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Showing 361 - 370 of 937 results for "Compensation"

FSC calls for CSLR claims cap

ALLY SELBY  |  FRIDAY, 14 FEB 2020
The Financial Services Council (FSC) has called for the government to cap compensation claims over financial misconduct at "reasonable levels" so as not to create a "moral hazard". In a submission to the Treasury's Compensation Scheme of Last Resort ...

Compensation bill hits $750m

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... Australia's largest banking and financial services institutions have so far paid, or offered, a total of $749.7 million in compensation to customers, according to new data released by ASIC. The regulator said AMP, ANZ, CBA, Macquarie, NAB and Westpac ...

Separate advice and product: AIOFP

ELIZABETH MCARTHUR  |  FRIDAY, 7 FEB 2020
... Independently Owned Financial Professionals wants product failures and financial losses from those failures factored into the Compensation Scheme of Last Resort. The AIOFP said it agrees with the "general thrust" of the Compensation Scheme of Last Resort ...

Retirement income review must focus on women: KPMG

HARRISON WORLEY  |  WEDNESDAY, 5 FEB 2020
... $450 superannuation guarantee threshold, requiring SG to be paid on Commonwealth Paid Parental Leave and workers compensation payments, and changing the Commonwealth's contributions to top-up payments instead of co-contributions into the super accounts ...

AMP urged to mediate with advisers

ELIZA BAVIN  |  FRIDAY, 31 JAN 2020
... that may include the conduct of lookback audits, financial planning licensors shifting responsibility for client compensation payments to licencees, short notice periods provided to licencees exiting the business and restraint of trade provisions," Carnell ...

Former Wells Fargo chief banned for life

ALLY SELBY  |  FRIDAY, 24 JAN 2020
... company is appropriate with respect to any of the named individuals," he said. "Wells Fargo will not make any remaining compensation payments that may be owed to these individuals while we review the filings." Scharf accepted the OCC's new charges. "The ...

Why women struggle in financial advice

ELIZABETH MCARTHUR  |  THURSDAY, 16 JAN 2020
... well as strategies for overcoming them. The removal of conflicted remuneration in Australia and an option for fixed compensation was highlighted as something that could increase women's participation in the industry. Wealthwise senior financial adviser ...

Latitude Financial joins banks on AFCA complaints list

ALLY SELBY  |  MONDAY, 13 JAN 2020
... received 2902 complaints. Incredibly, AFCA was able to assist consumers and small businesses to obtain $185 million in compensation in its first year of operation.

Radio host adviser revealed as alleged fraudster

ELIZABETH MCARTHUR  |  FRIDAY, 20 DEC 2019
... heard of him. The complaint which led to Springer being charged alleges that he received millions in undisclosed compensation and benefits for recommending certain investment products - without disclosing any conflicts of interest. Springer is alleged ...

Concerns over cancelled ASFL complaints

ELIZA BAVIN  |  THURSDAY, 19 DEC 2019
... cover had exclusions that made it inadequate for the licensee's business and any liabilities arising from potential compensation claims.