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Showing 591 - 600 of 900 results for "Compensation"

Medcraft addresses ASIC's NAB response

ALEX BURKE  |  THURSDAY, 26 FEB 2015
... Senate Economics Legislation Committee, ASIC chair Greg Medcraft addressed the recent media coverage of NAB Wealth's compensation to its advice clients. "We have started our information gathering from NAB Wealth using our formal legal powers. And the ...

NAB chief executive outlines misconduct policy changes

ALEX BURKE  |  TUESDAY, 24 FEB 2015
... of its advice businesses. Despite the recent revelation that NAB had paid between $10 million and $15 million in compensation to its financial advice clients, Thorburn noted that the bank had a "relatively low" 0.2% complaint ratio. He added that NAB ...

Nationals pressure Treasury for RC into white collar crime

LAURA MILLAN  |  MONDAY, 23 FEB 2015
... Bank and Macquarie Group. Both groups started to work with ASIC to improve their processes and have put in place compensation programs for victims of bad financial advice since then. However, the Committee recommended to set up a Royal Commission to ...

NAB denies failing advice clients

ALEX BURKE  |  MONDAY, 23 FEB 2015
... scrutiny, rather than by NAB's internal processes. Hagger responded that NAB has paid between $10 and $15 million in compensation to clients where the bank "didn't get it right the first time." "We have over 1.7 million customers and clearly we want ...

Ex-ANZ adviser sent to jail over $6m fraud

LAURA MILLAN  |  WEDNESDAY, 11 FEB 2015
... were impacted to date. ANZ has paid $5.715 million to 140 clients with whom it has reached agreement on the payment compensation. ANZ and M3 cooperated with the investigation by the Australian Securities and Investments Commission (ASIC) and also engaged ...

Push to end US Congressional pensions

ALEX DUNNIN  |  FRIDAY, 6 FEB 2015
... many, many times that Members of Congress should be treated more like ordinary American workers when it comes to compensation...and very few people these days get a pension."

Financial services companies owe consumers $15m compensation

LAURA MILLAN  |  MONDAY, 2 FEB 2015
Financial services providers owe consumers about $15 million in unpaid compensation, according to the Financial Ombudsman Service (FOS). The latest edition of The FOS Circular reveals that since January 1, 2010, a total of 26 financial services companies ...

Deflation is the Darth Vader of the economy

BENJAMIN ONG  |  THURSDAY, 29 JAN 2015
... beginning to normalize the stance of monetary policy". Though it noted that, "Market-based measures of inflation compensation have declined substantially in recent months" and that "Inflation is anticipated to decline further in the near term". However ...

Independent expert lists CBA compensation challenges

LAURA MILLAN  |  FRIDAY, 19 DEC 2014
... evolving regulatory framework applying to financial advice over the Review Period; and constructing an appropriate compensation model where poor advice has been identified. CBA chief executive officer Ian Narev said that the report "gives the public ...

FEATURE: 2014 year in review

MARK SMITH, LAURA MILLAN, JAMES FERNYHOUGH  |  FRIDAY, 12 DEC 2014
... investors to control their own affairs without too much probing from the regulator, but in return there is to be no compensation scheme if things do turn sour. Where SMSFs have been getting unwanted attention is the scrutiny of the amount of tax they ...