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Showing 621 - 630 of 900 results for "Compensation"

ASIC cracks down on advisers over PI insurance

LAURA MILLAN  |  THURSDAY, 7 AUG 2014
... Associates and Accountants Plus. ASIC also referred three licensees for further action for failure to have adequate compensation arrangements and released, or is in the process of releasing, 54 security bonds. It also prompted 17 entities to voluntarily ...

Integrate next-gen insurance policies into NDIS

ALEX DUNNIN  |  THURSDAY, 7 AUG 2014
... ourselves well publicly," she added. An example is could life insurance operate on an incentivised model like workers compensation insurance? Another is recognising that many clients don't appreciate the distinction between life and health insurance ...

Claims against advice arm have no factual basis: Macquarie

LAURA MILLAN  |  MONDAY, 4 AUG 2014
... EU with the regulator. "Given that ASIC did not, until recently, fully understand how the CBA was implementing its compensation schemes for clients affected by the CFPL scandal, the committee doubts ASIC is fully aware of the Macquarie business and remediation ...

CBA whistleblower casts doubts over compensation scheme

LAURA MILLAN  |  THURSDAY, 24 JUL 2014
... Morris argued that "neither CBA nor [the Australian Securities and Investments Commission] ASIC should be involved in compensation," given concerns expressed by the Senate Economics Committee over past programs headed by CBA and overviewed by the regulator. ...

Retired High Court judge to chair CBA review panel

LAURA MILLAN  |  FRIDAY, 11 JUL 2014
... review by the independent review panel, led by Callinan, which will review individual cases and determine whether compensation is payable and, if so, how much. "The Honourable Ian Callinan has demonstrated throughout his career an outstanding ability ...

Macquarie rebukes advice, compliance concerns

LAURA MILLAN  |  TUESDAY, 8 JUL 2014
... compliance culture." "Given that ASIC did not, until recently, fully understand how the CBA was implementing its compensation schemes for clients affected by the CFPL scandal, the committee doubts ASIC is fully aware of the Macquarie business and remediation ...

CBA reaction too slow, too little, too late

LAURA MILLAN  |  FRIDAY, 4 JUL 2014
... added, and noted that "for a long period there was denial." The Financial Planning Association (FPA) welcomed CBA's compensation commitment, but called for an increase of education requirements at the bank's financial planning businesses. "We have proposed ...

CBA's Narev leaves key questions unanswered

LAURA MILLAN  |  FRIDAY, 4 JUL 2014
... could potentially apply for a review of their advice processes, or how much CBA estimates it will have to pay for compensation. "We're confident that it won't be material from a shareholder perspective," he said. He also avoided to answer if there will ...

FPA calls for industry summit to restore trust in advice

LAURA MILLAN  |  THURSDAY, 3 JUL 2014
... joint committee with CBA to commence the process of identifying all clients and establishing fair and reasonable compensation." He said that the FPA will volunteer senior members of the organisation to serve on the working group in order to ensure proper ...

CBA opens up compensation review to all advice clients

LAURA MILLAN  |  THURSDAY, 3 JUL 2014
... the results of the review will have access to a further review by an independent panel which will determine whether compensation is payable and, if so, how much. Customers will also be able to take the matter to the Financial Ombudsman Service. Narev ...