Tag: we pay

Wealth managers’ costs for fixing scandals are set to soar – Business – ABC News (Australian Broadcasting Corporation)

Cash seized by police from a car in Sydney's west on November 20, 2009.

 

Remediation costs for Australia’s scandal plagued wealth mangers could more than double to $6b from current provisions
The modelling from Macquarie analysts is based on a figure of $750,000 remediation cost per advisor, dervived from Westpac’s experience
The biggest upgrades in provisions are expected to be made by AMP, ANZ and IOOF

via Wealth managers’ costs for fixing scandals are set to soar – Business – ABC News (Australian Broadcasting Corporation)

Nick Davies: ‘Churnalism has taken the place of what we should be doing: Telling the truth’ – Press Gazette| News Corp and Andrew Bolt are the great news pretenders.Our ABC is the last of real national and global news at reasonable cost.

Press Gazette has been reporting on British journalism without fear or favour since 1965. Our mission is to provide a news and information service which helps the UK journalism.

Source: Nick Davies: ‘Churnalism has taken the place of what we should be doing: Telling the truth’ – Press Gazette

Mining boom clean-up could cost taxpayers billions, says Australia Institute | Business | The Guardian

Report says mine sites may not be able to be successfully rehabilitated and warns of ‘big liabilities’

Source: Mining boom clean-up could cost taxpayers billions, says Australia Institute | Business | The Guardian