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Showing 461 - 470 of 482 results for "Remediation"

BOQ reaches $17 million settlement with Storm victims

LAURA MILLAN  |  MONDAY, 22 SEP 2014
... net impact after tax to BOQ will be of $22.1 million, which includes all legal costs and additional provision for remediation costs, the bank announced in a statement to the Australian Securities Exchange (ASX). The settlement is subject to Federal Court ...

CBA looks for plaintiffs to assist in remediation process

LAURA MILLAN  |  MONDAY, 25 AUG 2014
Commonwealth Bank (CBA) is in advanced discussions with a number of plaintiff law firms that will act as independent consumer advocates in the Open Advice Review program to compensate victims of poor financial advice. CBA is expecting to announce the ...

Macquarie forced to contact all advice clients for remediation

LAURA MILLAN  |  FRIDAY, 15 AUG 2014
... not imposed license conditions on Macquarie in the first place, Kell said that "there's still a way to go with the remediation program." He said that if the EU does not prove to be effective, "there are significant options available to ASIC," including ...

Claims against advice arm have no factual basis: Macquarie

LAURA MILLAN  |  MONDAY, 4 AUG 2014
... schemes for clients affected by the CFPL scandal, the committee doubts ASIC is fully aware of the Macquarie business and remediation process," the report argued.

ASIC puts an end to PIS monitoring program

LAURA MILLAN  |  TUESDAY, 29 JUL 2014
... "with regulatory requirements for personal advice, the effectiveness of its advice audit and pre-vet functions and its remediation of poor advice," ASIC said. The Centrepoint-owned group previously had gone through an enforceable undertaking from December ...

Macquarie tight-lipped on EU details

LAURA MILLAN  |  FRIDAY, 25 JUL 2014
... The EU is subject to independent oversight by ASIC and KPMG as independent expert. The group also said that "client remediation approach based on consistent application of Financial Ombudsman Service principles and is subject to oversight by Deloitte ...

Macquarie rebukes advice, compliance concerns

LAURA MILLAN  |  TUESDAY, 8 JUL 2014
... schemes for clients affected by the CFPL scandal, the committee doubts ASIC is fully aware of the Macquarie business and remediation process," the Committee report argued.

CBA opens up compensation review to all advice clients

LAURA MILLAN  |  THURSDAY, 3 JUL 2014
Commonwealth Bank (CBA) will set up a broad remediation program with independent oversight for all customers who received advice between 2003 and 2012. CBA chief executive Ian Narev spoke to the media a week after the Senate Economics Committee issued ...

Financial Wisdom to face class action for poor advice

LAURA MILLAN  |  MONDAY, 16 JUN 2014
... informed that cases where customers were not offered compensation were assessed in accordance with Project Hartnett's remediation methodology and that the process was validated by the independent expert Ernst & Young, which in turn reported to ASIC. ...

CBA does not address "sketchy" info allegations

LAURA MILLAN  |  THURSDAY, 29 MAY 2014
... all received written communications and that an independent accountancy expert did not oversee Financial Wisdom's remediation process. ASIC noted that its submissions reflected the incorrect information from CBA's initial statements. As a consequence ...