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Showing 361 - 370 of 900 results for "Compensation"

Former financial adviser jailed

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUL 2019
... "Since reporting the behaviour to ASIC, Madison has assisted with remediation efforts, including facilitation of compensation payments from the insurer. Only a small portion of compensation is still to be resolved."

MLC faces class action over adviser fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUL 2019
... in fees can have a substantial impact on retirement outcomes. IMF's funding will facilitate an action claiming compensation on behalf of over 100,000 MLC Super Fund members." NAB responded to a request for comment, saying: "We will consider carefully ...

State Street cops $125m penalty

JAMIE WILLIAMSON  |  WEDNESDAY, 3 JUL 2019
... State Street sent clients a bill for expense reimbursement, without disclosing that State Street had added extra compensation for itself - compensation that clients had not agreed to pay," SEC Boston Regional Office director Paul G. Levenson said. "Fund ...

Whistleblowers given new protection

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUL 2019
... maintained and preventing them from suffering or being threatened with detriment. Whistleblowers will now be able to seek compensation if they suffer loss, damage or injury for making a disclosure. ASIC said these protections are designed to encourage ...

Will financial advisers cease to exist?

JAMIE WILLIAMSON  |  TUESDAY, 18 JUN 2019
... artificial intelligence. Another key driver cited is the changes to remuneration structures with 23% saying they expect compensation to decline somewhat while 14% expect to see a significant decline (more than 3% annually). The research estimates there ...

New AFCA remit not enough: Law firm

KANIKA SOOD  |  MONDAY, 17 JUN 2019
... well now be in a worse financial position than parties with credit facilities under $5 million who are able to seek compensation through AFCA." Creevey said it would be inconsistent and inequitable to not provide a similar extension to these businesses ...

ANZ cleared of $50m fee bungle

KANIKA SOOD  |  FRIDAY, 14 JUN 2019
... estimated a $30 million cost to reimburse 8500 clients.This bill has swollen to $46.8 million as at February 2018 but the compensation program is nearing completion, ASIC said. ASIC also ordered the bank to pay $3 million to not-for-profit community ...

Suncorp Super faces action over adviser pay

JAMIE WILLIAMSON  |  TUESDAY, 4 JUN 2019
... to financial advisers. Those monies should now be repaid," William Roberts Lawyers principal Bill Petrovski said. Compensation for members plus interest is being sought. No financial advisers are expected to be sued as part of the action. Suncorp Super ...

AMP faces super fee gouge class action

KARREN VERGARA  |  THURSDAY, 30 MAY 2019
... superannuation fund members fees unjustifiably. Backed by litigation funder Harbour, the law firm filed a class action seeking compensation for AMP superannuation fund members at the Federal Court in Melbourne today. It estimates two million accounts ...

Chief economist update: Glass half-full or US recession on the way?

BENJAMIN ONG  |  WEDNESDAY, 29 MAY 2019
... unemployment rate), bond markets are looking at the half-empty inflation gauges and are, therefore, demanding less(er) compensation for the prospect of inflation eroding the value of their Treasury holdings. So much so that the CME FedWatch Tool now ...