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Showing 91 - 100 of 489 results for "Bonus"

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 ...

Chief executives cop pay cuts

ANNABELLE DICKSON  |  FRIDAY, 7 AUG 2020
... value of any equity that vested during the reporting year. The number of eligible ASX200 chief executives who did not get a bonus drastically increased from seven to 25. From the ASX100, 12 chief executives did not receive a bonus, up from one the previous ...

BDM salaries to drop

JAMIE WILLIAMSON  |  WEDNESDAY, 5 AUG 2020
... bonuses range between 30% and 50% of base salary with a few exceptional BDMs receiving more than 75% of their base salary as a bonus. Business development associate's (BDAs) bonuses normally range between 10% - 20% of their base salary," Riva said.

Adviser salaries unchanged: Research

ELIZABETH MCARTHUR  |  TUESDAY, 4 AUG 2020
... to a balanced scorecard method that looks at financial and non-financial performance metrics. Kaizen said the change in bonus structures could be attributed to the Royal Commission as firms are ensuring clients are serviced in a compliant manner mitigating ...