowed ...

We have made mistakes: CBA

KARREN VERGARA  |  TUESDAY, 7 MAR 2017
Commonwealth Bank of Australia's chief executive Ian Narev told a parliamentary inquiry this morning the bank made mistakes and still has a lot of work to do. On day two of the major banks review, Narev fronted the House of Representative's Standing ...

Confusion reigns in super and life insurance: CHOICE

EMMA RAPAPORT  |  MONDAY, 27 FEB 2017
... confusing superannuation products according to consumer advocacy group CHOICE. In their submission to the Parliamentary Inquiry into the Life Insurance Industry in Sydney and Melbourne, CHOICE told the panel that consumers could retire with an extra ...

Insurance in super must be maintained: AIA

JAMIE WILLIAMSON  |  WEDNESDAY, 21 DEC 2016
... says communicating the importance and value of life insurance is vital for all Australians and the latest parliamentary inquiry is another opportunity to do so. Reaffirming its support for life insurance within superannuation, AIA said life insurance ...

Whistleblower protections under microscope

DARREN SNYDER  |  TUESDAY, 20 DEC 2016
... will review Australia's tax and corporate whistleblower protections. The review is running parallel to a parliamentary inquiry on the whistleblower protections in the corporate, public and not-for-profit sectors. O'Dwyer said the review supports a 2016-17 ...

Life insurance legacy faces more scrutiny

DARREN SNYDER  |  THURSDAY, 1 DEC 2016
... industry with poor consumer outcomes and operational complexities. APRA member Geoff Summerhayes told a parliamentary inquiry on the life insurance industry that insurers have not invested enough in "systems and processes capable of fairly and accurately ...