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Showing 331 - 340 of 482 results for "Remediation"

Advice jobs are coming: Recruiter

KANIKA SOOD  |  MONDAY, 21 JAN 2019
... Paraplanners can also look forward to salary raises and more opportunities, as companies rush to fill in compliance and remediation roles created as a result of the Royal Commission. "Another major trend this half will be the continued movement of technically ...

AFSL to begin independent review

DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
... ASIC's enquiries, Kaz engaged an external consultant to review its compliance framework and provide recommendations for remediation," the regulator said. "Kaz has advised ASIC that these recommendations have been implemented." The independent expert ...

Regulators in Productivity Commission firing line

HARRISON WORLEY  |  THURSDAY, 10 JAN 2019
... benchmark portfolio tailored to their asset allocation. Funds should be required to undertake a 12 month period of remediation if an option falls beneath the benchmark portfolio by more than 0.5 percentage points a year, on average over a rolling eight-year ...

Shareholders put NAB board in the hot seat

KARREN VERGARA  |  WEDNESDAY, 19 DEC 2018
... plan service fees, and the issue affecting more than 304,000 customers has been closed. "We have also agreed on a remediation methodology with ASIC that will see NAB Financial Planning refund adviser service fees to those customers who didn't get ...

CBA stashes cash for compliance

DARREN SNYDER  |  WEDNESDAY, 12 DEC 2018
... Commonwealth Bank will put aside an additional $350 million in 2019 to cover larger than expected costs for compliance and remediation programs as well as its separation from CommInsure Life. In an update to the ASX on Tuesday evening, CBA said its financial ...

Freedom ditches life insurance sales

KARREN VERGARA  |  THURSDAY, 6 DEC 2018
... investigation into its past misconduct highlighted by the financial services Royal Commission. The size and scope of the remediation will be reviewed by an independent expert, Freedom said, adding a provision of up to $4 million has been made. Freedom ...

APRA grilled over superannuation

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... all too common in financial institutions." Byres said APRA would have discussed it with NAB and satisfied itself the remediation was progressing - but there was no written record of it. What was found in an independent audit of APRA's superannuation ...

Miscalculations delay remediation, more issues emerge: AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 28 NOV 2018
... to corporate super clients. Fronting the commission yesterday, Wilkins said in February 2018 AMP's review and remediation committee endorsed a baseline approach to mediation for both fee-for-no-service and inappropriate advice which was initially ...

ANZ lambasted for breach reporting delays

KARREN VERGARA  |  WEDNESDAY, 28 NOV 2018
... mistakes or errors, and certainly from a systemic nature," he said. Orr then grilled Elliott on why the bank saw customer remediation as a "distraction" - a term he recently used to describe to compensate customers 15 years in the making. Elliott responded ...

Should banks fund customer litigation?

HARRISON WORLEY  |  TUESDAY, 27 NOV 2018
... Rowena Orr and Commissioner Kenneth Hayne. On the subject of whether NAB should have negotiated with ASIC over the remediation of customers, Henry said NAB's board did not find it acceptable. "I think our habit - and it is a habit - of going to ASIC ...