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Showing 391 - 400 of 911 results for "Compensation"

New NAB chair seeks to ease shareholders

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2019
... outcomes and the management of non-financial risks over the long and short-term," he said. "And we will make sure compensation appropriately reflects the individual and collective performance of the executive team." Chronican said one main focus going ...

ASIC scolds banks over fee-for-no-service delays

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... includes a directions power. This would allow ASIC to direct AFS licensees to establish suitable customer review and compensation programs." ASIC said the delays boiled down to a variety of issues, but cited poor record keeping and the "legalistic" approach ...

Grandfathered commissions ban unconstitutional: Association

JAMIE WILLIAMSON  |  MONDAY, 4 MAR 2019
... in relation to a potential challenge to the validity of proposed amendments to remuneration structures without any compensation to members given the radical change in the Commonwealth's position and its stated legislative intention," the announcement ...

Labor responds to Royal Commission final report

JAMIE WILLIAMSON  |  MONDAY, 25 FEB 2019
... additional measures, Labor will look to improve the Australian Financial Complaints Authority (AFCA). Caps on possible compensation will be significantly increased, including the quadrupling of compensation for consumers and doubling of that to small ...

ASIC finalises EU with HSBC

KARREN VERGARA  |  FRIDAY, 22 FEB 2019
... HSBC reported an additional 220 cases had process issues. Overall, HSBC offered affected clients about $690,000 in compensation across all product types. Ernst & Young was appointed as an independent expert under the EU. It determined that HSBC has "materially ...

AFCA appoints new ombudsman

DARREN SNYDER  |  THURSDAY, 7 FEB 2019
... businesses about a credit facility up to the value of $5 million. Small businesses will also benefit from an increased compensation cap from $323,500 to $1 million, and primary producers such as farmers have a compensation cap of $2 million. Australian ...

Misconduct must end: Frydenberg

DARREN SNYDER  |  MONDAY, 4 FEB 2019
... aimed at focus on improving financial services for consumers. For the first time the Government will establish a compensation scheme of last resort to ensure that consumers can have their case heard "and be confident that where compensation is owed it ...

State Street flags job cuts

JAMIE WILLIAMSON  |  MONDAY, 21 JAN 2019
... program are expected to include a repositioning charge of US$223 million of which US$198 million will be paid in compensation and employee benefits. The program will see the number of senior managers slashed by 15% by way of delayering management and ...

PC calls for group insurance review

KARREN VERGARA  |  FRIDAY, 11 JAN 2019
... proposed inquiry, the Commission wants to analyse where group insurance overlaps with other schemes such as workers' compensation, and consider how best to provide assistance to people in the event of illness and injury. This includes looking at ...

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... in IOOF's investment management arm IIML, which were dismissed at the Royal Commission by its executives. NAB compensation delays hopelessly conflicted: Royal Commission In August the Royal Commission heard NAB found itself in a "hopelessly conflicted" ...