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Showing 451 - 460 of 599 results for "Scrutiny"

Lawyer slams NAB compensation scheme

LAURA MILLAN  |  FRIDAY, 22 MAY 2015
... review process were questioned by the Senate Economics Committee during aA public hearing in Canberra as part of the Scrutiny of Financial Advice inquiry. However, following the bank's appointment of Kingsford Smith, Committee chair and Labor Senator ...

CFA Societies wants industry professionals to swear oath

MARK SMITH  |  THURSDAY, 21 MAY 2015
... against bad ethics but more should be done to raise ethical standards against a backdrop of increased regulatory and public scrutiny in the wake of recent scandals. "High standards of personal ethics and regard for market integrity are critical to building ...

NAB upgrades advice compensation program

LAURA MILLAN  |  THURSDAY, 21 MAY 2015
... questioned in the past, most recently by the Senate Economics Committee during a public hearing in Canberra as part of the Scrutiny of Financial Advice inquiry. Committee chair and Labor Senator Sam Dastyari told NAB chief executive: "Mr Thorburn, you ...

Bank results underpin wealth management new era

LAURA MILLAN  |  FRIDAY, 8 MAY 2015
... about the current model. "Although the industry is responding to these reviews with transformational initiatives, ongoing scrutiny of wealth management operations is likely," EY said, and concluded that "further reforms are expected" when the final reports ...

Advice industry faces insurance quandary

ALEX BURKE  |  MONDAY, 4 MAY 2015
... Dastyari proposed a statutory financial advice victim insurance scheme at the Senate Economics References Committee's Scrutiny of Financial Advice inquiry on April 21. The potentially $50 million scheme would be self-funded by the industry and was described ...

NAB to take "leading role" in advice remediation

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
During the Senate Economics References Committee's Scrutiny of Financial Advice inquiry, NAB chief executive Andrew Thorburn said the bank was prepared to take a "leading role" in addressing the compensation gap for victims of poor financial advice. ...

CBA advisers ran from ASIC

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
... advisers resigning when the regulator began its investigation. Speaking at the Senate Economics References Committee's Scrutiny of Financial Advice inquiry, he said that "People who know they have done wrong, once the investigation starts, run away and ...

Sacked Macquarie advisers still in the industry

LAURA MILLAN  |  TUESDAY, 21 APR 2015
... firms, Macquarie chief executive Nicholas Moore said. Speaking at a Senate Economics Committee public hearing within the Scrutiny of Financial Advice inquiry, Moore said: "We don't keep track of people [who leave MPW], but anecdotally I know that some ...

Industry should help fund ASIC: ANZ

LAURA MILLAN  |  TUESDAY, 21 APR 2015
... industry behaviour." ANZ deputy chief executive officer Graham Hodges told a Senate Economics Committee hearing within the Scrutiny of Financial Advice inquiry that "the industry must take responsibility for its actions." The regulator "will never have ...

AMP chief economist says housing future messy

DARREN SNYDER  |  FRIDAY, 10 APR 2015
... home prices. However, this is likely to be constrained by the economic environment and the impact of tougher prudential scrutiny of bank lending by APRA." He described the residential property outlook as "messy' for the next five to 10 years. According ...