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What finance professionals are really paid

ELIZABETH MCARTHUR  |  THURSDAY, 7 NOV 2019
... leads and investment directors. According to the report, legal, risk and compliance professionals will be in high demand next year, particularly among private equity and global investment companies. Investment analyst and merger and acquisition skill ...

NAB remediation team swells, no executive bonuses

ELIZABETH MCARTHUR  |  THURSDAY, 7 NOV 2019
... directors also had their fees cut by 20% following the resignation of chair Ken Henry. NAB will release a remuneration report next week which is expected to demonstrate substantial changes to the executive leadership team's remuneration framework. As ...

Afterpay slides in global fintech rankings

HARRISON WORLEY  |  TUESDAY, 5 NOV 2019
... Sydney-based venture capital investment thought leaders, H2 Ventures, which ranks the top 50 most innovative fintechs and the next fintechs to shake up the global financial services scene. This year's iteration saw seven Australian fintechs make ...

ASIC, MLC Nominees and NULIS in court

ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
... sought by ASIC which have been agreed by the parties. Provision has been made for the parties to file further evidence. The next Federal Court hearing in the case is expected on 16 March 2020. ASIC is alleging that NULIS and MLC deducted approximately ...

FASEA chief unaware of dwindling adviser numbers

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2019
... industry this year alone. "I would suggest this is a significant drop that can expect to see continue to decline over the next year or so as an unreasonable approach to valuing CPD and industry experience kicks in," Stoker said. "Tell me, is it not the ...

Advice group chief executive to depart

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2019
The long-serving chief executive of a boutique financial advice group will exit the business next month. Profile Financial Services has confirmed the resignation of its chief executive Sarah Abood. Abood first took leadership of the privately-owned ...

Industry fund hikes insurance premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 30 OCT 2019
Insurance premiums will rise by as much as 60% from next week for members of a state-based industry superannuation fund. Insurance premiums paid by WA Super members will increase substantially from November 4 following a review by TAL, with the fund ...

AMP extends adviser deadline

JAMIE WILLIAMSON  |  WEDNESDAY, 30 OCT 2019
... who have expressed interest in the legal action. In the letter, Corrs provided a timeline, including meetings in each state next month. The law firm is confident it will be able to file an action against AMP in late November or early December, Macdonald ...

AMP contests senior lawyer's claims

KANIKA SOOD  |  TUESDAY, 29 OCT 2019
... inadvertent", with senior management potentially ignoring legal advice and complaints from junior employees. She said in the next week she reported the information to Brian Salter, Jack Regan, Craig Meller and Catherine Brenner over email and orally. ...

ASIC wins appeal against Westpac companies

KANIKA SOOD  |  MONDAY, 28 OCT 2019
... financial services providers," the regulator said in the response. Westpac said it is "carefully considering" the judgment. The next step is for ASIC and Westpac subsidiaries to agree on the declarations and orders to be made by court. If they can't ...