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Showing 191 - 200 of 1112 results for "Remuneration"

Retail fund tops MySuper tables for FY21

KANIKA SOOD  |  MONDAY, 2 AUG 2021
... th on five- and seven-year horizons. Essential Super is currently in court, with ASIC alleging CBA used conflicted remuneration in breach of Corporations Act to distribute the fund to 390,000 customers. CBA denied the allegation in a March 11 case management ...

Super, ASIC beneficiaries of advice challenges: Hearing

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... next five years, I think we certainly do have an accessibility issue," Jacobsen said. When the discussion turned to remuneration, committee deputy chair Andrew Leigh asked how life insurance commissions differ from other forms of conflicted remuneration. ...

ASIC releases grandfathered arrangement findings

KARREN VERGARA  |  FRIDAY, 16 JUL 2021
... effect at the start of the year. ASIC found that 1227 financial products terminated their grandfathered conflicted remuneration (GCR), representing 96% of the total number of products, during its review period dated between 1 July 2019 to 31 December ...

Aware questioned on bonuses

ELIZABETH MCARTHUR  |  THURSDAY, 8 JUL 2021
... her bonus was $250,000. According to the Australian Financial Review, in financial year 2019 Graham earned total remuneration of approximately $1.3 million and Stewart earned total remuneration of just over $900,000. The report stated that several chief ...

Stonehouse acquires risk advice firm

KARREN VERGARA  |  MONDAY, 28 JUN 2021
... working" in it. Financial Standard recently wrote about the state of risk advice in its special feature. Changes to remuneration, education, compliance regimes and products, like income protection, have made it impossible for some advisers to keep their ...

Forex CT cops $20 million fine

ANNABELLE DICKSON  |  WEDNESDAY, 2 JUN 2021
... for engaging in a system of unconscionable conduct, including the use of high-pressure sales tactics, conflicted remuneration and failing to act in the best interests of clients. Forex CT chief executive, responsible manager and sole director Shlomo ...

Super fund risk culture "immature": APRA

ELIZABETH MCARTHUR  |  FRIDAY, 28 MAY 2021
... even encourages damaging behaviour." Smith said APRA has stepped up its focus on transforming governance, culture, remuneration and accountability across its regulated entity. The regulator's primary concern, she clarified, is risk culture - an entity's ...

ASIC takes action against Equiti

KARREN VERGARA  |  FRIDAY, 21 MAY 2021
ASIC is taking action against a financial services group for allegedly paying conflicted remuneration totalling $165,000 to its financial advisers who gave inappropriate SMSF and property advice. Equiti Financial Services (Equiti FS) - which is now ...

Budget no cure for hangover from last one

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... Member Meeting (AMM) Notice requirements that are part of Your Future, Your Super will mean funds have to disclose remuneration, marketing expenses, political donations, industry bodies and related parties. "There are implementation issues that must ...

CBA adds $32m to advice remediation bill

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
... 2020. The law firm Piper Alderman representing consumers alleged that Count Financial advisers failed to ensure their remuneration was free from conflict, among other failures that breached fiduciary duties.