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Showing 1071 - 1080 of 4381 results for "Commonwealth"

CBA board ignored key issues in deciding executive pay

KANIKA SOOD  |  WEDNESDAY, 21 NOV 2018
The Commonwealth Bank board ignored major scandals besieging the bank when it approved the variable remuneration for its top executives for FY16, the Royal Commission heard. The bank's top executives were paid a fixed pay and variable pay split into ...

Royal Commission puts bonuses on notice

HARRISON WORLEY  |  TUESDAY, 20 NOV 2018
... balanced scorecard system achieved compliance rates 13 percentage points lower, at 62%. The research comes after Commonwealth Bank chief executive Matt Comyn became the latest finance executive to face Rowena Orr's pointed questioning at the Royal ...

Frydenberg splashes $50m to pursue financial services crime

HARRISON WORLEY  |  FRIDAY, 16 NOV 2018
... prosecuting financial misconduct. Treasurer Josh Frydenberg said an additional $51.5 million would be provided to the Commonwealth Director of Public Prosecutions (CDPP) and the Federal Court of Australia, in an effort to increase prosecutions of criminal ...

Former CBA Private advisers join Wilsons

HARRISON WORLEY  |  WEDNESDAY, 14 NOV 2018
... experience in providing financial advice to high-net-wealth individuals. In a media release, Wilsons said the two former Commonwealth Private advisers specialise in private wealth and portfolio management both in Australian and overseas markets. The ...

When aged care advice takes an emotional toll

KARREN VERGARA  |  TUESDAY, 13 NOV 2018
... a couple can have $282,000, he explained. For clients not eligible for the pension, advisers should consider the Commonwealth Seniors Health Card, which provides access to cheaper health care, discounts to electricity and gas bills, and public transport ...

Gender diversity in advice dormant

JAMIE WILLIAMSON  |  FRIDAY, 9 NOV 2018
... four banks have numbers approaching one third of their total adviser force. About 27% of the advisers aligned with Commonwealth Bank are female and women make up 26% of the advisers linked with both Westpac and NAB. Women account for more than one-third ...

Grattan says Aussies retiring comfortably, ISA responds

KANIKA SOOD  |  WEDNESDAY, 7 NOV 2018
... decline from 76% today to 57%by 2056," the report said. The report calls for a 40%increase in the maximum rate of Commonwealth Rent Assistance - worth more than $1,400 a year for a single retiree. It also wants to loosen the Age Pension assets test ...

Link, CBA ink $1.6bn PEXA deal

JAMIE WILLIAMSON  |  TUESDAY, 6 NOV 2018
... Australia's biggest bank will acquire Property Exchange Australia (PEXA) for $1.6 billion. Last month Link Group, Commonwealth Bank of Australia and Morgan Stanley Infrastructure Partners made an offer to acquire PEXA, which has now been accepted by ...

Macquarie to front Royal Commission

JAMIE WILLIAMSON  |  MONDAY, 5 NOV 2018
... organisations called upon by Commissioner Hayne for the final round are as below: AMP ANZ APRA ASIC Bendigo and Adelaide Bank Commonwealth Bank of Australia Macquarie Group NAB Westpac The seventh round of public hearings will be held in Sydney at the ...

Former adviser jailed, ASIC posts FY18 stats

KARREN VERGARA  |  THURSDAY, 1 NOV 2018
... decision shows this type of behaviour will be met with serious consequences," she said. The matter was heard before the Commonwealth Director of Public Prosecutions. In the 2017-18 financial year, ASIC said it undertook 22 criminal convictions, 13 custodial ...