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Showing 521 - 530 of 935 results for "Compensation"

ASIC cancels AFSL, bans former executives and fund managers

JAMIE WILLIAMSON  |  TUESDAY, 30 MAY 2017
... varying periods and penalised between $90,000 and $650,000 in addition to being ordered to pay various amounts in compensation - up to $205,755,601 to investors in the fund - and the majority of ASIC's costs. Overseeing the proceedings, Justice Douglas ...

Super reforms hit parliament

EMMA RAPAPORT  |  MONDAY, 29 MAY 2017
... income streams on 30 June 2017. This is to ensure that those who contributed structured settlement/personal injury compensation payments to super income streams before 1 July 2017 will not be penalised under the transfer balance cap if there has been ...

Labor fights phoenix fraud

EMMA RAPAPORT  |  WEDNESDAY, 24 MAY 2017
... an objective test for transactions depriving employees of their entitlements Clarification of the availability of compensation orders against accessories Consultation on targeted integrity measures based on the recommendations of the Melbourne Law School ...

Big banks pay $60m in advice refunds

ALEX BURKE  |  MONDAY, 22 MAY 2017
... estimated $105 million; NAB paid $4.4 million out fan estimated $5 million; and Westpac has paid its estimated total compensation of $2.6 million in full. ASIC also noted a further $34 million payable by NAB super trustee NULIS Nominees for breaches ...

Financial dispute authorities combined for 'one-stop-shop'

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... existing schemes. "Those who are found to have wrongfully suffered losses will have access to move appropriate levels of compensation," Budget documents said. To ensure the AFCA delivers an effective dispute resolution service, the Federal Government ...

Mosaic tailors financial advice for women, grows FUA to $800m

MICHELLE BALTAZAR  |  FRIDAY, 5 MAY 2017
... management, tax planning, and risk management to the more specialised services (particularly for tech executives) such as compensation, concentrated stock planning and life transition planning. Overlay that with an approach that resonates with female ...

The case for internal investment teams

EMMA RAPAPORT  |  MONDAY, 24 APR 2017
... managers for the added wealth they bring to the fund. "We have received some criticism for paying asset managers compensation packages that may be big compared to other sectors, but which are competitive for commercial asset managers." Brindle said. ...

BlackRock moves to machine stock picking

JAMIE WILLIAMSON  |  THURSDAY, 30 MAR 2017
... billion in its current assets under management and are expected to incur about $25 million in one-time, severance and compensation payments. "Traditional methods of equity investing are being reshaped by massive advances in technology and data sciences. ...

Major ASIC project finds serious financial advice concerns

ALEX BURKE  |  FRIDAY, 17 MAR 2017
... release, this represented only 38% of advisers on ASIC's Financial Advisers Register. In regards to remediation and compensation, ASIC said institutions had paid out $30 million in total by 31 December 2016. This was paid to approximately 1347 customers ...

ASIC compensation skyrockets

KARREN VERGARA  |  THURSDAY, 9 MAR 2017
The amount of compensation for consumers and investors collected by ASIC in the second half of 2016 surged to $159.4 million, up from $13.4 million in the first half. The latest ASIC Enforcement Report shows 63 infringement notices were issued - $2.9 ...