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Showing 91 - 100 of 492 results for "Bonus"

ISA calls SG increase delay a tax grab

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 JAN 2021
Industry Super Australia says a failure to make the planned increase of the super guarantee to 12% compulsory is a "tax grab" by the government. According to ISA, making the increase to 12% optional will result in the average Australian family paying ...

Finance sector has largest pay gap

ELIZABETH MCARTHUR  |  FRIDAY, 27 NOV 2020
The financial services sector has taken the inauspicious title of being the industry with the largest gender pay gap. According to the Finance Sector Union (FSU), COVID-19 has had a disproportionate event effect on women, causing a "pink recession". ...

Kogan execs chase big bonuses

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
Online retailer Kogan, which has recently expanded into superannuation, has faced shareholder revolt over the bonuses it wants to pay its executives. Kogan was one of the few businesses to relatively benefit from COVID-19, thanks to an uptick in online ...

Stockpicker pay cheques revealed

KANIKA SOOD  |  TUESDAY, 17 NOV 2020
... roles received bonuses of 112% of their salary on average. But sadly a third CIOs or head of equities surveyed said their bonus was zilch this year. The remaining received in the range of 50% to 200% of their salary. By comparison, 35 equities portfolio ...

Industry fund introduces tax incentive

KARREN VERGARA  |  TUESDAY, 17 NOV 2020
... providing a tax rebate for members who choose an account-based pension. Intrust Super's introduction of the Pension Transfer Bonus (PTB) is aiming to help members increase their retirement balances if they choose a Super Stream, an account-based ...

Westpac reaches $1.3bn AUSTRAC deal

ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
Westpac has agreed to pay a civil penalty of $1.3 billion in relation to its contraventions of the anti-money laundering and counter terrorism laws. As part of the agreement with AUSTRAC, Westpac has admitted to additional contraventions that were outlined ...

Super fund boss remuneration on the agenda

KARREN VERGARA, ELIZABETH MCARTHUR  |  FRIDAY, 11 SEP 2020
Two major superannuation funds are reviewing their remuneration structures as a result of COVID-19, which will potentially see many executive pay reduce, a public hearing found. Hostplus chief executive David Elia appeared before the House of Representatives ...

No bonus again for Platinum's Clifford

KANIKA SOOD  |  THURSDAY, 27 AUG 2020
Kerr Neilson's successor at Platinum Asset Management has forgone his variable awards for a second year in the row, as the ASX-listed fund manager reports a 1.3% dip in its profits for FY20. Andrew Clifford, who took over from Neilson as the chief investment ...

Calls for Rio chief to be sacked

ELIZABETH MCARTHUR  |  MONDAY, 24 AUG 2020
The release of a review into the destruction of sacred sites at Juukan Gorge by Rio Tinto has resulted in calls for the chief executive to be sacked. The Australasian Centre for Corporate Responsibility (ACCR) said it was "appalled" at the internal ...

Magellan readies lower-cost funds

KANIKA SOOD  |  WEDNESDAY, 12 AUG 2020
... performance fees (33%). Expenses rose 15% to $116.8 million. Guidance for FY21 expenses is $110 to $115 million, as a result of no bonus deferral for FY20 and outstanding deferred bonuses paid out in FY20. Retail institutional split of its total FUM ...