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Showing 451 - 460 of 922 results for "Incentive"

Dissatisfied customers 'unreasonable', 'acting improperly': CBA

KERRIE SYDEE  |  FRIDAY, 22 APR 2016
Commonwealth Bank chief executive Ian Narev has brushed aside calls for a royal commission, instead arguing that some customers were simply unreasonable. Addressing the topic of culture and improving culture within in the financial sector services during ...

Banks launch major consumer protection program today

ALEX BURKE  |  THURSDAY, 21 APR 2016
The Australian Bankers' Association has announced today that banks will immediately commence a comprehensive new program to protect consumers and increase transparency and accountability. The first step will be an independent review of product sales ...

CalPERS urges Rio Tinto to report climate change risk

DARREN SNYDER  |  TUESDAY, 12 APR 2016
Rio Tinto is supportive of a resolution co-filed by US pension fund CalPERS requesting the global mining giant provide an annual report on environmental risks and opportunities associated with climate change. CalPERS holds about 250,000 shares in Rio ...

Gender super gap widest for women at lower income levels

WHITNEY FITZSIMMONS  |  TUESDAY, 5 APR 2016
New data from the Australian Taxation Office (ATO) shows the retirement savings gender gap is highest for women who work part-time and are in the bottom two tax brackets. The gap in super savings is most severe for females on lower taxable incomes ...

Industry groups slam SEC plan to limit derivatives

WHITNEY FITZSIMMONS  |  THURSDAY, 31 MAR 2016
US industry groups have hit back at a proposal by the Securities and Exchange Commission (SEC) to try to limit investors' exposure to risk. In December Mary Jo White, the chair of the US corporate watchdog said a funds' use of certain instruments can ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 23 MAR 2016
Australia residential property price index Residential property prices in Australia's eight capital cities (weighted average) increased by 0.2% in the December quarter. Though still higher than market expectations for 0% growth, the fourth quarter growth ...

ASX chief announces immediate resignation

ALEX BURKE  |  MONDAY, 21 MAR 2016
... has also decided that Elmer will be paid in lieu of the notice period in his contract, 2016 pro-rata STI [short-term incentive], and the 2014 and 2015 deferred STI on 1 July 2016 and 1 July 2017 respectively. "Elmer has demonstrated leadership and energy ...

Super governance at top of APRA agenda

MARK SMITH  |  MONDAY, 21 MAR 2016
The Australian Prudential Regulation Authority has highlighted three superannuation governance issues it will prioritise in its regulatory agenda for 2016. The first of these issues is what the regulator called "the robustness of strategic and business ...

Industry funds happy SG charge retained

MARK SMITH  |  THURSDAY, 17 MAR 2016
... recognised the important role it plays," AIST chief executive Tom Garcia said. "Reducing the penalty also reduces the incentive for employers to pay mandatory super on time." "The SG charge is necessary to protect employees from employer non-compliance ...

PC releases Efficiency and Competition Review issues paper

ALEX DUNNIN  |  THURSDAY, 17 MAR 2016
... superannuation market occurring on the supply side. "Such relationships can give rise to problems if the agent does not have an incentive to act in the best interests of the principal. A lack of transparency can compound this," the PC's paper said. These ...