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Showing 5311 - 5320 of 17959 results for "Bank"

Commonwealth Bank refunding millions in fees for no service

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
In its three submissions to the Royal Commission, Commonwealth Bank has admitted to at least $118.5 million of fee for no service misconduct. Providing examples of misconduct by authorised representatives and financial advisers employed by CBA and related ...

ANZ issues last minute RC submission correction

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... fraudulent uses of Powers of Attorney; falsely witnessing documents; and the transfer of client funds into advisers' personal bank accounts. ANZ also admitted that from 2003 to 2015, certain associated entities deducted fees from the accounts of about ...

Lonsec names group chief executive

KARREN VERGARA  |  MONDAY, 16 APR 2018
Lonsec has appointed a new group chief executive and a director to assist the research firm's continued growth trajectory. Charlie Haynes will lead the research firm as chief executive. He brings more than 30 years' experience having worked for global ...

AMP admits to serious misconduct in RC submissions

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... of the financial services Royal Commission: NAB details serious compliance concerns in RC advice submission Commonwealth Bank refunding millions in fees for no service ANZ issues last minute RC submission correction Royal Commission must cast net wider ...

Royal Commission must cast net wider

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
The next fortnight will see the Royal Commission grill some of Australia's biggest providers of financial advice, albeit with some noticeable absences. During the Commission's second round of hearings the big four banks and AMP will appear, as will ...

Financial services data breaches recorded

HARRISON WORLEY  |  FRIDAY, 13 APR 2018
... tax file numbers and identity information. Financial details were involved in 30% of notifiable data breaches, including bank account details and credit card numbers. Human error (50.79%) and malicious or criminal attacks (44.44%) accounted for more ...

CBA advice failures unacceptable: Comyn

DARREN SNYDER  |  FRIDAY, 13 APR 2018
Commonwealth Bank chief executive Matt Comyn apologised for the group's financial advice failures as two CBA planning subsidiaries entered an enforceable undertaking with ASIC - all before the financial services Royal Commission tackles advice on Monday. ...

Open banking data to become super fund value add: QMV

KANIKA SOOD  |  FRIDAY, 13 APR 2018
As Australia inches towards a rollout of open banking services, a QMV principal consultant said superannuation funds should move to integrate open banking data to improve their services even before open data frameworks officially hit the super industry. ...

Industry Super Australia chief executive resigns

ALEX BURKE  |  FRIDAY, 13 APR 2018
The chief executive of Industry Super Australia is resigning after 12 years to take on a new role at a global fund manager. David Whiteley is expected to take up a new global position at IFM Investors in September. Before ISA, he was a director at HESTA ...

Optimo adds SMSF modelling to platform

KARREN VERGARA  |  FRIDAY, 13 APR 2018
Optimo Financial has enhanced its paraplanning software Pathfinder Online to include self-managed super fund modelling capabilities. Pathfinder, an online modelling platform, allows financial advisers to create projections for up to 20 years that cover ...