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Showing 21 - 30 of 59 results for "Bill for"

SG increase means lower wages: Grattan

HARRISON WORLEY  |  MONDAY, 3 FEB 2020
... under-performing economy, or weaker bargaining power among workers - helps explain why employers would foot any more of the bill for higher compulsory super this time around. "If employers aren't willing to offer large pay rises today, it's hard to imagine ...

Goldman Sachs $1b corruption bill

ELIZA BAVIN  |  THURSDAY, 16 JAN 2020
Goldman Sachs has taken a fresh US$1 billion blow to its quarterly profit, as the bank foots the litigation bill for its involvement in the ongoing 1MDB corruption scandal. The US-based bank posted quarterly revenue of US$9.96 billion, beating expectations ...

AMP cuts ongoing advice agreements

ELIZABETH MCARTHUR  |  FRIDAY, 6 DEC 2019
... advice remediation costs as a result of evidence produced at the Royal Commission. That takes AMP's total remediation bill for financial advice to $778 million. An early estimate from the Royal Commission stated that AMP's remediation costs were ...

Adviser tampered with MySuper

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
... and Tran's conduct effectively required clients to opt-out, ASIC said. His actions resulted in a $366,000 compensation bill for Aon Hewitt Financial Advice. "Of the minority of clients who responded to Aon Hewitt, most indicated they now wished to switch ...

Licensee faces hefty remediation bill

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 SEP 2019
Australian financial services license holder ClearView Financial Advice has been hit with a remediation bill for $730,000. ClearView's review and remediation program for over 200 clients who received poor life insurance advice resulted in the figure. ...

AFA, FPA slam haste in ending grandfathered commissions

KRISTI CHENG  |  FRIDAY, 2 AUG 2019
... them through their investment fees just because a financial adviser stops receiving commissions. He also criticised the bill for making no provision to prevent the possibility that retirees could lose more by giving up favourable tax and pension treatments ...

State Street cops $125m penalty

JAMIE WILLIAMSON  |  WEDNESDAY, 3 JUL 2019
... conduct to the regulator and cooperated with the SEC throughout the investigation. "For years, State Street sent clients a bill for expense reimbursement, without disclosing that State Street had added extra compensation for itself - compensation that ...

NAB initially under-reported remediation bill to ASIC

KANIKA SOOD  |  MONDAY, 13 AUG 2018
... report featuring other banks as well. The NAB executive did not tell Tanzer the bank's estimate for its total compensation bill for the plan service fees. Neither did he put NAB's dollar estimate in writing. Instead Hagger told the ASIC officer that ...

Fees for no service compensation unfinished business: ASIC

DARREN SNYDER  |  THURSDAY, 17 MAY 2018
... Australian Council of Superannuation Investors (ACSI) conference in Sydney this morning. He said the $220 million compensation bill for fees for no service will continue to rise. The chair also reiterated ASIC is working towards delivering an accountability ...

RECAP: Advice in the Royal Commission spotlight (Days 6- 9)

KANIKA SOOD  |  FRIDAY, 27 APR 2018
... to disclose Meyn's conduct to FPA, of which he later became a member. Meanwhile, ANZ said it anticipated a $50 million bill for RC-related legal and other costs. IOOF updated the market on its proposed acquisition of the ANZ wealth management business ...