Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 101 - 110 of 1112 results for "Remuneration"

ASIC appeal in CBA, CFS case dismissed

JAMIE WILLIAMSON  |  THURSDAY, 17 AUG 2023
Having had its initial conflicted remuneration case against Commonwealth Bank and Colonial First State dismissed in September 2022, ASIC's appeal of that decision has also now been dismissed. The case was first brought by ASIC in June 2020 and related ...

Trustees to disclose more remuneration details

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
... funds to provide more details into how they pay executives, particularly wanting deeper insight into how variable remuneration is rewarded. The prudential regulator has updated Prudential Standard CPS 511 Remuneration to reflect how it wants trustees ...

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  MONDAY, 17 JUL 2023
... that since the Commonwealth pays PPL to eligible workers - and compulsory super contributions rightly form part of remuneration - then it follows logically that the Commonwealth should make SG contributions under its PPL scheme," Elkins said. "We renew ...

Adviser demand up as industry turns corner: Recruiter

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
... and business in general, he said. In many instances, Recruit2Advice's clients are willing to increase upfront remuneration to $170,000-$180,000 to secure the best talent in the market capable of managing high-net-worth and sophisticated clients with ...

Allegro unveils PwC entity as Scyne Advisory

CASSANDRA BALDINI  |  TUESDAY, 4 JUL 2023
... non-executive directors are currently being interviewed and has plans to set up an audit and risk and people and remuneration sub-committees. "Any relevant findings of reviews being conducted by PwC into tax confidentiality matters will also be implemented ...

ASIC permanently bans David Sutton

ANDREW MCKEAN  |  TUESDAY, 4 JUL 2023
... was likely to mislead and didn't take reasonable steps to ensure McFaddens representatives didn't accept conflicted remuneration. The regulator added Sutton failed to exercise his power and discharge his duty with care and diligence in relation to his ...

IFM Investors names chair

CHLOE WALKER  |  MONDAY, 26 JUN 2023
... as an independent director. Bowtell, who currently serves as the group's deputy chair, chair of the people and remuneration committee and member of the IFM board's audit and risk committee, has been a director of the industry super fund-owned ...

Banned adviser told to stay put

CHLOE WALKER  |  FRIDAY, 16 JUN 2023
... paid by McFaddens for the sale of the unlisted securities and accepted some commissions that constituted conflicted remuneration. Finally, ASIC said he made false statements to the regulator during its investigation. It's alleged his conduct impacted ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... end of this year, including strengthening consumer protections by tightening exemptions to the ban on conflicted remuneration and standardising consumer consents for determining a 'sophisticated' client," he said. The removal of several layers ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... about the replacement SoA and the Financial Adviser Code of Ethics will be released in due course. As for conflicted remuneration, Jones accepted many components of Recommendation 13, whereby some exemptions to the ban on conflicted remuneration will ...