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Showing 301 - 310 of 475 results for "remediation"

IOOF appoints head of advice governance

HARRISON WORLEY | FRIDAY, 5 APR 2019

A director of Westpac's advice remediation program has been appointed to lead advice governance at IOOF. David Flynn is set to link with the wealth manager later this month as its new head of advice governance, replacing Adrian Kwa who is set to ...

NAB needs 500 staff for remediation

ELIZABETH MCARTHUR | FRIDAY, 29 MAR 2019

... Chronican replied he was not aware of the "individual issues at ANZ". When asked by the committee what the quantum of remediation payments have been made in the past couple of years by NAB, chief financial officer Gary Lennon answered: "That's in the ...

TAL to add remediation head

HARRISON WORLEY | TUESDAY, 26 MAR 2019

TAL is recruiting for a new position that will lead remediation efforts. The diversified financial services firm is hiring a head of operational resilience and remediation, to "lead remediation and rectification activities." TAL general manager customer ...

Remediation to hit Westpac earnings

HARRISON WORLEY | MONDAY, 25 MAR 2019

Westpac's cash earnings in the first half of the year will be hit by $260 million in remediation payments. The bank today confirmed the amount could still rise, with the $260 million provision not yet inclusive of any allowance for refunds to customers ...

AMP scraps bonuses

ELIZABETH MCARTHUR | WEDNESDAY, 20 MAR 2019

... misconduct." AMP suffered a 97% drop in full year profit following the Royal Commission, setting aside millions for customer remediation. Murray included a vote of confidence for AMP's new chief executive within the report, saying: "I am confident with ...

Westpac exits personal advice, restructures leadership

JAMIE WILLIAMSON | TUESDAY, 19 MAR 2019

... smooth transition for customers and staff." Westpac said the changes are expected to be EPS positive, excluding any remediation costs. Initial estimates include one-off costs of between $250-$300 million. Proceeds from the sale will depend on the size ...

NAB agrees to RC wealth recommendations

HARRISON WORLEY | FRIDAY, 15 MAR 2019

... said it already has specific accountable persons responsible for those steps with respect to its products and any remediation that arises from them. The bank also disagrees with Hayne's recommendation that the ABA amend its definition of small business ...

Commonwealth Bank delays wealth demerger

JAMIE WILLIAMSON | THURSDAY, 14 MAR 2019

... this work, while a further $200 million has been set aside as an indemnity provision for wealth management-related remediation. This includes ongoing service fees charged by aligned advisers, the group said. "We are working to complete this work quickly ...

Banks, ASIC still at war over fees-for-no-service

HARRISON WORLEY | TUESDAY, 12 MAR 2019

... between the corporate regulator and the advice licensees of the institutions, who stand before a potential advice remediation bill of $1.15 billion. According to ASIC's report card, CBA and the regulator have vastly differing views on a number of issues ...

ASIC scolds banks over fee-for-no-service delays

HARRISON WORLEY | MONDAY, 11 MAR 2019

... Press said ASIC welcomed recent Government commitments to hand the corporate regulator new powers to speed up future remediation programs. "These reviews have been unreasonably delayed. ASIC acknowledges that they are large scale reviews - they relate ...

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Federal Court calls out ASIC for re-running case on appeal

RIDDHIMA TALWANI

The Full Federal Court of Australia has criticised regulators for falling back on appeals to re-litigate cases on a different legal basis than the one run at trial.

Evergreen founder exits Ascalon Capital

KARREN VERGARA

Ascalon Capital has bid farewell to Evergreen Consultants' founder Angela Ashton, shortly after acquiring the consulting firm last year.

Powerhouse Ventures partners with European fund manager

KARREN VERGARA

ASX-listed Powerhouse Ventures has partnered with an unnamed European fund manager that will commit US$50 million to its fledgling Critical Infrastructure Opportunities (CIO) Fund.

KeyInvest unveils new investment platform, awards mandate

MATTHEW WAI

KeyInvest has launched a new investment platform to include a plethora of investment strategies ranging from private credit to global equities.

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