Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 301 - 310 of 899 results for "Compensation"

AMP, CBA, Westpac face potential class action

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
... on the advice or recommendation of an adviser from one of the above institutions, you may be entitled to recover compensation for product and advice commissions paid to those institutions," it said. The news comes as the government pursues a crackdown ...

Super funds slapped over smoker premiums

ALLY SELBY  |  FRIDAY, 7 AUG 2020
... refund members. Of the seven super funds, CFS, Equity Trustees, Intrust and Netwealth will cough up $3.6 million in compensation to 5000 members - while Suncorp, IOOF and AMP will not be remediating members. Between 2017 to 2020, ASIC engaged with seven ...

CBA ups remediation bill for advice

ELIZA BAVIN  |  THURSDAY, 30 JUL 2020
... inappropriate advice," CountPlus said. "Remediation amounts will not be known until individual cases have neem reviewed and compensation offers made."

New class action regulations slammed

ALLY SELBY  |  FRIDAY, 24 JUL 2020
... its second public hearing into litigation funding and the regulation of the industry. The regulations could stymie compensation payouts to Australians robbed by big banks, harmed by faulty products, or deceived by corporate boards, Class Actions Australia ...

FSU secures super pay increases

ELIZA BAVIN  |  FRIDAY, 10 JUL 2020
... entitlements in addition to paid community service leave," Hostplus said. "We routinely benchmark and monitor our compensation arrangements relative to the market." Angrisano said the FSU do not have any concerns at the moment about underpayments. "Like ...

AFCA sees 14% rise in complaints

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
... or financial firm lodged more than 80,000 complaints in the last 12 months, with AFCA securing $258.6 million in compensation and refunds direct to consumers. People made 80,546 complaints to AFCA between 1 July 2019 and 30 June 2020, marking a 13.7% ...

Super fund members compensated

JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
... to a lower cost MySuper offering in 2017. More than 1266 smartMonday members have received about $2.6 million in compensation after two third-party authorised representatives failed to comply with legislation that required their super accounts to be ...

Life insurance salary guide for 2020

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
... established life assessors becoming smaller, we are seeing a big rise in insurers hiring candidates from the workers compensation/ allied health pool as the next best option," the recruiter said. "Many of these candidates either have extremely strong ...

Client drags advice firm, advisers to court

KANIKA SOOD  |  WEDNESDAY, 20 MAY 2020
... they took control of her bank accounts and misappropriated about $1.4 million of her money. Danusia Giam is seeking compensation from Melinda and Robert Patterson and three related companies. Their company 8888 Group provided accounting, wealth advice ...

Realigning remuneration expectations

KANIKA SOOD  |  THURSDAY, 14 MAY 2020
... Incentives could be 30-40% lower in 2020 owing to COVID-19 and underperforming investment products, according to a new compensation report covering asset management, insurance and sales. This year is "unusually important" for salaries as the trifecta ...