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Showing 321 - 330 of 911 results for "Compensation"

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 ...

Asset consultant expands into retail market

ELIZA BAVIN  |  MONDAY, 4 MAY 2020
... and he believes the industry is in a time of change. "The issue of conflict comes down to remuneration and flows of compensation, and in no way are we comfortable with structures where there are compensation arrangements," Karagianis said. "That has ...

Westpac to review business units

JAMIE WILLIAMSON  |  MONDAY, 4 MAY 2020
... with loans protected by the National Consumer Credit Protection Act and the National Credit Code, and the estimated compensation for customer's on the group's platforms that weren't informed of certain corporate actions and may have missed ...

COVID-19 shines a light on ESG: First Sentier

ELIZA BAVIN  |  WEDNESDAY, 29 APR 2020
... are being reduced for both employees and executives in many sectors, and we have already seen widespread changes to compensation programs." Turner said where companies have tried to keep executive pay at the same level has not been well received. "Remuneration ...

GAM cuts jobs, reviews pay

JAMIE WILLIAMSON  |  WEDNESDAY, 15 APR 2020
... expects its headcount to drop to 680 FTEs at end of 2020, compared to 817 FTEs at 2019 end. GAM is also reviewing fixed compensation levels across to group, particularly for those in senior, non-investment roles. "These measures are intended to manage ...

COVID-19 to push life premiums up: Rice Warner

HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
... pointing to studies which show unemployment and disability claim rates are directly correlated. "In addition, workers compensation claims in Australia are also closely correlated to unemployment," the firm said. "This arises from elevated stress around ...

Court confirms Storm Financial founders breached duties

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... the Storm Financial collapse is now at an end." So far, Storm Financial clients have received about $168 million in compensation from Commonwealth Bank, $82.5 million in compensation from Macquarie Bank as part of a related class action, and $17 million ...

Positives from the pandemic for advisers

ELIZABETH MCARTHUR  |  TUESDAY, 24 MAR 2020
... following events look promising," Johnson said. The AIOFP is positive about Treasury's request for market views on the Compensation Scheme of Last Resort because submissions and commentary are acknowledging that advice and product failures are separate. ...

Call for pause on default insurance changes

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
... casual roles in hospitality, retail and tourism, and may need to access income protection or make a workers' compensation claim if they find themselves out of work for weeks at a time if they contract the virus." Gambera pointed out those with existing ...