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Showing 401 - 410 of 721 results for "Misconduct"

NAB needs 500 staff for remediation

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAR 2019
... exposed. The chair also said to Chronican: "You were in charge of ANZ's Australian operations when much of ANZ's misconduct occurred that was exposed by the royal commission or certainly highlighted by the royal commission. Why did misconduct ...

Former Financial Wisdom adviser banned

KARREN VERGARA  |  THURSDAY, 21 MAR 2019
... documents and back-dating documents. She also failed to provide Statements of Advice to clients; deleted records to conceal misconduct; and falsely witnessed signatures on death benefit nomination forms and arranged others to backdate and falsely witness ...

AMP scraps bonuses

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAR 2019
... should be aligned with the financial outcome for our shareholders and must be accompanied by consequence management for misconduct." AMP suffered a 97% drop in full year profit following the Royal Commission, setting aside millions for customer remediation. ...

AFA takes red pen to Hayne report

HARRISON WORLEY  |  WEDNESDAY, 20 MAR 2019
... Commissioner's failure to probe intra-fund advice. In the final report Commissioner Hayne said it hadn't been suggested that any misconduct had arisen from intra-fund advice, and went on to say he wouldn't look at the issue any further. Anderson said ...

Codes of conduct to be made enforceable

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
... government's continued action on all 76 recommendations contained in the final report of the Royal Commission into misconduct in the banking, superannuation and financial services industry." The new consultation paper aims to amend the law to allow ...

Former adviser cops 10-year prison sentence

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2019
... had been invested and the investments were performing well. Further, the court heard how Nakhl tried to cover up the misconduct by having the clients sign documents that supposedly authorised Nakhl to misappropriate the funds like he did. Of the $6.7 ...

NFP super funds rise to occasion post-Royal Commission

KARREN VERGARA  |  THURSDAY, 14 MAR 2019
... increased awareness and led to action," she said. The hearings, which called out practices that potentially mount to misconduct and failed to meet community expectations, were not referred to the regulator for further investigation. Scheerlinck said ...

APRA sets sights on 2019 targets

HARRISON WORLEY  |  FRIDAY, 1 MAR 2019
... issues were further emphasised during the Royal Commission, where a lack of accountability often lay at the heart of misconduct and poor consumer outcomes. "To address these issues, we will further strengthen our prudential requirements on executive ...

KPMG expands advice remediation team

HARRISON WORLEY  |  TUESDAY, 26 FEB 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. In the past two months the firm has posted a series ...

Advisers need to behave above the law

HARRISON WORLEY  |  FRIDAY, 22 FEB 2019
... advisers were two different things, drawing on parts of Commissioner Kenneth Hayne's final Royal Commission report into misconduct in financial services to explain the position. "What he's arguing is the law is where the basic sits," Sanders said. "Codes ...