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Showing 641 - 650 of 913 results for "Compensation"

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 ...

CBA boss to be grilled on Senate report

AAP  |  THURSDAY, 3 JUL 2014
... Bishop, said CBA failed to open its books and fully identify the number of clients affected and those entitled to compensation. He said the bank's focus was on downplaying the extent of wrongdoing and minimising the amount of compensation it had to pay. ...

Inquiry sees spike in demand for legal action against CBA

LAURA MILLAN  |  WEDNESDAY, 2 JUL 2014
... advice, but adding that they would have lost more if they had been given appropriate advice, so they're not entitled to compensation." The solicitor said that the cases of bad advice that have surfaced recently are only "the tip of the iceberg." He said ...

Senate inquiry reccommends Royal Commission into CBA

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
... clients affected or likely to be affected by the misconduct, as well as for an assessment of the appropriateness of the compensation amounts and the compensation processes. The independent judiciary inquiry or Royal Commission should also "make recommendations ...

Morningstar launches stewardship ratings in Australia

STAFF WRITER  |  TUESDAY, 24 JUN 2014
... financial leverage, investment strategy, investment timing and valuation, dividend and share buyback policies, execution, compensation, related party transactions, and accounting practices. "The stewardship rating enables Australian and New Zealand advisers ...

Financial Wisdom to face class action for poor advice

LAURA MILLAN  |  MONDAY, 16 JUN 2014
... Limited advisers because the CFP EU applied to CFP only." CBA informed that cases where customers were not offered compensation were assessed in accordance with Project Hartnett's remediation methodology and that the process was validated by the independent ...

Federal Court reduces Wealthsure compensation

STAFF WRITER  |  TUESDAY, 3 JUN 2014
The Federal Court has reduced the compensation amount that Wealthsure will need to pay to two of its former clients. The court determined that Wealthsure, financial adviser David Bertram and its directors are "concurrent wrongdoers in relation to the ...

CBA does not address "sketchy" info allegations

LAURA MILLAN  |  THURSDAY, 29 MAY 2014
... Financial Planning and CBA-owned Financial Wisdom customers were offered $5,000 to pay for an independent review of their compensation, that not all received written communications and that an independent accountancy expert did not oversee Financial ...