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

Search Results

Showing 21 - 30 of 51 results for "CES"

Perennial adds to team

KANIKA SOOD  |  THURSDAY, 30 JAN 2020
Multi-boutique Perennial Value Management has hired from QIC for its Queensland business, while also appointing a new head of researcher and consultant relationships. Marjon Crandall will look after Perennial's relationships with fund ratings houses ...

ASIC lifts ban on new opaque active ETFs

KANIKA SOOD  |  WEDNESDAY, 11 DEC 2019
Fund managers will be allowed to list new non-transparent active ETFs, as ASIC lifts the pause after a six-month-long review. However, it has asked responsible entities and market making agents to review their current arrangements to manage risks. The ...

Wealth income halved, Hartzer skips $1.6m bonus

HARRISON WORLEY  |  MONDAY, 4 NOV 2019
Westpac chief executive Brian Hartzer relinquished a $1.6 million cash bonus for the year, as income for the group's wealth management business fell significantly. Releasing its annual report and full year results to the market this morning, Westpac ...

IOOF to cut bonuses, pays Kelaher millions

ELIZABETH MCARTHUR  |  TUESDAY, 29 OCT 2019
IOOF's annual report includes details of the termination remuneration for former managing director Christopher Kelaher. The report shows Kelaher received a termination payment of $1,273,379 in lieu of his contractual notice period along with additional ...

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 ...

CBA remediation bill drags performance

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
Commonwealth Bank's overall remediation and compliance costs have hit $2.2 billion, dragging its full-year June 2019 results. A large chunk ($806m) of the bank's customer remediation bill will go towards implementing regulatory and compliance ...

Adviser stole $200k from SMSFs

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
The Australian Securities and Investments Commission (ASIC) permanently banned a former financial adviser who stole more than $200,000 from client self-managed superannuation funds. Robert Michael of Bentleigh, Victoria has been permanently banned from ...

Super fund increases premiums

KARREN VERGARA  |  FRIDAY, 31 MAY 2019
A $1.5 billion superannuation fund will increase life insurance premiums as a result of the Protecting Your Super Package reforms. New and existing REI Super members will pay more for death and TPD cover from 1 July 2019. They join the ranks of AustralianSuper ...

Advice dealer group shutters

HARRISON WORLEY  |  FRIDAY, 31 MAY 2019
More than 30 financial advisers are left without a home as Spectrum Wealth Advisers shuts up shop. Freedom Insurance Group has today revealed Spectrum will close earlier than originally intended as it can no longer meet a "key person" requirement of ...

Swiss Re to manage Freedom remediation

KANIKA SOOD  |  TUESDAY, 30 APR 2019
Swiss Re has agreed to take on the responsibility of designing and managing Freedom Insurance Group's customer remediation program. Freedom confirmed Swiss Re as the remediation manager, and Genus Life Insurance Services Pty Ltd as the third party to ...