Search ResultsShowing 1 - 10 of 17 results for "Sedgwick"
Banking remuneration practices to blame for misconduct
MICHELLE BALTAZAR  |  FRIDAY, 28 SEP 2018
... drew on the Future of Financial Advice (FoFA) reforms of 2012; the Banking Executive Accountability Regime (BEAR); and Sedgwick Review released in April 2017 suggesting that both the regulators and the banks have fallen short of addressing the problem. ...
Industry welcomes final Better Banking report
HARRISON WORLEY  |  WEDNESDAY, 18 APR 2018
... also outlined that the report demonstrated the commitment of Westpac in implementing the recommendations of the 2017 Sedgwick Review, which found that some retail banking practices promoted unacceptable behaviours and required urgent change "While we ...
Mercer appoints head of superannuation
ALEX BURKE  |  WEDNESDAY, 21 MAR 2018
... finance and TAL's general manager, product and marketing. He has also held actuarial roles at Trowbridge Consulting and Sedgwick. In his new role, Stevens will work on expanding the services and global partnerships Mercer provides for its master trust ...
Independent expert awaits bank remuneration guidelines
ALEX BURKE  |  FRIDAY, 19 JAN 2018
... measures of the package of industry initiatives, with an increasing focus being the development of responses to the Sedgwick Review recommendations and early efforts to change policies and practices in order to align to the revised Code of Banking Practice." ...
Bankers told to spread positive message
DARREN SNYDER  |  MONDAY, 24 APR 2017
... of two key independent reviews into the Code of Banking Practice (Khoury Review) and retail bank staff remuneration (Sedgwick Review), which will result in significant benefits to customers. Three additional initiatives to build on the 'Six Point Plan' ...
Unconscionable super cross-selling will continue: ISA
KARREN VERGARA  |  THURSDAY, 20 APR 2017
The Sedgwick Review failed to address some of the "unconscionable" remuneration practices undertaken by banks to cross-sell superannuation products and nothing is being done to curb this, Industry Super Australia says. In response to the independent ...
Banks must overhaul product-based incentives
KARREN VERGARA  |  WEDNESDAY, 19 APR 2017
... inconsistent with good customer outcomes and should be changed urgently. These are the latest findings as part of the Sedgwick Review, and form an extensive investigation between staff remuneration and products sold to retail and small business customers. ...
Banking scrutiny to escalate: ABA
KARREN VERGARA  |  THURSDAY, 6 APR 2017
... are contradictory. Some of the ABA's banking reforms include the Khoury Review with its 99 recommendations , and the Sedgwick Review, which aims to remove or change payments and bonus schemes that reward or incentivise poor customer outcomes (final report ...
Product conflicts in retail banking: ABA report
ALEX BURKE  |  THURSDAY, 19 JAN 2017
... the Future of Financial Advice reforms. The report, written by former Australian Public Service Commissioner Stephen Sedgwick, has in its own words "tentatively identified" practices in some retail banking businesses where product sales incentives have ...
Pillar sold to Mercer
DARREN SNYDER  |  FRIDAY, 2 DEC 2016
... of its superannuation clients and members." Mercer has a track record of acquisitions including Cullen Egan Dell and Sedgwick and Mellon, yet a potential Pillar purchase raised the eyebrows of the Australian Competition and Consumer Commission in October. ...
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