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Showing 391 - 400 of 475 results for "Remediation"

Super consultant appoints new head

JAMIE WILLIAMSON  |  WEDNESDAY, 4 OCT 2017
... change management, program and project management with a focus on technology, regulatory change, data quality, data remediation, migrations and mergers. "As the superannuation industry continues to deal with ongoing regulatory change as well as the shift ...

ASIC targets retirement products and services

KARREN VERGARA  |  MONDAY, 4 SEP 2017
... ensure they act professionally and in consumers' best interests. ASIC will also continue to monitor advice firms' remediation programs for consumers who received non-compliant advice between 1 January 2009 and 30 June 2015. In the life insurance sector ...

Australian Ethical sees 34pct member surge

ALEX BURKE  |  THURSDAY, 31 AUG 2017
... profit to $2.9 million, the super fund and investment manager said headline results were impacted by $2.8 million in remediation costs associated with the unit pricing error which drove down profits by 62% back in February. "In order to minimise the ...

ASIC and CBA discussing potential advice problem

EMMA RAPAPORT  |  TUESDAY, 15 AUG 2017
... Livingstone announced Ian Narev would retire from the top job by the end of June 2018, CBA released a list of several remediation programs affecting thousands of customers and employees. Included in the list was a fresh revelation that ASIC is concerned ...

ANZ foots compensation bill

KARREN VERGARA  |  FRIDAY, 11 AUG 2017
... million affected OnePath customers between 2013 to mid-2015 required refunds and compensation of $4.5 million, and remediation of $49 million. Some of the breaches include OnePath failing to disclose documentation for some insurance products; insufficiently ...

Royal Commission unnecessary: FSC

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2017
A Royal Commission into the financial services sector is unnecessary given the amount of substantial reforms and remediation the industry has already undertaken, the Financial Services Council said. In responding to Shadow Treasurer Chris Bowen's push ...

ASIC bans ex-AMP adviser

KARREN VERGARA  |  TUESDAY, 27 JUN 2017
... fame or character." ASIC said its investigations into this and related matters are ongoing, adding AMP has in place a remediation program for clients who received advice from Fong and suffered a financial loss. Meanwhile, ASIC's Markets Disciplinary ...

CBA advice compensation reaches $29m

ALEX BURKE  |  THURSDAY, 15 JUN 2017
... incorrect charging of fees with no other financial loss attributed to advice. Overall Promontory determined that CBA's remediation program has been "delivered in line with its objectives." Promontory noted CBA's careful development of assessment processes ...

Macquarie pays the price for poor advice

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2017
... as part of its enforceable undertaking with ASIC. The corporate regulator published an update yesterday as to the remediation program's status, saying it is substantially complete, with 263 clients paid a total of $24.7 million since August 2014. The ...

Adviser contravenes FoFA obligations

EMMA RAPAPORT  |  MONDAY, 20 MAR 2017
... ASIC released a report on how large financial advice firms have addressed serious conduct, compliance and customer remediation issues, revealing serious concerns about how the industry has operated over the past five years. The review-which forms part ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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