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Showing 11 - 20 of 1076 results for "Remuneration"

Trustee valuation processes 'concerning': APRA review

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2024
... practices, with APRA finding just 11 have dedicated valuation committees while others involve staff members whose remuneration is tied to asset values in the process. APRA has released the findings of its thematic review of trustees' implementation of ...

Platinum, Regal put acquisition talks to bed

JAMIE WILLIAMSON  |  MONDAY, 9 DEC 2024
... executing its restructure and turnaround strategy and has so far illustrated momentum in the areas of cost control, remuneration redesign, product rationalisation and a review of the investment process, all initiatives designed to stabilise and reset ...

ASIC issues new guidance on DBFO reforms

KARREN VERGARA  |  FRIDAY, 22 NOV 2024
... obligation to obtain informed consent before receiving certain insurance commissions to avoid them being conflicted remuneration. ASIC said it will issue further guidance once the second tranche of the government's DBFO package is legislated. "We will ...

Platinum exec pay hit with second strike

KARREN VERGARA  |  WEDNESDAY, 13 NOV 2024
Platinum Asset Management suffered its second consecutive strike against its remuneration report but managed to avoid a board spill. Yesterday, 73% of shareholders overwhelmingly voted against adopting the remuneration report at the annual general meeting ...

HESTA red flags MinRes for governance failures

ANDREW MCKEAN  |  FRIDAY, 8 NOV 2024
... face board-imposed financial penalties totalling $8.8 million, along with the loss of up to nearly $10 million in remuneration, which was said to reflect the significance of corporate governance and reputational issues his actions caused. Ellison told ...

Asset managers need to improve performance: Morningstar

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2024
... are struggling, given weak flows," Ler said. "Asset managers need to improve performance, cut costs, better align remuneration with shareholder interests, and increase investments in distribution." The report found that structural challenges such as ...

APRA prioritises supervision of trustee spending

JAMIE WILLIAMSON  |  TUESDAY, 22 OCT 2024
... This data will include detailed categories like administration, advice, member services, marketing, trustee board remuneration, travel and entertainment, and other overheads. It will also publish the recipients of payments made to industrial bodies ...

Perpetual remuneration report cops first strike

KARREN VERGARA  |  FRIDAY, 18 OCT 2024
Perpetual shareholders' overwhelming rejection of the remuneration report yesterday comes as the fund manager stemmed outflows in the September quarter. In an opening address to the annual general meeting (AGM), outgoing Perpetual chair by Tony ...

Lack of talent challenging DDO compliance

JAMIE WILLIAMSON  |  MONDAY, 23 SEP 2024
... fact that salaries for risk roles have risen substantially since the Royal Commission. For example, Chisholm said, remuneration for a risk analyst has increased close to 70%; someone with between one- and two-years' post-graduate experience commands ...

Perpetual names new chief executive

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2024
... SSGA, he worked at NAB Asset Management, TCorp, and BetaSmartz. At Perpetual, he will be paid $1 million in fixed remuneration along with a short-term incentive of $500,000 at target with a maximum of $875,000 that will be prorated for FY25. Reilly officially ...