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Showing 561 - 570 of 903 results for "NAR"

CBA whistleblower casts doubts over compensation scheme

LAURA MILLAN  |  THURSDAY, 24 JUL 2014
Former Commonwealth Bank (CBA) planner and whistleblower Jeff Morris has expressed concern over a number of aspects of the bank's Open Advice Review program to compensate victims of bad advice. The adviser, who blew the whistle on cases of advice misconduct ...

FSI asks industry to consider greater ASIC powers

MARK SMITH  |  TUESDAY, 15 JUL 2014
The Financial System Inquiry (FSI) Committee, headed up by chairman David Murray, has questioned whether the Australian Securities and Investments Commission (ASIC) requires greater powers to better monitor Australia's financial services industry. In ...

CBA unveils tougher adviser standards

LAURA MILLAN  |  MONDAY, 14 JUL 2014
In the wake of the Senate inquiry into the performance of the Australian Securities and Investments Commission (ASIC), the Commonwealth Bank (CBA) will lift the minimum education standards for its financial advisers and demand that they belong to a ...

Retired High Court judge to chair CBA review panel

LAURA MILLAN  |  FRIDAY, 11 JUL 2014
Retired High Court Justice Ian Calllinan will head Commonwealth Bank's (CBA) independent review panel for the Open Advice Review program that will assist victims of bad financial advice between 2003 and 2012. Callinan will advise CBA chief executive ...

CBA's Narev leaves key questions unanswered

LAURA MILLAN  |  FRIDAY, 4 JUL 2014
Commonwealth Bank (CBA) chief executive Ian Narev's main message during yesterday's address to the media was that the bank has switched to "a spirit of openness," but he left a number of key questions unanswered. "Over the past few weeks perhaps the ...

Market wrap

AAP  |  FRIDAY, 4 JUL 2014
The Australian stock market was higher in early trade following on from Wednesday's strong gains and Wall Street hitting record highs overnight. The gains mark a strong start to the new fiscal year after what has been a flat to weak period for Australian ...

Government still mulling response on Senate report

LAURA MILLAN AND AAP  |  THURSDAY, 3 JUL 2014
The government will monitor the implementation of Commonwealth Bank's (CBA) Open Advice Review program announced today while it works on its response to the Senate Economics Committee report. Finance Minister Mathias Cormann said that it was "appropriate ...

Market wrap

AAP  |  THURSDAY, 3 JUL 2014
The Australian stock market was higher in early trade following on from Wednesday's strong gains and Wall Street hitting record highs overnight. The gains mark a strong start to the new fiscal year after what has been a flat to weak period for Australian ...

PROFILE: State Street Global Advisors CEO Lochiel Crafter

LAURA MILLAN  |  THURSDAY, 3 JUL 2014
Lochiel Crafter was appointed head of the State Street Global Advisors (SSgA) business in Australia and Asia Pacific a year ago. Since then, a number of mandates, appointments and new strategies have kept the company and its CEO busy. By Laura Millan. ...

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 ...