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Showing 221 - 230 of 900 results for "Compensation"

CSLR establishment is critical: FPA

CHLOE WALKER  |  FRIDAY, 12 AUG 2022
The Financial Planning Association of Australia (FPA) has called out the urgent need for a broad-based Compensation Scheme of Last Resort (CSLR) following ASIC's recent notice for former Dixon Advisory clients to register any complaints with the ...

Contact AFCA now: ASIC urges Dixon Advisory clients

JAMIE WILLIAMSON  |  THURSDAY, 4 AUG 2022
... get in quick with their complaints to the Australian Financial Complaints Authority to ensure they're eligible for compensation. ASIC plans to write to former clients of Dixon Advisory to let them know that they must lodge a formal complaint with AFCA ...

Latest AFCA data shows big shifts in complaints

JAMIE WILLIAMSON  |  WEDNESDAY, 20 JUL 2022
... complaints and just over 71,000 of them were closed. The body's dispute resolution processes saw $207.73 million paid in compensation, which each complaint taking an average of 72 days to resolve.

Inflation a greater danger than recession: Powell

ANDREW MCKEAN  |  THURSDAY, 30 JUN 2022
... year," Lowe said. "But now, there's a very strong focus of at least in parts of the labour market of getting full compensation for higher inflation." Without a credible path back to target inflation ranges, Lowe warned that this current shift in psychology ...

AMP wants life insurance caps raised, fees lowered

CASSANDRA BALDINI  |  MONDAY, 27 JUN 2022
... approximately 17,500 in early 2022 and there are no signs of these trends changing." AMP further addressed the current compensation caps, saying: "In our view, there is a strong case that the current commission caps should be retained and raised slightly." ...

ETFS Capital, WisdomTree in cooperation deal

CASSANDRA BALDINI  |  FRIDAY, 27 MAY 2022
... governance. Under the agreement, former State Street Global Advisors chief investment officer Lynn Blake will join the compensation committee while ETFGI managing partner Deborah Fuhr will be added to the board nominating and governance committee. The ...

ASIC suspends Dixon Advisory AFSL

ELIZABETH MCARTHUR  |  TUESDAY, 19 APR 2022
... of dispute resolution arrangements including AFCA membership until 8 April 2023; and requires the maintenance of compensation arrangements that comply with the Corporations Act 2001 until 8 April 2023. Dixon Advisory has a right to seek a review of ASIC's ...

Colonial First State settles super class action for $56.3m

ELIZABETH MCARTHUR  |  MONDAY, 4 APR 2022
... it has now been vacated. Maurice Blackburn said the settlement means class action members should start receiving compensation proceeds into their superannuation accounts this year. However, CFS has not admitted wrongdoing in the case. "The whole point ...

Westpac now an open book on pay

JAMIE WILLIAMSON  |  THURSDAY, 31 MAR 2022
... confidentiality clauses, citing a recent survey of CBA workers which estimated the gender pay gap at CBA results in reduced compensation for women of about $500 million per year. "This announcement demonstrates that these banks can take these decisions ...

Tough news for those already doing it tough

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... includes expenses for pensions, services to the aged, unemployment support, disabilities support, income support and compensation for veterans - are estimated to decrease by 5.9% overall in real terms from 2021-2022 to 2022-2023. The government expects ...