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Showing 451 - 460 of 722 results for "Misconduct"

NAB still unclear on true impact of misconduct

KANIKA SOOD  |  FRIDAY, 19 OCT 2018
NAB chief executive Andrew Thorburn failed to give an exact number of clients hit by the bank's misconduct as he fronted the parliamentary inquiry into major banks in Canberra this morning. Thorburn said he expects the total number of customers ...

Pension fund manager siphons $2m

JAMIE WILLIAMSON  |  FRIDAY, 19 OCT 2018
... council's trust from a senior employee, resulting in a detailed police investigation," the council said. It added that the misconduct was a significant time ago and processes have been strengthened and are constantly reviewed. "The fact we were able ...

A question of ethics

JAMIE WILLIAMSON  |  THURSDAY, 11 OCT 2018
... making decisions based on a very narrow data set," Moy said. He added that the predominant assumption surrounding the misconduct is that a bad person with bad intent did a bad thing. In fact, it is far more likely that an ordinary person with good, strong ...

Royal Commission an opportunity: Anderson

JAMIE WILLIAMSON  |  THURSDAY, 11 OCT 2018
... education and discussion, particularly the issue of adviser remuneration. Anderson said there is no question that there is misconduct occurring. However, a blanket solution for fee structures is not the answer. "We will not be arguing for the removal ...

Banks to answer for Hayne report

JAMIE WILLIAMSON  |  MONDAY, 8 OCT 2018
... in banks against the interest of customers that has led to appalling conduct contrary to law," he said. "Yet, this misconduct has either gone unpunished, or the consequences have not met the seriousness of what has occurred and must be addressed." Commonwealth ...

RC interim report is fair: Spot poll

KARREN VERGARA  |  MONDAY, 8 OCT 2018
... in underpinning the first four rounds into one driving factor: greed. What the inquiry unearthed, Hayne wrote, was misconduct that went unpunished or the consequences that did not match actions. Hayne considered passing new law to deter financial services ...

AMP defends charging dead clients

HARRISON WORLEY  |  THURSDAY, 4 OCT 2018
... previously report the error. AMP also objected to counsel assisting's findings that the wealth manager may have engaged in misconduct by authorising the deduction of premiums from members' accounts where those premiums were calculated on an inappropriate ...

Elon Musk steps down as Tesla chair

KANIKA SOOD  |  TUESDAY, 2 OCT 2018
... Stephanie Avakian said. "The total package of remedies and relief announced are specifically designed to address the misconduct at issue by strengthening Tesla's corporate governance and oversight in order to protect investors". Tesla is the fourth ...

Insurance shake-up puts clients first

KARREN VERGARA  |  TUESDAY, 2 OCT 2018
... Counsels assisting Rowena Orr and Mark Costello said TAL and Rest are among the organisations that may have engaged in misconduct that fell below community standards. AMP may face criminal charges for deducting premiums from deceased members' accounts. ...

AMP, banks respond to RC interim report

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
AMP and Australia's big four banks have responded to the Royal Commission's interim report on misconduct in the financial services sector. The report, released on Friday, was scathing in its review of Australia's major players in financial services. ...