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Showing 481 - 490 of 900 results for "Compensation"

FoFA should also protect retail banking customers: FSU

KARREN VERGARA  |  THURSDAY, 29 JUN 2017
... practices of many Australian banks, she said, adding the situation calls for greater whistleblower protection and compensation.

CBA advice compensation reaches $29m

ALEX BURKE  |  THURSDAY, 15 JUN 2017
The amount of compensation offered to Commonwealth Bank financial planning customers has reached $29 million, according to the seventh and final Promontory report into the Open Advice Review Program. Of that amount, $22.9 million has been paid so far ...

NAB sells trustee business to IOOF

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2017
... acquire National Australia Trustees Limited following an agreement with NAB, making it one of Australia's largest compensation trust providers. IOOF managing director Christopher Kelaher described National Australia Trustees' offering as a strong strategic ...

Macquarie pays the price for poor advice

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2017
Macquarie Equities has shelled out almost $25 million in compensation in the past three years as part of its enforceable undertaking with ASIC. The corporate regulator published an update yesterday as to the remediation program's status, saying it is ...

Hunter Hall funds and LIC receive makeover

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2017
... executive Russell Pillemer will also join the LIC's board - members of which will now receive substantially reduced compensation. Finally, fees and expenses for certain Hunter Hall products will be reduced to better align them with Pengana products and ...

ASIC cancels AFSL, bans former executives and fund managers

JAMIE WILLIAMSON  |  TUESDAY, 30 MAY 2017
... varying periods and penalised between $90,000 and $650,000 in addition to being ordered to pay various amounts in compensation - up to $205,755,601 to investors in the fund - and the majority of ASIC's costs. Overseeing the proceedings, Justice Douglas ...

Super reforms hit parliament

EMMA RAPAPORT  |  MONDAY, 29 MAY 2017
... income streams on 30 June 2017. This is to ensure that those who contributed structured settlement/personal injury compensation payments to super income streams before 1 July 2017 will not be penalised under the transfer balance cap if there has been ...

Labor fights phoenix fraud

EMMA RAPAPORT  |  WEDNESDAY, 24 MAY 2017
... an objective test for transactions depriving employees of their entitlements Clarification of the availability of compensation orders against accessories Consultation on targeted integrity measures based on the recommendations of the Melbourne Law School ...

Big banks pay $60m in advice refunds

ALEX BURKE  |  MONDAY, 22 MAY 2017
... estimated $105 million; NAB paid $4.4 million out fan estimated $5 million; and Westpac has paid its estimated total compensation of $2.6 million in full. ASIC also noted a further $34 million payable by NAB super trustee NULIS Nominees for breaches ...

Financial dispute authorities combined for 'one-stop-shop'

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... existing schemes. "Those who are found to have wrongfully suffered losses will have access to move appropriate levels of compensation," Budget documents said. To ensure the AFCA delivers an effective dispute resolution service, the Federal Government ...