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Showing 441 - 450 of 937 results for "Compensation"

CBA fires up over Dollarmites criticism

HARRISON WORLEY  |  FRIDAY, 5 OCT 2018
... payments CBA makes to schools, saying they are based on the number of participating students, and only ever intended as compensation for the program's administration. According to CBA, Australian schools have received an average of $380 so far this year. ...

Dishonest advice fees dent Westpac earnings

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... institution is estimating its full-year cash earnings will be reduced significantly as a result of provisions set aside for compensation and recent litigation. Westpac said it has increased provisions for customer refunds where certain advice fees were ...

ASIC slams unacceptable reporting breaches

KARREN VERGARA  |  WEDNESDAY, 26 SEP 2018
... the findings are a "sad indictment on the financial services industry." Many of the breach reporting and consumers compensation delays were due to financial institutions' inadequate systems, procedures and governance processes, as well as a lack of a ...

IOOF offloads corporate trust business

KANIKA SOOD  |  THURSDAY, 13 SEP 2018
... AET private trust business, which IOOF is retaining, provides private client trustee services, estate planning and compensation trusts. Sargon chief executive Phillip Kingston welcomed said there was a complementary fit between Sargon and AET Corporate ...

TAL hired private investigator to follow claimant: Royal Commission

KANIKA SOOD  |  THURSDAY, 13 SEP 2018
... GP's medical records, psychiatrist's records, Medicare history, private health insurance claims history, workers compensation file and employee assistance program. TAL then said the nurse had breached her duty of disclosure by failing to report the six ...

No time for complacency: AIST

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... unable to stop the "bad behavior." Scheerlinck added the Australian Securities and Investments Commission estimates compensation due to members will top $1 billion - based on the fees for no service issue alone. Amid the recent leadership spill and new ...

Retail super funds reject MySuper delays

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... Act with respect to plan service fees (PSFs) deducted from member accounts with no linked adviser. NAB/MLC's PSF compensation figure reached $87.1m, jumping from the $67.1m it originally reported in July. Former NULIS Nominees chair Nicole Smith, the ...

NAB initially under-reported remediation bill to ASIC

KANIKA SOOD  |  MONDAY, 13 AUG 2018
NAB initially reported a compensation bill of about $22 million less than what it actually owed to customers for plan service fees, as the corporate regulator was capping off a report on the matter in late 2016. By 24 October 2016, NAB's estimated plan ...

NAB compensation delays hopelessly conflicted: Royal Commission

KARREN VERGARA  |  WEDNESDAY, 8 AUG 2018
NAB found itself in a "hopelessly conflicted" situation by delaying the process of compensating members charged fees for no service in order to maintain profit levels, the third day of the Royal Commission's inquiry into superannuation heard. This ...

Fees for no service remediation passes $250 million

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... whether these fees constituted fees for no service. In May, ASIC chair James Shipton said there will be more consumer compensation to come over fees for no service. He also alluded to the regulator implementing new supervisory frameworks for the entire ...