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Showing 391 - 400 of 1112 results for "Remuneration"

Will financial advisers cease to exist?

JAMIE WILLIAMSON  |  TUESDAY, 18 JUN 2019
... come from the growth in machine learning and 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 ...

ASIC FAR, advice industry contract

JAMIE WILLIAMSON  |  MONDAY, 17 JUN 2019
... and also multitude of reforms impacting the industry at present such as education standards and changes to advice remuneration. For context, Rainmaker data shows in the three years to December 2018 about 7000 new advisers registered. The lion share of ...

ASIC chases licensee over conflicted remuneration

HARRISON WORLEY  |  THURSDAY, 13 JUN 2019
In a signal of ASIC's intent, the first case concerning alleged breaches of conflicted remuneration provisions is underway in the Federal Court. The corporate regulator is seeking to declare The SMSF Club and its licensee RM Capital contravened the ...

Magellan changes board responsibilities

KANIKA SOOD  |  WEDNESDAY, 5 JUN 2019
... He joined Magellan as a non-executive director in March, 2016 and is a member of the audit and risk committee and remuneration and nominations committee. Robert Fraser has been appointed as the chair of the responsible entity and main operating subsidiary ...

Industry wide pay cut for boards

ELIZABETH MCARTHUR  |  TUESDAY, 4 JUN 2019
The Governance Institute released results of its Australian Board Remuneration Survey, finding remuneration is up for board chairs and directors across the country - except in the finance and insurance sectors. Board members in finance and insurance ...

Suncorp Super faces action over adviser pay

JAMIE WILLIAMSON  |  TUESDAY, 4 JUN 2019
... bring a class action against a retail superannuation fund, with existing and former members suing over conflicted remuneration paid to financial advisers. Suncorp Portfolio Service, also known as Suncorp Super, is facing a possible class action to be ...

Material weakness in super funds, insurers exposed

KARREN VERGARA  |  THURSDAY, 23 MAY 2019
... enforced effectively; and a risk culture that is not well understood. APRA also observed gaps were evident between remuneration frameworks and practices, and more work is needed to ensure risk and customer objectives are reflected in remuneration. APRA ...

No single solution for advice: CFA

HARRISON WORLEY  |  TUESDAY, 14 MAY 2019
... trust and improve the outcomes for customers accessing financial advice. The institute is calling for conflicted remuneration to be outlawed, alongside strengthening the best interest duty and ensuring advice remains independent. Additionally, it has ...

CBA remediation bill crosses $2bn

KANIKA SOOD  |  MONDAY, 13 MAY 2019
... non-executive director from its board. David Higgins will retire on 31 December 2019 after five years. He has chaired the remuneration committee and served on the risk committee. CBA chair Catherine Livingstone said his decision to retire was reflective ...

ESG enthusiasm booms post-Royal Commission

ELIZABETH MCARTHUR  |  MONDAY, 6 MAY 2019
... diversity seems to be the biggest focus area for the companies surveyed for the next 12-18 months. On the governance side remuneration policies also received a high ranking." On environmental concerns, 67% of the listed companies surveyed said they had ...