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Showing 31 - 40 of 46 results for "Australian Banking Association"

ABA moves to protect vulnerable customers

ELIZABETH MCARTHUR | WEDNESDAY, 20 MAR 2019

... relationship and people experiencing long-term illness are the focus of new guidelines proposed by the Australian Banking Association. The ABA opened a consultation to the public which will result in new industry guidelines aiming to better support vulnerable ...

Indigenous super access needs improvement

KARREN VERGARA | TUESDAY, 19 MAR 2019

... by trained staff. One of Hayne's recommendations in the Royal Commission final report is for the Australian Banking Association to amend its code so that if a customer identifies as an ATSI, the bank will follow AUSTRAC's guidance on identification and ...

AFSL reference checking protocols required

JAMIE WILLIAMSON | MONDAY, 4 FEB 2019

Financial advice licensees are not doing enough to communicate the background of advisers. As such, compliance with the Australian Banking Association's reference checking protocols should be mandatory for all advice licensees, the Royal Commission ...

APRA lifts interest-only restrictions

HARRISON WORLEY | FRIDAY, 21 DEC 2018

... institutions have been made, it will allow banks to make new interest-only loans. According to the Australian Banking Association (ABA), the move will improve the competitiveness of smaller and regional banks. "APRA's announcement today shows that ...

Grandfathered commissions: Where to from here?

JAMIE WILLIAMSON | WEDNESDAY, 19 DEC 2018

... the key recommendations of Commissioner Hayne's final report which is due February 2019. The Australian Banking Association and many superannuation funds are already calling for a ban, and three of the four big banks have already vowed to phase them ...

RC interim report is fair: Spot poll

KARREN VERGARA | MONDAY, 8 OCT 2018

... focuses largely on adviser remuneration - an issue the association said does not require review. The Australian Banking Association chief executive Anna Bligh said the findings into the misconduct in financial services marked a "day of shame" for Australia's ...

A day of shame for Aussie banks: Bligh

HARRISON WORLEY | FRIDAY, 28 SEP 2018

Australian Banking Association chief executive Anna Bligh said the Royal Commission's interim report into misconduct in financial services marked a "day of shame" for Australia's banks. Holding a press conference after Commissioner Kenneth Hayne ...

Industry body rejects ABA banking code

KANIKA SOOD | MONDAY, 10 SEP 2018

Australian Banking Association chief executive Anna Bligh's call for mutual banks, credit unions and building societies to adopt the ABA's new banking code of practice has been labelled "gratuitous" by an industry body which says a better code of practice ...

New code should apply to all: ABA

HARRISON WORLEY | FRIDAY, 7 SEP 2018

The Australian Banking Association (ABA) believes the new Banking Code of Practice standards should be adopted across the entire industry, including banks that are not ABA members. According to the association, the standards between credit unions, buildings ...

Financial abuse: A hidden epidemic

JAMIE WILLIAMSON | MONDAY, 6 AUG 2018

... controlling or restricting access to money to running up debt in a victim's name. In June, the Australian Banking Association, National Seniors, Council on the Ageing, Older Persons Action Network and the Financial Services Union joined forces to lobby ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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