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

Search Results

Showing 311 - 320 of 935 results for "Incentive"

MSCI ups China A-shares, managers respond

KANIKA SOOD  |  THURSDAY, 7 MAR 2019
... companies to become more transparent as they try to attract foreign institutional investors. "This should be a good incentive for local companies to increase the transparency of their reporting practices and to adopt strategies that more firmly consider ...

Grandfathered commissions ban splits industry: Poll

KARREN VERGARA  |  MONDAY, 25 FEB 2019
... Future of Financial Advice (FoFA) reforms to an end. The time for transition has passed," Hayne said. "Advisers have an incentive to keep their clients in products with grandfathered commissions rather than advise them to move to better products. There ...

Labor responds to Royal Commission final report

JAMIE WILLIAMSON  |  MONDAY, 25 FEB 2019
The Labor Party will look to ban the payment of grandfathered commissions by January 2020 if successful at the upcoming Federal election. Responding to the final report, Shadow Treasurer Chris Bowen said the party has already tabled a bill to end the ...

Grandfathered commissions to be banned

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
... commission has already done its work once. But the problem remains. The influence continues," he said. "Advisers have an incentive to keep their clients in products with grandfathered commissions rather than advise them to move to better products. There ...

AUB Group hires chief executive

KANIKA SOOD  |  THURSDAY, 24 JAN 2019
... Emmett's salary will be a fixed annual remuneration of $850,000 including super plus incentives. There is a short term incentive (STI) of $600,000 (if on target) capped at a maximum 150%. Also, there is an annual grant of long term incentive (LTI) options ...

Managed accounts not immune to Royal Commission

KARREN VERGARA  |  TUESDAY, 22 JAN 2019
... Furthermore, Wivell Plater foresees a major shakeup in advice fee models across ongoing fee arrangements, asset based fees and incentive structures. "Advisers must take heed of the change to the prevailing ethic resulting from the fee for no service ...

Game over for grandfathered commissions

JAMIE WILLIAMSON  |  THURSDAY, 10 JAN 2019
... practicable. This will reduce the fees that members pay - especially those in retail funds - and remove a clear financial incentive for advisers to discourage members switching to better products," the commission said.

Count Financial seeks new GM

JAMIE WILLIAMSON  |  MONDAY, 7 JAN 2019
The general manager of Commonwealth Bank-owned dealer group Count Financial has resigned. A spokesperson for Commonwealth Bank confirmed Ed Box has left the licensee to pursue a retail banking opportunity outside of CBA Group. Hugh Humphrey, CBA executive ...

Super funds wield bank remuneration stick

DARREN SNYDER  |  FRIDAY, 21 DEC 2018
... and mistreatment of customers within the banks." She added that ACSI expressed concern for some time about NAB's new incentive structure and welcomes the decision announced by chair Ken Henry to rethink the scheme. However, it was the board's decision ...

FASEA to assess professional advice designations

JAMIE WILLIAMSON  |  THURSDAY, 13 DEC 2018
Financial advice industry associations can now apply to FASEA for accreditation for their respective professional designation programs. The Financial Adviser Standards and Ethics Authority confirmed it has invited associations to apply for accreditation ...