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Showing 461 - 470 of 935 results for "Compensation"

Government consults on super access for victims of crime

JAMIE WILLIAMSON  |  MONDAY, 28 MAY 2018
The Federal Government released draft proposals for improving compensation for victims of crime, including the ability to claw-back irregular superannuation contributions made by criminals. To ensure superannuation accounts cannot be used as a safe ...

Life insurers should fund medical rehabilitation: MLC

KANIKA SOOD  |  MONDAY, 21 MAY 2018
... Ombudsman. PHA is also recommending that life insurers and private health insurers be permitted to share information about compensation settlements, subject to the member's consent. The PJC is due to report by 20 September, 2018.

Fees for no service compensation unfinished business: ASIC

DARREN SNYDER  |  THURSDAY, 17 MAY 2018
Newly-minted ASIC chair James Shipton said there will be more consumer compensation to come over fees for no service financial advice. Three months into his role, Shipton addressed the annual Australian Council of Superannuation Investors (ACSI) conference ...

ANZ culls sales incentives for planners

KANIKA SOOD  |  MONDAY, 7 MAY 2018
... and head of digital and wealth Australia, Kylie Rixon. The bank then limited revenue-based measures to only 15% of compensation criteria and abolished the leader board, Rixon said. Today, ANZ said it has removed all sales incentives for bonuses and will ...

Government names AFCA board members

ALEX BURKE  |  WEDNESDAY, 2 MAY 2018
... advisers, managed investment schemes and superannuation trustees." "It will operate significantly higher monetary and compensation limits for consumer and small business complainants, as well as provide enhanced access to free dispute resolution for ...

RECAP: Advice in the Royal Commission spotlight (Days 6- 9)

KANIKA SOOD  |  FRIDAY, 27 APR 2018
... on April 12 -- less than two weeks before the day's questioning. It limited revenue-based measures to only 15% of compensation criteria and abolished the leader board, Rixon said. "I don't know. I don't understand them all," Rixon said when asked why ...

ANZ, NAB bottom lines take a hit

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... in place of 2000 newly created roles. NAB, which is also fronting the Royal Commission, did not disclose legal or compensation-related costs it anticipates to incur. In March 2016, the bank completed its de-merger of CYBG PLC, a UK-based banking business. ...

Royal Commission case study: advice put retirement in ruins

JAMIE WILLIAMSON  |  THURSDAY, 19 APR 2018
... Westpac, the process for which she described as taking "forever and a day." In response, Westpac offered $17,988 in compensation in February 2016 which was declined. "Westpac's mission statement says that if they get it wrong they will put it all right. ...

Treasurer backs ASIC investigations

DARREN SNYDER  |  THURSDAY, 19 APR 2018
... thousands of documents as it has undertaken a number of examinations of AMP staff," he said. "ASIC is also pursuing full compensation of impacted AMP clients. ASIC takes these allegations of false or misleading statements very seriously as does the Government ...

AMP deliberately misled ASIC over ongoing fees

ALEX BURKE  |  TUESDAY, 17 APR 2018
... Clayton Utz report, AMP formulated a view to describe the 90-day rule as an "administrative issue" to ASIC, rather than compensation based on no advice. The report also said that AMP sought to negotiate a commercial outcome with ASIC with respect to ...