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Showing 801 - 810 of 1330 results for "AFFECTED"

CBA apologies again, refutes reckless culture accusations

LAURA MILLAN  |  FRIDAY, 27 JUN 2014
... committee (...), casts serious doubts about whether the desired changes have taken root." CBA reiterated its apologies to the affected clients and said: "we deeply regret that some of our financial advisers did not provide quality advice to customers ...

Senate inquiry reccommends Royal Commission into CBA

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
... may amount to a breach of any law or professional standard." The report also asked for a review of all files of clients affected or likely to be affected by the misconduct, as well as for an assessment of the appropriateness of the compensation amounts ...

MetLife head of retirement products departs

JAMES FERNYHOUGH  |  THURSDAY, 19 JUN 2014
... product suite has been closed to new applicants. If you are an existing MetLife Max investor, your account has not been affected." The spokesperson said that there was some interest from independent financial advisers, and that some of the product sold. ...

AMP axes regional head of advice roles

LAURA MILLAN  |  WEDNESDAY, 18 JUN 2014
... "reevaluating where the best people need to be to best serve our planners" and highlighted that advisers will not be affected by the change. AMP head of financial planning in Victoria and Tasmania Thomas Reeh left in 2013 recently resurfaced as principal ...

Women to feel pain of scrapped LISC

JAMES FERNYHOUGH  |  MONDAY, 16 JUN 2014
Women and regional Australians will be the worst affected by the government's plan to scrap the Low Income Superannuation Contribution (LISC) scheme, according to Industry Super Australia (ISA). Using figures from the Australian Bureau of Statistics ...

Financial Wisdom to face class action for poor advice

LAURA MILLAN  |  MONDAY, 16 JUN 2014
... financial planning groups. The inquiry found out that CBA had been inconsistent in the process to compensate clients affected by bank's advisers. In a document gathering CBA's responses to the questions of notice during an inquiry hearing, the bank said ...

CBA and ASIC "sketchy" info delays inquiry conclusion

LAURA MILLAN  |  WEDNESDAY, 28 MAY 2014
... some time the CBA had not kept either the committee or ASIC fully informed about the compensation process for clients affected by serious misconduct within CBA's businesses." The committee expressed concern that "it may still not have a correct understanding ...

IFS caught investing in unregistered schemes

LAURA MILLAN  |  WEDNESDAY, 28 MAY 2014
... the matter in the interests of investors. IFS moved client funds to compliant investments in February 2014 and informed affected members about the change to their investment. No loss for members has been identified. Responsible entities operating under ...

CBA leads on client satisfaction despite planning scandals

LAURA MILLAN  |  TUESDAY, 27 MAY 2014
The scandals in Commonwealth Bank's (CBA) financial planning unit have not affected its clients' satisfaction, which is the highest of the big four banks. Clients rated their satisfaction with CBA advisers at 84.2% in the year to March 2014, a Roy Morgan ...

ASIC bans former Westpac trader

LAURA MILLAN  |  WEDNESDAY, 21 MAY 2014
... March 2011. Nambiar did not personally benefit from the trades, which were internal to Westpac, and no customers were affected. In 2010, Nambiar started work at Nomura Australia as an associate in its fixed income division. While employed at Nomura ...