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Showing 61 - 70 of 132 results for %22Compensation Program%22

CBA offers $9.4m in compensation

ALEX BURKE  |  MONDAY, 5 SEP 2016
CBA has provided an update on its Open Advice Review, saying it has offered $9.4 million in compensation to customers. The bank contacted 350,000 at the review's outset, 8,600 of whom requested a review. So far, 5,300 of those requested assessments ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 10 AUG 2016
... Productivity declined at an annualised rate of 0.5% in the second quarter as output grew less than hours worked or compensation. The second quarter result is much less than market expectations for a 0.5% increase and marked the third straight quarter ...

Police TPD claims in focus

DARREN SNYDER  |  TUESDAY, 2 AUG 2016
... actions and feelings in daily life. One former NSW Police officer said he left the force in 2011, and later submitted a compensation claim for his illness under his employer's superannuation scheme with insurance managed by MetLife. The claim continued ...

CalPERS names new chief executive

DARREN SNYDER  |  FRIDAY, 15 JUL 2016
... service career as a benefits administrator with the Washington State Department of Labor and Industries managing compensation and benefit programs for public employees across 26 locations. Frost is a Washington native and is pursuing dual bachelors and ...

CBA offers more than $4m in compensation

KERRIE SYDEE  |  THURSDAY, 2 JUN 2016
The Commonwealth Bank of Australia (CBA) has offered $4,857,974 in compensation as part of its Open Advice Review program, which has seen over 9000 cases submitted for review. CBA independent expert, Promontory Financial Group, has released its fifth ...

ASIC orders HSBC remediation plan for "deficient" advice

ALEX BURKE  |  TUESDAY, 17 MAY 2016
... have their advice reviewed, and where instances of poor advice that led to financial loss are identified, to receive compensation. "The independent expert will assess the adequacy of the remediation program, HSBC's compliance with the EU, and will report ...

Banks launch major consumer protection program today

ALEX BURKE  |  THURSDAY, 21 APR 2016
... broaden external dispute resolution schemes and "evaluate the establishment of an industry wide, mandatory last resort compensation scheme covering financial advisers." Banks will also work with ASIC to expand the regulator's review of customer remediation ...

CBA says most customers received appropriate advice

ALEX BURKE  |  TUESDAY, 2 FEB 2016
... Financial Group, is based on the nearly 2,000 assessments completed by 31 December 2015; of that number, 171 offers of compensation (amounting to $2.9 million) were made. Since the review's inception the program has received 23,221 expressions of interest ...

More CBA-aligned advisers under scrutiny

DARREN SNYDER  |  THURSDAY, 17 DEC 2015
... Commonwealth Financial Planning (CFPL) and Financial Wisdom (FWL) are to be reviewed for potential inclusion in a compensation program. This is the key finding in KordaMentha Forensic's second report on past activities by the two Commonwealth Bank (CBA) ...

ASIC grilled on whistleblower compensation

LAURA MILLAN  |  MONDAY, 9 NOV 2015
Financial compensation for corporate whistleblowers is back on the agenda after the Senate Economics Committee grilled representatives from the Australian Securities and Investments Commission (ASIC). At the latest Senate Economics Committee hearing ...