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Showing 181 - 190 of 899 results for "Compensation"

Citi terminates staff super fund

JAMIE WILLIAMSON  |  TUESDAY, 29 AUG 2023
... out is to be paid back to Citigroup, as allowed for under its trust deed. While not commenting on specific employee compensation matters, a spokesperson for Citi said that the group, in conjunction with the fund's board of trustees and external consultants ...

Treasury names new ASIC commissioners

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
... panel for the Ramsay Review, which recommended the establishment of the Australian Financial Complaints Authority and Compensation Scheme of Last Resort. Constant has been with CBA for nearly three years and previously was in a similar role at NAB. Prior ...

Platinum AM chief executive steps down

CASSANDRA BALDINI  |  THURSDAY, 24 AUG 2023
... management. Staff costs were $16.6 million higher compared to the prior period, primarily due to higher variable compensation expenses because of strong weighted average investment performance for the one and three years ended 31 March 2023. Platinum ...

Westpac reports $1.8bn net profit, rise in stressed assets

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
... notable items, including one-off expenses tied to the cost reset initiative and charges related the Commonwealth's Compensation Scheme of Last Resort (CSLR). According to ASIC, the CSLR will provide compensation of up to $150,000 to consumers who ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
Financial advice firms are "problematically" sidestepping compensation payments after the Australian Financial Complaints Authority (AFCA) hands down a decision, using the excuse that they do not have professional indemnity insurance (PII). Out of 5400 ...

Bravura names chief executive

CASSANDRA BALDINI  |  FRIDAY, 28 JUL 2023
... position of chief executive at Class until its acquisition by HUB24 last year. Russell will receive a total fixed compensation of $750,000, complemented by a 33% short-term incentive plan. Additionally, he will receive a one-off grant of 2.5 million ...

Platinum loses $232m in FY23

CASSANDRA BALDINI  |  WEDNESDAY, 12 JUL 2023
... million. However, it flagged predictions of lower performance fees and higher expenses due to increased variable compensation costs arising. "As a result of strong investment performance for the year ended 31 March 2023, being offset by higher investment ...

Federal Reserve plans upping capital requirements

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... to the recent banking stress, including how we regulate and supervise liquidity, interest rate risk, and incentive compensation, as well as improving the speed, agility, and force of the Federal Reserve's supervision. I expect to have more to say ...

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... requirements be reduced," he said. "Their advice should however be "good advice" - or presumably they should pay customers compensation if it is not. This would seem to be a significant step forward. Government has currently agreed, in principle, to ...

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
The long-awaited Compensation Scheme of Last Resort (CSLR) has been enshrined in legislation, with consumer advocates calling it a "historic moment" for Australians. Passing the senate on June 22, the Treasury Laws Amendment (Financial Services Compensation ...