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Showing 331 - 340 of 1112 results for "Remuneration"

ASIC launches investigation into Westpac

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
... executive. King will take over from December 2. Hartzer has been given 12 months notice and will receive his full fixed remuneration for that period - amounting to $2.686 million. King will be remunerated at a fixed annual salary of $2.1 million. While ...

Brian Hartzer steps down from Westpac

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
... expects of us, and we expect of ourselves." Hartzer has been given 12 months' notice and will be paid his fixed remuneration of $2.686 million over that period. While King steps up, chief operating officer Gary Thursby will act as chief financial ...

Politician urges Treasurer to protect advisers

ELIZABETH MCARTHUR  |  FRIDAY, 22 NOV 2019
... group of her constituents have expressed concern over the recommendation from the Royal Commission that grandfathered remuneration be brought to an end. Steggall explained the group requested: "Any policy or recommendation to amend or remove grandfathered ...

Grandfathering phase out tussle continues

ELIZABETH MCARTHUR  |  FRIDAY, 22 NOV 2019
Colonial First State has confirmed it is aiming for mid-year implementation of the phase out of grandfathered remuneration, much to the ire of the Association of Independently Owned Financial Professionals (AIOFP). A CFS spokesperson confirmed to Financial ...

Continued calls for code compliance extension

ELIZABETH MCARTHUR  |  THURSDAY, 21 NOV 2019
... FASEA's guidance. "Irrespective of FASEA's public statements which say they don't intend to ban any particular type of remuneration, it is impossible to interpret 'avoid' in any other way," Marshan said.

APRA to take transparent approach

HARRISON WORLEY  |  TUESDAY, 19 NOV 2019
APRA's new approach to governance, culture, remuneration and accountability will see the prudential regulator focus on strengthening, sharpening and sharing. The regulator today released an information paper on its "more intensive" regulatory approach ...

Chief executive banned for paying wife

ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
... 2016, Forsyth transferred just over £200,000 of his pay to Mrs Forsyth, and by the 2015/16 tax year, his wife's remuneration was just over £52,000 - more than any other employee of the mutual except her husband. Forsyth falsified meeting minutes to ...

Total Financial Solutions to shutter next year

ELIZA BAVIN  |  TUESDAY, 19 NOV 2019
... recent years. It has a strong sense of community and has moved to the "new world" of advice and away from conflicted remuneration models," Rowe said. "It has not been easy, but the TFS advisers have knowingly made changes to their business models and ...

FASEA attempting to re-write law: AFA

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 NOV 2019
... Senate Estimates Hearing FASEA chief executive Stephen Glenfield said: "FASEA is not banning any particular form of remuneration." However, the code does essentially ban referral fees and - as Anderson points out - lacks any examples of permitted forms ...

Financial services the most unethical industry

HARRISON WORLEY  |  TUESDAY, 12 NOV 2019
... very or somewhat unethical, according to Governance Institute chief executive Megan Motto, with the industry's remuneration practices a particular sore spot for the community. "High executive salaries are seen as the most ethically important issue ...