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

Search Results

Showing 141 - 150 of 935 results for "Compensation"

FAAA 'frustrated' as Dixon inquiry delayed

ELIZA BAVIN  |  THURSDAY, 6 FEB 2025
... spoke out against the deferral, saying it was "frustrating". "In the context of the blow out in the cost of the [Compensation Scheme of Last Resort (CSLR)] and the overwhelming evidence of deep flaws in the design and implementation of the CSLR, this ...

CSLR review will scrutinise effect on businesses

KARREN VERGARA  |  MONDAY, 3 FEB 2025
The Compensation Scheme of Last Resort's (CSLR) funding model and how this impacts the businesses that support its operation will be centrepieces in Treasury's review. Treasury will also investigate how the CSLR is delivering on its intended ...

Jones instigates CSLR review, levy hits $70m

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
As new estimates show that financial advisers will have to fork out $70 million to fund the Compensation Scheme of Last Resort (CSLR) for the next financial year - breaching the $20 million cap - Treasury is now calling for a review of the controversial ...

The regulatory pendulum has swung too far: FSC

ANDREW MCKEAN  |  FRIDAY, 31 JAN 2025
... Foreign Investment Review Board processes for low-risk investments into Australia and reviewing and simplifying the Compensation Scheme of Last Resort (CSLR). A review of the CSLR was announced today. "The fact is the growing cost of the CSLR makes the ...

Government must commit to fixing CSLR: FAAA

MATTHEW WAI  |  THURSDAY, 23 JAN 2025
... (FAAA) general manager of policy, advocacy, and standards Phil Anderson is again calling on the government to fix the Compensation Scheme of Last Resort (CSLR). Th FAAA has previously highlighted three critical faults of the CSLR, including the scheme ...

FAAA accuses government of crucial CSLR failure

MATTHEW WAI  |  THURSDAY, 16 JAN 2025
... Advice Association of Australia (FAAA) believes the government may have failed in its obligations when introducing the Compensation Scheme of Last Resort (CSLR) by skipping a key step. Following a review of documents the FAAA obtained via Freedom of ...

The highest paying jobs in financial services: Data

ELIZA BAVIN  |  THURSDAY, 16 JAN 2025
... workforce," Robert Walters said. "Employers will need to balance the need for flexibility, career progression, and fair compensation in order to stay competitive and retain top talent." On the salary front, private equity firms are handing out the big ...

ESG linked to pay in top APAC listed firms

ROSE MARY PETRASS  |  WEDNESDAY, 15 JAN 2025
... institutional investors' expectations in each market," WTW managing director and global practice leader, executive compensation and board advisory Shai Ganu said. The global average for ESG-linked pay was 81%, while for North America it is 77%, and for ...

What you read in 2024

ELIZA BAVIN  |  FRIDAY, 20 DEC 2024
... Standard. AustralianSuper chief investment officer Mark Delaney was the top earner, receiving over $2 million in total compensation, according to research from Yellow Folder. UniSuper chief investment officer John Peace and Aware Super chief investment ...

ASIC sues Binance over customer protection failures

ELIZA BAVIN  |  THURSDAY, 19 DEC 2024
... right consumer protections in place. Many of these clients suffered significant financial losses. In 2023, we oversaw compensation payments by Binance of approximately $13 million to affected clients," Court said. "Crypto derivative products are inherently ...