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Showing 51 - 60 of 475 results for "Remediation"

AustralianSuper to pay $4.2m for delayed claims handling

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... has made we have seen a 53% reduction in long standing claims since August 2023." The fund expects the death claims remediation program will be substantially completed by the middle of next year and a dedicated team has been established to support affected ...

Licensees pay $92m in compensation

ELIZA BAVIN  |  FRIDAY, 1 NOV 2024
... and covers licensee population reporting, breach identification and investigation, root causes, consumer impact and remediation efforts. During the period, licensees submitted 12,298 reports. Of these, 79% had a financial and/or non-financial impact ...

Operational risk reserve targets trimmed for larger funds

JAMIE WILLIAMSON  |  THURSDAY, 24 OCT 2024
... requirements of CPS 230 Operational Risk Management via ORFR, including the management and prevention of instances and remediation where weaknesses are identified.

TradingHub makes Australian debut

MATTHEW WAI  |  TUESDAY, 10 SEP 2024
... management at the ASX and most recently the executive general manager of one of Commonwealth Bank's financial crime remediation unit. "David and Michael's vast financial, regulatory and technology experience will not only help the Australian financial ...

Insignia Financial hires expert to boost brand exposure

MATTHEW WAI  |  WEDNESDAY, 28 AUG 2024
... halted dividends in the process and blamed transformation and separation costs for the loss, as well as an increased remediation bill.

ANZ hit with $250m capital penalty

ELIZA BAVIN  |  FRIDAY, 23 AUG 2024
... to reflect deficiencies in its risk governance. That capital add-on has remained in place as the bank implemented a remediation program, APRA said. However, despite the program being in place for several years, APRA flagged that it has yet to observe ...

Insignia Financial books $185m loss, halts dividends

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
The costs associated with the wealth giant's transformation and increased remediation provisions have resulted in a $185.3 million net loss and the need to pause dividends as it undertakes a strategic review. Releasing its full-year results to the ASX ...

FAAA to work with Treasury on CSLR

ELIZA BAVIN  |  FRIDAY, 16 AUG 2024
... manner and postponing the end date of Dixon's AFCA membership. "I must make it clear that we do not oppose the remediation of these Dixon Advisory clients, who have been poorly treated," Anderson said. "Getting to the bottom of this will only happen ...

Misconduct cases soar at CBA

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... relation to its previously owned advice practices. "The group recognised an increase in the provision for aligned advice remediation issues and program costs for $7 million. In addition, the group paid $137 million in customer refunds for ongoing service ...

FAAA calls on advisers: 'We ask for your support'

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
... "seemingly enabled multiple hundreds of extra claims in the final months." "I must make it clear that we do not oppose the remediation of these Dixon Advisory clients, who have been poorly treated. Our anger stems from these main objections," Anderson ...