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

Search Results

Showing 371 - 380 of 1112 results for "Remuneration"

Peak bodies respond to government roadmap

KRISTI CHENG  |  TUESDAY, 20 AUG 2019
... Scheerlinck was particularly critical of the government's response to the recommendation to end grandfathered conflicted remuneration, and said it was "disappointing, having fallen short on consumer protection." "While the new law puts a stop to financial ...

Frydenberg flags new advice disciplinary system

HARRISON WORLEY  |  MONDAY, 19 AUG 2019
... government plans to hold sections of the industry accountable for failing to act in line with the cultural, governance and remuneration changes sweeping the industry. For financial advisers, that means dealing with a new disciplinary system which will ...

Future Fund voted down Pinnacle equity grants

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
... Elliott, Commonwealth Bank chief Matt Comyn and Westpac chief Brian Hartzer. However it voted against Westpac's remuneration report. At AMP, it supported the elections of David Murray, John Fraser, John O'Sullivan and Andrea Slattery. It voted ...

Magellan posts bumper profits, raising $275m

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
... the raise. It will also cover the IPO costs through MFG. "We are addressing potential concerns regarding conflicted remuneration by proceeding without appointing a broker syndicate or paying any fees or commissions to any brokers or advisers to handle ...

Byres warns not to spread APRA too thin

HARRISON WORLEY  |  MONDAY, 12 AUG 2019
... regulator had been funded directly by the government, including additional funding in the budget for governance, culture, remuneration and accountability, ensuring the regulator's work in those areas was not constrained. However Byres warned that ...

Super fund names new chair

KARREN VERGARA  |  THURSDAY, 8 AUG 2019
... the VicSuper board in July 2014 for a period of five years. She is currently a member of the VicSuper investment, remuneration and renewal committee. Chief executive Michael Dundon thanked Stewart for her dedicated contribution to VicSuper as the outgoing ...

AMP profits dive, chief pay restructured

ELIZABETH MCARTHUR  |  THURSDAY, 8 AUG 2019
Reporting a 50% drop in wealth management profits, AMP conceded chief executive Francesco De Ferrari's remuneration will have to be reconsidered in light of share price tumbles. The group reported an underlying profit of $309 million for the first half ...

ANZ scraps individual bonuses

HARRISON WORLEY  |  TUESDAY, 6 AUG 2019
... the changes would not impact the bank's total spend on compensation but rather its mix between fixed and variable remuneration, in an effort to reduce the "negative impact" an over emphasis on individual bonuses within banks have on the community, according ...

AFA, FPA slam haste in ending grandfathered commissions

KRISTI CHENG  |  FRIDAY, 2 AUG 2019
... retail clients as they will receive higher-quality advice and stop paying higher fees to fund grandfathered conflicted remuneration". "Grandfathered conflicted remuneration can entrench clients in older products even when newer, better and more-affordable ...

Final nail in the coffin for grandfathered commissions

KANIKA SOOD  |  TUESDAY, 30 JUL 2019
... the legislation later this week, in a joint statement. The Treasury Laws Amendment (Ending Grandfathered Conflicted Remuneration) Bill 2019 implements the government's response to the final report, to end the grandfathering of conflicted remuneration ...