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Showing 511 - 520 of 900 results for "Compensation"

YBR hits back at Bouris expose

ALEX BURKE  |  FRIDAY, 28 OCT 2016
... from 87-99% of all proxies, which the board views as a substantial endorsement by YBR shareholders." In regards to compensation arrangements for Mark and Adrian Bouris, YBR said the $14 million figure cited in the report was incorrect. In Mark's case ...

CBA responds to systemic advice failures

KERRIE SYDEE  |  FRIDAY, 28 OCT 2016
The Commonwealth Bank of Australia will repay more than 65% of the $154 million in required compensation estimated by ASIC. In response to ASIC's report 'Financial advice: Fees for no service', CBA has confirmed it will be refunding $105 million in ...

ASIC permanently bans jailed adviser

KERRIE SYDEE  |  FRIDAY, 28 OCT 2016
... part of her sentence, Judge Dick of the Brisbane District Court ordered Whelan pay the organisation $33,419.11 in compensation. ASIC deputy chair Peter Kell said: "Dishonesty by any financial advisor will not be tolerated by ASIC. We will take steps ...

ASIC confirms systemic failures in advice

KERRIE SYDEE  |  THURSDAY, 27 OCT 2016
... arms of AMP, ANZ, CBA, NAB and Westpac groups. To date there has been approximately $23.7 million of fee refunds and compensation paid, or agreed to be paid, to over 27,000 customers of ANZ, NAB, CBA, Westpac and AMP under various AFSLs that are owned ...

Poll provides fresh defence against Royal Commission

MARK SMITH  |  FRIDAY, 14 OCT 2016
... commission is the right way to go when they understand that it can't impose fines on banks or force banks to pay compensation, and it can't change laws or do anything other than make recommendations which the government of the day is not bound to implement. ...

More poor customer outcomes expected: Narev

JAMIE WILLIAMSON  |  WEDNESDAY, 5 OCT 2016
... initiatives in a bid to ensure the best service for customers, "there will undoubtedly be more announcements regarding compensation due to customers, which will include some significant monetary amounts given the scale of our business and the length ...

NAB pays $6.5m to resolve advice complaints

KERRIE SYDEE  |  WEDNESDAY, 28 SEP 2016
... revealed it has paid a total of $6.5 million to 251 customers since February 2015 after settling their claims for compensation. In an update on its financial advice response initiative, NAB said the uplift in payments to customers reflects a significant ...

Willis Towers Watson appoints national workplace risk manager

MARK SMITH  |  THURSDAY, 22 SEP 2016
... he was founder and managing director. Prior to that he was head of practice at Aon, providing strategic workers' compensation and work health and safety solutions. "Darren has an exceptional reputation in the Australasian market. His knowledge and experience ...

Fund managers must offer genuine partnerships

MARK SMITH  |  WEDNESDAY, 14 SEP 2016
... alignment with client interests persists. "As an employee-owned firm, a meaningful portion of employees' incentive compensation as well as the majority of my own wealth will be invested alongside client funds. Personal securities trading by our employees ...

CBA offers $9.4m in compensation

ALEX BURKE  |  MONDAY, 5 SEP 2016
CBA has provided an update on its Open Advice Review, saying it has offered $9.4 million in compensation to customers. The bank contacted 350,000 at the review's outset, 8,600 of whom requested a review. So far, 5,300 of those requested assessments ...