|Search Results||Showing 1 - 10 of 23 results for "Compensation Program"|
|... time value of money at ASIC's directed rate of RBA cash rate + 6% and committed costs to resource the compensation program," IOOF said. Chief executive Renato Mota said aligned dealer group remediation costs are largely longstanding historic structural ...|
|... million cost to reimburse 8500 clients.This bill has swollen to $46.8 million as at February 2018 but the compensation program is nearing completion, ASIC said. ASIC also ordered the bank to pay $3 million to not-for-profit community organisations, taking ...|
|Australia's major financial services institutions are taking too long to remediate customers over their fee-for-no-service issues and ASIC is not pleased. The corporate regulator released an update to the "further review" programs currently underway ...|
|... its Prime Access Clients, also copping an enforceable undertaking from ASIC. At the time, ASIC said the compensation program was "nearing completion". ANZ anticipates $50 million in legal costs stemming from the Royal Commission for the year ending September ...|
|... million cost to reimburse 8500 clients. This bill has swollen to $46.8 million as at February 2018 but the compensation program is nearing completion, ASIC said. ASIC, today, also ordered the bank to pay $3 million to not-for-profit community organisations ...|
|... confirms the licensees correctly identified that customers of the five advisers should be included in a compensation program. The current round of compensation is in addition to $4.97 million offered to customers from other advisers reported in KordaMentha's ...|
|... 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) ...|
|The compensation program set up by Commonwealth Bank (CBA) to compensate victims of bad advice has reviewed over 8,800 cases and compensated only 19 clients. In total, the bank has offered $950,252 in compensation, but paid $488,815 as of 31 August ...|
|ASIC's actions against the financial services industry have decreased by 10% in the first half of 2015, from 90 in the previous six months to 81. Referencing the compensation programs underway at Macquarie and CBA, ASIC noted in its half-yearly enforcement ...|
|... undertaking (EU) with Macquarie Private Wealth (MPW) in place since January 2013. At the time, Macquarie's compensation program was considered the most comprehensive within the industry because it went back to March 2, 2004, when MPW obtained its Australian ...|
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Australia's superannuation sector is fighting a war on three different fronts, as the economic fallout of COVID-19 continues to bite.
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Significant hikes in group insurance premiums have been put down to the Protecting Your Super reforms - with members of four superannuation funds facing premium increases of 34%.
APRA has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation.
Zenith Investment Partners wants to reverse out of its planned $12 million purchase of Chant West's superannuation business, saying the latter has been materially affected since February, but Chant West is digging its heels in.
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