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Showing 281 - 290 of 937 results for "Compensation"

FSC suggests CSLR improvements

KARREN VERGARA  |  MONDAY, 20 SEP 2021
The Financial Services Council has highlighted numerous holes in the Compensation Scheme of Last Resort in a bid to prevent financial advisers that "have done nothing wrong" from paying for the scheme. The FSC is calling on corporate regulator ASIC ...

Criminal charges filed against CBA

ELIZABETH MCARTHUR  |  FRIDAY, 17 SEP 2021
... the charges and has agreed a statement of facts with ASIC and the CDPP," the bank said. CBA added that it has sent compensation to the 165 customers who are the subject of these proceedings and that it apologises and accepts the conduct was unaccepta ...

Former CFSGAM chief executive joins CFA Institute

ANNABELLE DICKSON  |  THURSDAY, 2 SEP 2021
... Japan. Lazberger served on the CFA Institute board from 2012 to 2018 and was in the audit and risk committee, the compensation committee, and the external relationship and volunteer involvement committee. He is also the founding president and member ...

Realside Financial Group adds to team

ANNABELLE DICKSON  |  MONDAY, 30 AUG 2021
... "Realside adheres to a disciplined investment process, with a strong focus on capital preservation to ensure adequate compensation for the client risks being taken. While this strategy places a constraint on the amount of capital that can be managed ...

Financial adviser levy to drop

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
... regulatory reforms making their way through the Parliament, including the introduction of a Single Disciplinary Body and a Compensation Scheme of Last Resort," Frydenberg and Hume said. Treasury will also review the ASIC Industry Funding Model, commencing ...

Funds management staff want remote work: Research

KARREN VERGARA  |  FRIDAY, 27 AUG 2021
... executive Lisa Carroll said the study revealed 20% of Australian respondents have experienced a reduction in their total compensation since January 2020. On a brighter note, 75% of investment professionals are confident their jobs will be secure over ...

CSLR unfairly locks out some victims: Maurice Blackburn

ELIZABETH MCARTHUR  |  MONDAY, 16 AUG 2021
The Compensation Scheme of Last Resort (CSLR) will lock out victims of financial misconduct or fraud who pursue court proceedings - something that is inherently unfair, according to law firm Maurice Blackburn. Maurice Blackburn principal lawyer Josh ...

Industry associations slam last resort scheme

KARREN VERGARA  |  FRIDAY, 13 AUG 2021
Major professional associations have united to rally against the newly proposed compensation scheme of last resort. The Chartered Accountants Australia and New Zealand, CPA Australia, Financial Planning Association of Australia, Institute of Public ...

Perpetual ups acquisition liability

KARREN VERGARA  |  FRIDAY, 13 AUG 2021
... acquisition as it revalues the remuneration paid to staff. The firm originally estimated that the amount of incentive compensation accrued to be $2.1 million. This has jumped to $10.2 million. This is because the methodology used to calculate the accrued ...

Profit boost for CBA, ups remediation bill

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
... has climbed to $260 million. "Remediation amounts will not be known until individual cases have been reviewed and compensation offers made," the firms said. This is still within the $300 million limit that CBA foreshadowed when CountPlus entered into ...