Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 441 - 450 of 900 results for "Compensation"

Crime victims should receive super access: Poll

DARREN SNYDER  |  MONDAY, 9 APR 2018
... place," Federal Minister for Revenue and Financial Services, Kelly O'Dwyer, said. "This denies those victims access to compensation that they in ordinary circumstances would be able to have. And we don't think it's right." O'Dwyer added she doesn't envisage ...

Prime Access bungle costs ANZ $50 million

KANIKA SOOD  |  FRIDAY, 6 APR 2018
ANZ bank has entered an enforceable agreement with ASIC and has footed a $50 million compensation bill as it puts the lid on its Prime Access compliance bungle. Back in 2015, an investigation by the corporate regulator revealed the bank had failed to ...

Victims of crime to receive super access

JAMIE WILLIAMSON  |  TUESDAY, 27 MAR 2018
... their victims because of the laws that are currently in place," O'Dwyer said. "This denies those victims access to compensation that they in ordinary circumstances would be able to have. And we don't think it's right." O'Dwyer added she doesn't envisage ...

ASIC closes doors on Storm charges with two fines

ALEX BURKE  |  FRIDAY, 23 MAR 2018
... circumstances." ASIC said the fines draw to a close its Storm litigation, "which has included investors receiving compensation in relation to losses suffered on investments made through Storm." The regulator's investigation began in 2008. Civil penalty ...

Financial advice under the Royal Commission spotlight next month

ALEX BURKE  |  TUESDAY, 13 MAR 2018
... retirement." Further, 55% of all unpaid determinations involve financial advisers, adding to a $14 million bill of compensation yet to be paid as at 31 December 2017.

FOS submission points finger at advisers

JAMIE WILLIAMSON  |  MONDAY, 5 MAR 2018
... retirement." Further, 55% of all unpaid determinations involve financial advisers, adding to a $14 million bill of compensation yet to be paid as at 31 December 2017. "Since 1 January 2010, outstanding failures to pay FOS determinations have resulted ...

ASIC to target non-compliant advisers and AFSLs

JAMIE WILLIAMSON  |  THURSDAY, 1 MAR 2018
... total of 63 investigations, 61 of which were completed. These actions resulted in a total of $94.4 million paid in compensation and remediation to investors and consumers; $21.7 million in civil penalties; $1.7 million in infringement notices; and $40.5 ...

ATO to advance early release of super: O'Dwyer

KARREN VERGARA  |  THURSDAY, 22 FEB 2018
... early release of superannuation on severe financial hardship and compassionate grounds, as well as victims of crime compensation. Early this year the Department of Human Services revealed that more than $290 million was released under compassionate grounds ...

Vertically aligned institutions pay $21.4m compensation

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2018
... received non-compliant financial advice will be compensated a further $21.4 million. This adds to the $30 million compensation bill ASIC announced in March 2017 after it investigated how large institutions oversee advisers and address customer loss or ...

IOOF partners with GROW Super

KARREN VERGARA  |  TUESDAY, 13 FEB 2018
... will operate in practice." Currently, victims of violent crime generally have access to government-funded assistance compensation schemes. The law can also order a perpetrator, if found guilty of committing the crime, to make a payment to the victim. ...