Search Results | Showing 421 - 430 of 475 results for "remediation" |
| | | ... compensation scheme covering financial advisers." Banks will also work with ASIC to expand the regulator's review of customer remediation programs for financial advice and implement an "industry register" to easily identify "rogue advisers" so as to ... |
| | | | ... for the future. The report highlighted that over the six month period ASIC secured $149 million in compensation and remediation for consumers and investors, removed 27 individuals from financial services, laid 42 criminal charges, charged six persons ... |
| | | | ... and funds management activities within OnePath, which resulted in roughly $4.5 million in compensation and "other remediation" of around $49 million. Breaches included having member contributions allocated to incorrect super accounts for up to a year ... |
| | | | ... the EU, ACE Insurance is required to appoint an independent expert to review Combined's compliance systems, put a remediation plan to compensate affected consumers in place and make a donation of $1 million to financial counselling and financial literacy ... |
| | | | ... surveillance which uncovered deficiencies in the advice it provided to retail clients." Suncorp Life has undertaken a client remediation program to address these issues. According to ASIC, the additional license conditions will be carried over to Suncorp's ... |
| | | | ... holders. CBA also engaged independent firm EY to review and provide recommendations to improve controls, ensure its remediation process would identify all those affected, and ensure an accurate calculation of refunds. "Manual processes to apply discounts ... |
| | | | ... commencement of the service. As a result, the entities must now appoint an ASIC-approved independent expert, establish a remediation plan and then undertake a "hindsight review." "It is fundamental to the class order relief granted to foreign financial ... |
| | | | ... compensation. In July, the group reported it had paid $11 million to disgruntled advice clients, a year after the remediation program was put in place. The figure had increased to $14 million by the end of September. The program is considered the most ... |
| | | | ... experience is to be expected from period to period given the size of AMP's in-force book in Australia. Further, as remediation of the Australian wealth protection business progresses, there continues to be potential for increased experience volatility," ... |
| | | | ... announced it would write to customers who had suffered "financial loss caused by inappropriate advice since 2009." The remediation program is ongoing, and NAB reaffirmed its commitment to respond to new complaints within 45 days, with Professor Dimity ... |
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