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Showing 401 - 410 of 935 results for "Compensation"

New AFCA remit not enough: Law firm

KANIKA SOOD  |  MONDAY, 17 JUN 2019
... well now be in a worse financial position than parties with credit facilities under $5 million who are able to seek compensation through AFCA." Creevey said it would be inconsistent and inequitable to not provide a similar extension to these businesses ...

ANZ cleared of $50m fee bungle

KANIKA SOOD  |  FRIDAY, 14 JUN 2019
... estimated a $30 million cost to reimburse 8500 clients.This bill has swollen to $46.8 million as at February 2018 but the compensation program is nearing completion, ASIC said. ASIC also ordered the bank to pay $3 million to not-for-profit community ...

Suncorp Super faces action over adviser pay

JAMIE WILLIAMSON  |  TUESDAY, 4 JUN 2019
... to financial advisers. Those monies should now be repaid," William Roberts Lawyers principal Bill Petrovski said. Compensation for members plus interest is being sought. No financial advisers are expected to be sued as part of the action. Suncorp Super ...

AMP faces super fee gouge class action

KARREN VERGARA  |  THURSDAY, 30 MAY 2019
... superannuation fund members fees unjustifiably. Backed by litigation funder Harbour, the law firm filed a class action seeking compensation for AMP superannuation fund members at the Federal Court in Melbourne today. It estimates two million accounts ...

Chief economist update: Glass half-full or US recession on the way?

BENJAMIN ONG  |  WEDNESDAY, 29 MAY 2019
... unemployment rate), bond markets are looking at the half-empty inflation gauges and are, therefore, demanding less(er) compensation for the prospect of inflation eroding the value of their Treasury holdings. So much so that the CME FedWatch Tool now ...

NZ$5 trillion investor group supports Christchurch Call

ELIZABETH MCARTHUR  |  THURSDAY, 16 MAY 2019
... issues." The investor initiative now has 55 funds participating including the original group of NZ Super, Accident Compensation Corporation, Government Superannuation Fund, National Provident Fund and Kiwi Wealth. AMP Financial Services New Zealand ...

Financial advice drags BTFG results

KARREN VERGARA  |  MONDAY, 6 MAY 2019
... and Magnitude on the other hand received $966 million, but 31% will likely be refunded. A total of $200 million in compensation has been paid out to date. Some Securitor and Magnitude authorised representatives are expected to move to a newly-established ...

Advisers agree on fair salary: Poll

KARREN VERGARA  |  MONDAY, 6 MAY 2019
Salary ranging from $75,000 to $95,000 that is inclusive of superannuation is fair compensation for a financial adviser with less than five years' experience, a new poll from Financial Standard 's sister publication FS Advice shows. About one ...

Compensation experts boost chief executive pay

KARREN VERGARA  |  WEDNESDAY, 24 APR 2019
New research suggests ASX-listed companies that hire compensation consultants tend to boost the pay packets of its chief executives. The academic study, which analysed the top 500 public Australian companies, found 30% used a compensation consultant ...

CBA, ASIC move to resolve AFSL conditions

KANIKA SOOD  |  WEDNESDAY, 10 APR 2019
... of 15 financial advisers, disadvantaging some customers. The additional licence conditions required CBA to offer compensation for inappropriate advice that caused financial loss and offer affected customers, in addition to up to $5,000 to get independent ...