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Showing 621 - 630 of 1330 results for "AFFECTED"

ASIC and CBA discussing potential advice problem

EMMA RAPAPORT  |  TUESDAY, 15 AUG 2017
... statement was kept short, noting: "we continue to discuss this topic with ASIC". It is unclear how many customers may be affected. The bank also listed details of a new notification to ASIC that it may not have sent official insurance cancellation notices ...

ANZ foots compensation bill

KARREN VERGARA  |  FRIDAY, 11 AUG 2017
... balances correctly for about 160,000 customers. The corporate regulator first announced in March 2016 that about 1.3 million affected OnePath customers between 2013 to mid-2015 required refunds and compensation of $4.5 million, and remediation of $49 ...

AIA announces pricing changes

KARREN VERGARA  |  MONDAY, 7 AUG 2017
... clients. New members joining the Priority Protection and Priority Protection for Platform Investors products will be affected by the changes. Existing policyholders will not be impacted, the life insurer said. Under its newly introduced large sum insured ...

Douglass makes case for Magellan turnaround

ALEX BURKE  |  WEDNESDAY, 2 AUG 2017
... justification for a fund based on a more concentrated portfolio of stocks - even if, as was the case last year, performance is affected by the fact that the fund "looks nothing like the MSCI World Index." Discussing performance over the past 10 years ...

ACSI urges investor action on slavery, warns of financial risks

EMMA RAPAPORT  |  TUESDAY, 1 AUG 2017
... Act in Australia, ACSI chief executive Louise Davidson said: "Slavery has a devastating impact on the lives of those affected. It is shocking to consider its continued prevalence in this day and age." "Overall, self-monitoring and self-reporting have ...

Labor cracks down on discretionary trusts

KARREN VERGARA  |  MONDAY, 31 JUL 2017
... Non-discretionary trusts such as deceased estates, special disability, farm, charitable and fixed trusts will not be affected. He added the proposed policy is building on the reforms of former Treasurer John Howard back in the early 1980s, which penalised ...

Government cracks down on salary sacrifice loophole

EMMA RAPAPORT  |  FRIDAY, 14 JUL 2017
... prevalence of this practice, analysis provided by Industry Super Australia in December 2016 claims that 360,000 Australian are affected by the practice, costing them $1 billion in lost payments. The Working Group itself does not have evidence that the ...

ASIC calls on NAB to improve disclosure

JAMIE WILLIAMSON  |  FRIDAY, 7 JUL 2017
... log in to their accounts on the MLC website for a three-month period. The institution will also write to the remaining affected customers currently invested in related products to acknowledge the issue and provide corrective disclosure. Commenting, ASIC ...

Beacon merges with Libertas

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2017
... Planning director Mark Euvard told Financial Standard it will be business as usual for Libertas and that staff will not be affected by the merger. It has about 70 authorised financial services licensees. The new group is reported to have more than 200 ...

FoFA should also protect retail banking customers: FSU

KARREN VERGARA  |  THURSDAY, 29 JUN 2017
... consent over 15 years. Wells Fargo announced in March it had settled the class action for US$142 million for customers affected. Angrisano added the number of FSU members who are suffering from severe medical issues as a result of arbitrary sales targets ...