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Showing 81 - 90 of 247 results for %22Financial Sector Union%22

More clarity needed on NAB redundancies

JAMIE WILLIAMSON  |  FRIDAY, 3 NOV 2017
The Financial Sector Union of Australia is concerned with NAB's lack of detail provided around plans to cut almost 20% of its staff by 2020. The FSU responded to the news of planned job cuts by demanding urgent talks with NAB chief executive Andrew ...

Labor, FSU call for Royal Commission

KARREN VERGARA  |  TUESDAY, 29 AUG 2017
... Commission. The past 18 months have seen more than $300 million in fines or compensation paid from across the banking and financial services sector, she said in a statement. But not even the serious allegations of breaches of anti-money laundering and ...

Government names advice standards chief

ALEX BURKE  |  MONDAY, 14 AUG 2017
The Financial Adviser Standards and Ethics Authority (FASEA) is welcoming its inaugural chief executive. Deen Sanders, currently assistant commissioner of the Professional Standards Authority of Australia, will take on the role at FASEA on September ...

CBA faces anti-money laundering allegations

EMMA RAPAPORT  |  FRIDAY, 4 AUG 2017
... place, businesses are at risk of being misused for criminal purposes," Clark said. "AUSTRAC's goal is to have a financial sector that is vigilant and capable of responding, including through innovation, to threats of criminal exploitation." In one account ...

Brexit endangers EU asset manager passport

KARREN VERGARA  |  MONDAY, 10 JUL 2017
Australian financial services companies relying on regional headquarters in London to access the European Union - essentially 28 countries - hangs in the balance once Brexit is finalised. Statistics from the Financial Conduct Authority show about 5500 ...

FoFA should also protect retail banking customers: FSU

KARREN VERGARA  |  THURSDAY, 29 JUN 2017
... Finance Sector Union. Speaking at yesterday's Senate inquiry into consumer protection in the banking, insurance and financial sector, FSU national secretary Julia Angrisano called for consistency in regulating pay models that encourage poor behaviour ...

FSU calls out NAB for lack of standards

JAMIE WILLIAMSON  |  TUESDAY, 20 JUN 2017
Any compliance breaches made by NAB Financial Planning around the incorrect witnessing of Beneficiary Nomination forms prior to 31 May 2017 should not be included in the new conduct background check protocol. That is the view of the Finance Sector Union ...

Governance professional joins SMSFA board

EMMA RAPAPORT  |  THURSDAY, 1 JUN 2017
... director of Gateway Credit Union, joins the SMSF Association board effective 1 June 2017. She brings more than 20 years of financial services experience to the board including a senior role at Macquarie Bank where she founded and led the direct retail ...

Government fintech agenda spotlights microbanking

ALEX BURKE  |  TUESDAY, 9 MAY 2017
... Additional provisions include enhancing the regulatory sandbox for fintech companies by allowing testing of holistic financial advice, consumer credit issuance, short-term deposit and CSEF intermediary services. "This will reduce regulatory hurdles which ...

Unconscionable super cross-selling will continue: ISA

KARREN VERGARA  |  THURSDAY, 20 APR 2017
... Super Australia chief executive David Whiteley said super should logically be subject to stronger protections than other financial products. "It is a tall order to ask staff to both meet sales targets and genuinely serve customer needs when the products ...