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Showing 421 - 430 of 922 results for "Incentive"

Munchenberg to exit ABA

JAMIE WILLIAMSON  |  FRIDAY, 21 OCT 2016
Australian Banker's Association chief executive Steven Munchenberg has resigned. ABA chairman Andrew Thorburn said Munchenberg had advised him that he would now like to move on to the next opportunity in his career, following six and a half years in ...

Tobacco and super funds must split

JAMIE WILLIAMSON  |  THURSDAY, 20 OCT 2016
... funds, though only Australia, New Zealand and Norway have implemented that provision. King cited reputational risk as an incentive for institutions to divest from the tobacco industry, saying that not being a part of the momentum away from tobacco investing ...

Private capital industry growing at record speed

ALEX BURKE  |  WEDNESDAY, 12 OCT 2016
... been invested in, and right through to the exit process, the PE firm is involved. "This investment model, along with incentive structures designed to align the interests of investors and fund managers, are some of the factors that explain why PE has ...

BKI makes $4.2m acquisition

ALEX BURKE  |  TUESDAY, 11 OCT 2016
... not charge a performance fee to BKI. BKI explained further: "Millner and Culbert have surrendered all outstanding BKI incentive plan rights, both long-term and short-term." "The externalisation of portfolio management services will be governed by the ...

Super members should face "better off test"

DARREN SNYDER  |  TUESDAY, 4 OCT 2016
Industry Super Australia wants a "better off test" requiring banks and other financial services providers to demonstrate that switching a member's superannuation will be beneficial. Additionally the representative group is calling for banks to ban all ...

CommInsure under fire again

JAMIE WILLIAMSON  |  TUESDAY, 4 OCT 2016
The Commonwealth Bank has released an update on the ongoing independent review into its life insurance division CommInsure, following further accusations of misconduct. The review findings show the bank has retrieved and revised over five million documents ...

Current super objective "un-Australian"

DARREN SNYDER  |  TUESDAY, 27 SEP 2016
ASFA believes it is "un-Australian" for politicians to settle on an inadequate objective for superannuation that restricts its purpose to merely substitute or supplement the age pension. The super fund representative body is urging people to take interest ...

Life insurance reforms to be re-introduced

JAMIE WILLIAMSON  |  MONDAY, 26 SEP 2016
... upfront commissions on a policy's first year premium proposed in the legislation were necessary as they "created an incentive to offer advice that may not be in the best interests of the client, notwithstanding the legal requirements of the best interests' ...

BKI appoints external investment manager

ALEX BURKE  |  MONDAY, 26 SEP 2016
... not charge a performance fee to BKI. BKI explained further: "Millner and Culbert have surrendered all outstanding BKI incentive plan rights, both long-term and short-term. "The externalisation of portfolio management services will be governed by the ...

Westpac alters incentive structure

KERRIE SYDEE  |  FRIDAY, 23 SEP 2016
Westpac chief executive Brian Hartzer has announced changes to employee incentives, including the removal of all product related incentives. In a speech to the Australia Israel Chamber of Commerce in Melbourne, Hartzer revealed Westpac will be removing ...