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Showing 391 - 400 of 721 results for "Misconduct"

AFCA seeks to strengthen leadership

ELIZABETH MCARTHUR  |  THURSDAY, 23 MAY 2019
... the effective resolution of disputes, also places an increased emphasis on identifying systemic issues and serious misconduct in the financial services industry," Locke said. "Appointing the key senior roles of deputy chief ombudsman and general counsel ...

Fairness key to meaningful change: Shipton

HARRISON WORLEY  |  MONDAY, 20 MAY 2019
... shouldn't litigate the matter. "'Why not litigate?' is our own strategic construct and the aim of this is to deter future misconduct and address community expectations that wrongdoing be punished and publicly denounced through the courts," Shipton sa ...

The state of the banks

ELIZABETH MCARTHUR  |  TUESDAY, 7 MAY 2019
... for remediation in their 2019 half year results alone," Dring said. So far, remediation costs have related mostly to misconduct issues within wealth management divisions, he said. "But, ongoing investigation into product design and compliance will likely ...

NAB remediation bill hits $1.1bn

JAMIE WILLIAMSON  |  THURSDAY, 18 APR 2019
... Financial Planning salaried advisers; and adviser service fees charged by NAB Advice Partnerships advisers. In fact, misconduct within its wealth division accounts for 91% of the increased bill while the remainder relates to consumer credit insurance ...

FPA shuffles CRC leadership

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
... said. "The FPA's Code of Professional Conduct continues to play an important part in holding members accountable for misconduct, and provides significant benefits for consumer protection. "We would like to thank Graham for his important contribution ...

ASIC outlines enforcement efforts

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
... which enabled $33 million to be paid out of fund assets without member approval." In its update, ASIC said in 2019 misconduct involving AFS licensees would be looked at closely. It said: "We are also focusing on responsible lending breaches, as well ...

KPMG partner moves to GROW Super

KARREN VERGARA  |  MONDAY, 8 APR 2019
... efforts. As wealth managers further move to remediate customers for various fees for no service and financial advice misconduct, KPMG is bolstering its managed services division to meet the demand.

AMP overhauls wealth leadership

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... last year amidst the Royal Commission and its fallout. The wealth giant was forced to acknowledge 196 instances of misconduct relating to financial advice, as well as contraventions to the Corporations Act and the ASIC Act in relation to fees for no ...

Frydenberg makes big promises for small business

ELIZABETH MCARTHUR  |  TUESDAY, 2 APR 2019
... Additionally to this, the Government will provide $36.1 million to compensate consumers and small businesses affected by misconduct who have legacy unpaid external dispute resolution determinations.

Budget: RC response to cost over $600m

HARRISON WORLEY  |  TUESDAY, 2 APR 2019
The Federal Government's response to the Royal Commission into Misconduct in Financial Services is set to cost more than half a billion dollars. The Federal Government has committed $606.7 million over the next five years to facilitate its response ...