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Showing 311 - 320 of 722 results for "Misconduct"

Count Financial faces class action

ANNABELLE DICKSON  |  FRIDAY, 4 SEP 2020
... financial advisers from 21 August 2014 to 21 August 2020. The class action has come off the back of Count Financial's misconduct revealed in the Royal Commission and alleges it contravened obligations owed to clients when taking commissions from ...

Banks to be questioned on COVID-19 response

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... hearings will examine the four major banks' progress in implementing the recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. "The committee will scrutinise the banks on how they are ...

AMP reviews business units

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... Australia chief executive Alex Wade also departed suddenly, which the AFR later reported was in response to allegations of misconduct, including sending explicit photos to female staff.

QBE chief exits after workplace complaint

ALLY SELBY  |  TUESDAY, 1 SEP 2020
... London. He has also worked with GE Capital in the United States. It comes as allegations of sexual assault and workplace misconduct circle another large Australian financial institution; AMP, with Financial Standard reporting just yesterday that Maurice ...

ASIC names operations, risk leads

KARREN VERGARA  |  MONDAY, 31 AUG 2020
... recommendations. In the financial advice sector, ASIC will continue to identify unlicensed advice and take "swift action," against misconduct. "A new ASIC-wide working group will undertake this work," the report read. ASIC warned superannuation funds ...

Advice remediation tops $1bn

ELIZABETH MCARTHUR  |  MONDAY, 24 AUG 2020
... Westpac have paid or offered a total of $1.05 billion in compensation to customers as a result of fee for no service, misconduct and non-compliance advice, according to ASIC. ASIC said the $1.05 billion figure had been reached at 30 June 2020. The payments ...

AMP, BT and CBA to face class action

ELIZABETH MCARTHUR  |  FRIDAY, 31 JUL 2020
... number of people affected by these premium rorts shows we're not just talking about a few bad apples here but a systemic misconduct in the industry." Anyone who holds or previously held AMP Flexible Lifetime policies provided through AMPFP, Hillross ...

Chief economist update: Haste makes Budget waste

BENJAMIN ONG  |  TUESDAY, 21 JUL 2020
Would Australia be experiencing a second wave - and therefore, a reimposition of lockdown restrictions - had it not rushed to reopen and followed its original prescription for a six-month lockdown? Not only that, in the haste to reopen, the Victorian ...

Financial institution charged over Epstein scandal

ELIZA BAVIN  |  THURSDAY, 9 JUL 2020
... ample information that was publicly available concerning the circumstances surrounding Epstein's earlier criminal misconduct. "The result was that the bank processed hundreds of transactions totaling millions of dollars that, at the very least, should ...

ANZ accused of paying hush money on BBSW scandal

ELIZABETH MCARTHUR  |  FRIDAY, 3 JUL 2020
... withdrawing that claim was "an unscrupulous and unwarranted media assault on his reputation and character." He claims ANZ's misconduct went beyond the matters to which the bank had confessed at the time of the $50 million fine, and even says the fine ...