What should Westpac do next?
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“Next time you speak with Brian Hartzer, ask his what provisioning has been allocated to the Securitor and Magnitude networks for client remediation??
Westpac/BT are still trying to assess how to measure their potential liability because for the past 4 years (since ASIC Notice 515 issued in 2015) they have been attempting to short circuit their responsibilities by ‘sample testing’ in numerous ways. These have been frustrating for staff and planners because it’s taken enormous resources and been completely unsuccessful. Having now ceased the AFSL’s and all planning businesses have disbanded to other licences, BT’s ability to access this information is extremely limited - they did not maintain any records or insist on advice/client records be kept in a consistent or measurable system until around 2017. 515 requires information back to 2008!!
It cannot be done accurately or in a timely manner.
So - Brian, what are you doing about this??”
TonyB1963 via Apple Podcasts ·
Australia ·
11/21/19
More reviews of Money News
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“Great podcast, and always love Ross's insights. Understand the need for adverts, but it really doesn't need to have them at 2-3 times the volume of the actual podcast. Sync them at the same volume please”Read full review »
Jordanesque1983 via Apple Podcasts ·
Australia ·
11/26/16
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“Feels like I’m listening to talk-back radio half the time.”
crumbed fish via Apple Podcasts ·
Australia ·
01/23/16
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“Love to see more everyday... but full program
Since Ross Greenwood left the Podcasts it’s been hard to beat . More full length shows would be great . Thank you 🙏🏼 we need more of these shows in Australia .”
slade12 via Apple Podcasts ·
Australia ·
05/28/21
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