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Showing 101 - 110 of 496 results for "Bonus"

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 ...

Westpac discovers additional transaction irregularities

ALLY SELBY  |  TUESDAY, 28 JUL 2020
Westpac's money laundering woes continue to worsen, with the bank today announcing it has uncovered hundreds of thousands of additional transactions of $10,000 or more that are "incomplete or inaccurate" to AUSTRAC. After further investigation, the ...

Stimulus, ERS pushes spending up 17%

ELIZABETH MCARTHUR  |  TUESDAY, 21 JUL 2020
... spending in Australia was up 17%. However, so much of this increase came from people taking out their super and receiving bonus $750 payments that without these stimulus measures there would have actually been a decrease in spending. When those who were ...

Perpetual top brass cop six-month pay cuts

KANIKA SOOD  |  FRIDAY, 17 JUL 2020
Perpetual chief executive Rob Adams and chair Tony D'Aloisio are taking a 20% cut on their base salaries for six months from July 1, as the company also shrinks variable remuneration company-wide in response to COVID-19. The rest of the group executive ...