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Showing 31 - 40 of 407 results for "remediation"

APRA investigates NobleOak capital adequacy breach

KARREN VERGARA  |  FRIDAY, 31 MAR 2023
... liquidity and have a "sound regulatory capital position" by 30 June 2023. APRA said it is "satisfied" that NobleOak's remediation plan is "credible and will monitor NobleOak's execution of the plan closely over the coming months". "NobleOak's non-compliance ...

Court fines ANZ for dodgy introducer program

KARREN VERGARA  |  MONDAY, 13 MAR 2023
... the bank said in a statement: "ANZ has cooperated with ASIC during this process, is nearing completion of a customer remediation program and has made changes to its home loan processes." "As part of the settlement, ANZ has agreed that its Customer Fairness ...

First Super awards ESG mandate

RACHEL ALEMBAKIS  |  FRIDAY, 10 MAR 2023
... impacted on the workers and their families, and it's also impacted on the bottom line because of the substantial remediation. We want to get ahead of the curve and identify labour risks." The strategy also incorporates material governance factors ...

Dodgy advice bill nears $5bn: ASIC

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
Providing its final update on institutions' financial advice remediation programs, ASIC calculated AMP, ANZ, Commonwealth Bank (CBA), Macquarie, NAB and Westpac have so far paid a combined $4.7 billion. The remediation programs included in ASIC's update ...

AET divestment drives Insignia profit gain

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
... of Bridges with MLC Advice. Over the six-month period the advice business was also impacted by $90 million paid in remediation, with the ANZ Advice fee for no service program being finalised. Overall, cost cutting saw Insignia save 7% in operating expenses ...

AMP profits, declares first dividend since 2019

JAMIE WILLIAMSON  |  THURSDAY, 16 FEB 2023
... impairments and $90 million in costs associated with breaking up Collimate Capital. It was also impacted by $25 million in remediation costs and $61 million in transformation costs. The wealth management business saw its assets drop from $142.3 billion ...

Super, advice class actions dampen CBA results

KARREN VERGARA  |  WEDNESDAY, 15 FEB 2023
... date is set for March 2024. Between June and December 2022, CBA saw an increase in the provision for aligned advice remediation for former authorised representatives from Financial Wisdom, Count Financial and Commonwealth Financial Planning of $198 million ...

MLC Life Insurance welcomes new non-executive director

CASSANDRA BALDINI  |  FRIDAY, 27 JAN 2023
... years of experience, Stephen has expertise in strategy, leadership, governance, culture, mergers and acquisitions, remediation and navigating the complexity of regulated industries. Previously, he served as group chief risk officer and a member of the ...

Sequoia FG revises profit expectations

JAMIE WILLIAMSON  |  MONDAY, 23 JAN 2023
... repatriation of more than $2 million along with increased costs to service financial advisers. This was related to a 2019 remediation matter involved a since terminated adviser. While its making progress with its professional indemnity insurers, Sequoia ...

Talaria appoints chief operating officer

ANDREW MCKEAN  |  MONDAY, 16 JAN 2023
... consultant at National Australia Bank (NAB). At NAB, she was a member of the leadership team that oversaw the large-scale remediation program following the 2014 ASIC Wealth Management Project. Ninness has also held operational roles at Digecom Solutions ...