What should Westpac do next?
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
Nine has made some interesting calls regarding on air talent since taking over, but the Finance Guru has been a revelation. Great practical insights for investors and small business owners... want to hear more of him.
Corbs1010 via Apple Podcasts · Australia · 08/25/20
Good to hear a lot of the facts about current affairs compared to tv broadcasting. You should leave out the sport as it has nothing to do with money / business / politics. I’d like to hear some high level topics off news- for instance “Australia -the worlds biggest nanny state”
murfgamer via Apple Podcasts · Australia · 05/01/19
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 pleaseRead full review »
Jordanesque1983 via Apple Podcasts · Australia · 11/26/16
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