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Showing 291 - 300 of 1124 results for "Remuneration"

NULIS calls for clearer regulatory definitions

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
... apply for the option that suits their needs, supported by their financial adviser. It also added that there are no remuneration benefits for employees linked to member choice of external or internal funds. In addition, there is no incentive for advisers ...

Perpetual top brass cop six-month pay cuts

KANIKA SOOD  |  FRIDAY, 17 JUL 2020
... D'Aloisio are taking a 20% cut on their base salaries for six months from July 1, as the company also shrinks variable remuneration company-wide in response to COVID-19. The rest of the group executive team and board of directors will be paid 10% lower ...

Forex Capital to face Federal Court

ALLY SELBY  |  FRIDAY, 17 JUL 2020
... Yoshai could face fines of $420,000. The regulator also alleges that Forex Capital "contravened a ban on conflicted remuneration under the Corporations Act by paying account manager bonuses primarily based on client 'net deposits' (total client ...

ASIC sues CBA, CFS over RC case

HARRISON WORLEY  |  TUESDAY, 23 JUN 2020
... ASIC is taking Commonwealth Bank and its wealth arm, Colonial First State, to task over $22 million in conflicted remuneration issues which it alleges ran up until June 30 last year. The corporate regulator has sued CBA, and the investment arm of its ...

APRA hands reins to ASIC in AUSTRAC case

ALLY SELBY  |  THURSDAY, 18 JUN 2020
... the regulator in December, which is tasked with reviewing Westpac's risk management, governance, accountability, remuneration and culture. "The additional $500 million capital requirement that APRA imposed on Westpac in December 2019 remains in place ...

ASIC lays out product intervention plans

HARRISON WORLEY  |  THURSDAY, 18 JUN 2020
ASIC has explained how it plans to tackle products and distribution linked remuneration structures in the event it believes they will bring about significant consumer detriment. Regulatory guide 272 shows ASIC may use its new powers to order a product ...

FSU calls for NAB staff to audit pay

ALLY SELBY  |  MONDAY, 15 JUN 2020
... underpayments. It comes after NAB announced last week it would be launching an independent investigation into staff remuneration, after it discovered last year that 1500 employees had been underpaid $1.3 million. FSU Queensland secretary Wendy Streets ...

Life insurance salary guide for 2020

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
... "This is leading to a focus on what a company can offer them in terms of benefits, instead of just focusing on a remuneration package." Underwriters are also seeking career progression. Profusion said due to how specialised underwriters become through ...

Short consultation window for stamping fee exemption

HARRISON WORLEY  |  FRIDAY, 5 JUN 2020
The consultation window for the exposure draft set to extend the ban on conflicted remuneration to listed investment companies and trusts is open, for a short period of time. Stakeholders have been given just one week to respond to the government's ...

38 staff punished over AUSTRAC scandal: Westpac

ELIZA BAVIN  |  THURSDAY, 4 JUN 2020
Westpac has confirmed 38 staff copped a range of remuneration consequences as a result of the bank's investigations into the AUSTRAC scandal. In a statement, the bank confirmed it should have recognised the faults in its systems earlier. "The report ...