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Showing 1101 - 1110 of 3244 results for "Employee"

Westpac to pay $9.5m for Corps Act breaches

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
Westpac has been ordered by the Federal Court of Australia to pay $9.15 million over poor financial advice provided by just one former adviser. The court case relates to poor financial advice provided by Sudhir Sinha which breached the best interest ...

Pay jockeys super: Federal Court

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
The Full Federal Court has ruled that horse racing clubs and state racing boards are required to pay superannuation for jockeys. The court upheld the Australian Tax Office's super guarantee charge assessments in regards to riding fees paid to jockeys ...

Government fund adds to board

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
A $44 billion superannuation fund has added a public sector expert to its board. Stewart Little has joined the State Super board. He brings 18 years of experience in the public sector to the director position. "Stewart understands the needs of public ...

MLC Life loses super fund mandate

KANIKA SOOD  |  MONDAY, 16 DEC 2019
... at least two super fund mandates: for the $6 billion Maritime Super where it replaced AIA Australia and the Generali Employee Benefits (GEB) scheme. OnePath Life was renewed as the insurer for Virgin Money Super in November, and completed its transition ...

Government fund appoints new chair

KANIKA SOOD  |  MONDAY, 16 DEC 2019
A $110 billion superannuation fund has appointed a new chair as it continues to sound out another fund for a potential merger. Don Luke is taking over as the chair of QSuper as incumbent chair Karl Morris steps down after two terms. Luke was most recently ...

CBA underpayments reach $53 million

ELIZA BAVIN  |  MONDAY, 16 DEC 2019
The Commonwealth Bank of Australia will commence payments of a further $14.9 million as employee underpayments surpass $53 million. The bank said it has notified and repaid approximately 41,000 current and former employees, leave balances have been ...

Westpac directors slammed

ALLY SELBY  |  THURSDAY, 12 DEC 2019
... board has become a proxy for culture at Westpac," she said. "You have presided over a culture where a junior technology employee in Westpac's Global Transaction Services division did not think it appropriate to report that money transfers with Standard ...

BT Super announces new admin fees

ELIZABETH MCARTHUR  |  MONDAY, 9 DEC 2019
BT Super has announced a new admin fee schedule for BT Super and Asgard Employee Super members. The new fee schedule will be implemented as part of BT's simplification and migration program to BT Super. The migration program will see BT migrate ...

Industry fund publicly shames investment adviser

ELIZABETH MCARTHUR  |  MONDAY, 9 DEC 2019
A $3.3 billion industry superannuation fund revealed it has put an investment adviser on watch in relation to ESG concerns. First Super said Orbis Investment Advisory is on watch due to its approximately 23% holding in XPO Logistics. XPO Logistics is ...

The secret to super outperformance

ELIZABETH MCARTHUR  |  FRIDAY, 6 DEC 2019
... responsible investment professional has quadrupled in the last three years. In 2016, just 12% of funds had a dedicated employee for responsible investing, in 2018 that number was up to 48% and now that number now sits at 93%. Australian Ethical, AustralianSuper ...