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Realigning remuneration expectations

KANIKA SOOD  |  THURSDAY, 14 MAY 2020
... cut its incentive fund pool by 30%, the firm says the best performers' 2020 incentives should be scaled back by 15%, the next best performers' incentives should be cut by 25%, average or good performers should take a 40% dip and sub-par performers should ...

Road to recovery

ELIZA BAVIN  |  THURSDAY, 14 MAY 2020
... learn how to transform to not only survive this crisis, but to come out of it in much better shape, to thrive through the next decade." "Proactively respond rather than react." Belinda Allen, senior economist at Commonwealth Bank, said housing and business ...

Practice valuations avoid COVID-19 hit

HARRISON WORLEY  |  THURSDAY, 14 MAY 2020
... financial planners, who either have pre-approved lines of liquidity or directly hold enough cash to pick up practices. AZ Next Generation Advisory chief executive Paul Barrett said his firm is taking note of practices which stand-out despite the many ...

Adviser guilty of misuse of client money

ELIZA BAVIN  |  THURSDAY, 14 MAY 2020
... ended in April 2018. The charges carry various maximum penalties of between 10 to 14 years' imprisonment. Dick's next appearance will be at the Townsville District Court, on a date yet to be set. ASIC noted Dick had shown cooperation with its ...

Processes are the problem, not people: Count Financial

ALLY SELBY  |  WEDNESDAY, 13 MAY 2020
... well-established and trusted converged accounting and advice businesses," Kennedy said. To help its advice businesses prepare for the next generation of financial advisers, Count Financial also revealed it had developed a new adviser training and support ...

Australia facing largest ever GDP fall

ELIZA BAVIN  |  WEDNESDAY, 13 MAY 2020
... prices. "With this firmly in their minds, market-wise investors will know be looking to bolster their portfolios before the next round of cuts and the likely subsequent price increase. They are taking advantage of the lower entry points now before the ...

Chief economist update: China's beef with Australia

BENJAMIN ONG  |  WEDNESDAY, 13 MAY 2020
... strikes back. China is now walking its talk. This has prompted fears among Australian dairy producers that they could be next in line to take the hit from Beijing. This would surely put a dent in Australia's agricultural exports which makes up 3% ...

Pengana eyes fully franked dividend

ELIZA BAVIN  |  WEDNESDAY, 13 MAY 2020
... said. "An increase in the level of franking via the change in the investment mandate is viewed by the PIA board as a logical next step in increasing the attractiveness of PIA shares." Pillemer added, with many Australian companies flagging deferrals ...

Investment manager launches income fund

ALLY SELBY  |  TUESDAY, 12 MAY 2020
... issuers. It's the first of what the fund manager says will be several products set to launch in the Australian market over the next two years. The fund was developed to meet investor demand for high levels of income with a focus on capital preservation ...

Compliance crackdown, consultations on horizon: ASX

ALLY SELBY  |  TUESDAY, 12 MAY 2020
... requirements and extend the bar on financial advisers being on boards of entities undertaking an IPO or a backdoor listing. Over the next year the ASX will also update guidance on recaps; to tighten requirements for companies looking to be reinstated ...