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Showing 121 - 130 of 5685 results for "Commission"

Trustees to disclose more remuneration details

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
... shine a light on the impact of risk failures and bad behaviour on remuneration outcomes. "The financial services Royal Commission demonstrated conclusively how poorly designed and executed remuneration frameworks can lead to bad outcomes for the community ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
... complaints received by AFCA relating to advice is reflective of the maturity of the industry, in particular post-Hayne Royal Commission," Singh said. "Over the past few years, AFSLs have come to see dispute resolution as an essential part of the system ...

Macquarie reports decline in earnings amid weaker trading

ANDREW MCKEAN  |  THURSDAY, 27 JUL 2023
... asset management division. Macquarie Capital, the group's investment banking division, also saw a reduction in fees and commission income. However, this was partially offset by an increase in income from its private credit portfolio. Nevertheless, Macquarie's ...

Industry grapples with looming cyber threats

CHLOE WALKER  |  THURSDAY, 27 JUL 2023
With the threat of cyber-attacks growing by the day, leadership teams in all areas of financial services are being urged to ramp up cybersecurity protections, with the regulators keeping a keen eye on their efforts. But while major institutions might ...

Insurance firms defy inflationary shocks

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2023
... year as policyholders age. "So as the clients get older, premiums go up, and life insurance companies are paid more commission," he said. As early as eight to 10 years ago, insurers became more aggressive. Level premiums also have seen their base rates ...

Tax miners, major corporates to tackle housing shortage: CFMEU

JAMIE WILLIAMSON  |  TUESDAY, 25 JUL 2023
The Construction, Forestry, Maritime, Mining and Energy Union (CFMEU) is calling for the introduction of a $28 billion annual super profits tax to close the gap in social and affordable housing. The CFMEU commissioned Oxford Independent Economics to ...

Treasury to 'modernise' individual tax residency rules

KARREN VERGARA  |  MONDAY, 24 JUL 2023
Treasury is proposing to revamp individual tax residency rules with a two-pronged approach and has opened up the changes for consultation. Under the new regime, the federal government intends to modernise and simplify the rules following a review from ...

ASIC continues to reprimand SMSF auditors

CHLOE WALKER  |  MONDAY, 24 JUL 2023
ASIC has cracked down on eight self-managed superannuation fund (SMSF) auditors for breaches of their obligations. Specifically, the regulator has disqualified five SMSF auditors and imposed additional conditions on three SMSF auditors for failing to ...

Monochrome files for first Bitcoin ETF in Australia

ANDREW MCKEAN  |  TUESDAY, 18 JUL 2023
... class with the appropriate financial services protections," Yew said. Meanwhile, in the US, the Securities and Exchange Commission (SEC) has been actively reviewing several applications for spot Bitcoin ETFs. Among the recent acknowledgements is an application ...

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
A joint regulatory review finds that superannuation funds are shrugging off the urgency to offer robust retirement income strategies and are failing to integrate this mandate into their business plans. One year since the Retirement Income Covenant took ...