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Showing 21 - 29 of 29 results for "Compensation Program"

First Super to vote against CBA board members

LAURA MILLAN  |  MONDAY, 10 NOV 2014
... to the financial planning scandals at CBA that prompted a Senate inquiry and forced the bank to set up a compensation program. "Aside from the very real damage to customers, the failure by the board has led to loss of confidence in the organisation ...

CBA appoints litigators as customer advocates

LAURA MILLAN  |  MONDAY, 3 NOV 2014
... Commonwealth Bank (CBA) has appointed three law firms as independent customer advocates for its Open Advice Review compensation program. Maurice Blackburn, Shine Lawyers and Slater and Gordon have been appointed to support individual customers through ...

Greens slam CBA executives pay rise

LAURA MILLAN  |  TUESDAY, 19 AUG 2014
... passed the front page test." He added that from a shareholder's point of view, it is still not clear how the compensation program will affect investors. "CBA has not yet made public what the provision is for the compensation scheme," he said. The Open ...

CBA dismisses Murray's concerns over vertical integration

LAURA MILLAN  |  THURSDAY, 14 AUG 2014
... their best interest." He referred to recent cases of poor financial advice, which have forced CBA to set up a compensation program that goes back to advice provided in 2003. "If we violate that [best interest], we need to make it right," he said. CBA ...

CBA appoints international experts to oversee advice program

LAURA MILLAN  |  MONDAY, 11 AUG 2014
... results, which will be released this Wednesday. Promontory Financial Group will review the processes of CBA's compensation program to victims of poor financial advice between 2003 and 2012. The group will also report periodically on the outcomes of the ...

CBA, ASIC unveil details of new compensation scheme

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
... whether the steps taken by the licensees to identify both the advisers and the clients that were covered by the compensation program were reasonable," ASIC said. A CBA written statement confirmed that the advisers subject to the review are "no longer ...

ASIC slaps seven-year ban on planner

ELISE BURGESS  |  FRIDAY, 11 MAR 2011
... statements or forecasts that were misleading, false or deceptive. CFP has already established a major client compensation program, calculating the alternative investment positions clients would currently hold if they had received appropriate advice and ...

Commonwealth Fin Plng compensates investors

ASIC RELEASE  |  WEDNESDAY, 3 NOV 2010
Commonwealth Financial Planning will implement a major client compensation program after an ASIC investigation. According to ASIC, a former CFP representative employed until July last year potentially breached various sections of the Corporations Act ...

PE firms gobble Lehman Bros AM

RUTH LIEW  |  WEDNESDAY, 1 OCT 2008
... will also hold a significant stake, which is expected to increase over time through an ongoing equity-based compensation program. The transaction is expected to be completed by early 2009.
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