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Showing 161 - 170 of 496 results for "Bonus"

ASA to vote against AMP remuneration

HARRISON WORLEY  |  FRIDAY, 26 APR 2019
The Australian Shareholders Association is set to take a swing against AMP at the wealth manager's AGM next week. ASA will vote against AMP's remuneration report at its annual general meeting next Thursday, as it harbours ongoing concerns about culture ...

Financial adviser salaries revealed

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2019
... bonuses, Kaizen said, with benchmark salaries now more likely to be based on a balanced scorecard method. "The change in bonus structure is attributed to the RC as firms are ensuring the clients are serviced in a compliant manner mitigating risk to the ...

AMP overhauls wealth leadership

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
AMP has announced five new appointments to its wealth management leadership team. Dedicated to providing better experiences and outcomes for clients, AMP has built out the executive team charged with overseeing its troubled wealth management business. ...

Top staff at Regal get equity

KANIKA SOOD  |  FRIDAY, 22 MAR 2019
Regal Funds Management's key people have just acquired equity stakes in the boutique for the first time, after Phil King's family bought back a 30% stake from Ascalon. The King Family trust took 100% ownership of the boutique in October. As ...

AMP scraps bonuses

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAR 2019
AMP will no longer be awarding incentives for leadership teams. Meanwhile, former executives have forfeited long and short term incentives and fees paid to board directors have been reduced. In its 2018 annual report chairman David Murray wrote: "The ...

Amendments to retirement income law assent

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... reflects the value of the products. The amendments also expands access to the Pension Loans Schemes and increases the Work Bonus to $300 per fortnight, an also extends the Work Bonus to include income from self-employment and work undertaken as an independent ...

Sole purpose test divides industry

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... promotional offer to members of a super fund exposed the grey areas of superannuation regulation, as the industry debates whether bonus frequent flyer points schemes breach the sole purpose test. AustralianSuper is currently offering 20,000 Qantas points ...

Super funds wield bank remuneration stick

DARREN SNYDER  |  FRIDAY, 21 DEC 2018
The first strikes against executive remuneration at ANZ, NAB and Westpac recently show Australia's superannuation funds are cutting through when it comes to shareholder voting prowess. NAB recorded the highest ever vote (88%) against a remuneration ...

New Bill bolsters retirement income

KARREN VERGARA  |  THURSDAY, 6 DEC 2018
... Legislation Amendment (Supporting Retirement Incomes) Bill 2018 proposes three main measures to lifetime income streams, the work bonus and pension loans scheme. The Bill is proposing a new means test rules ahead of a wider range, and possibly more complex ...

ANZ hid reasons for executive pay cuts

KANIKA SOOD  |  THURSDAY, 29 NOV 2018
... he cited a letter to be sent out to ANZ staff members as it decides bonuses. It will include details on the size of the bonus pool for the year, how it was allocated, broad decisions made - but it will not spell out the names or roles of the erring executives. ...