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Showing 531 - 540 of 900 results for "Compensation"

ASIC cancels AFSL of liquidated firm

KERRIE SYDEE  |  WEDNESDAY, 29 JUN 2016
... Avamode. The firm's licence remains in place for the purpose of external dispute resolution scheme membership and client compensation purposes.

JBWere to reduce adviser commissions

KERRIE SYDEE  |  THURSDAY, 23 JUN 2016
... recognising the domestic and global regulatory environment, and the value that is placed on the deferral of incentive based compensation as a mechanism for risk management." From October 1, a "small component" of adviser incentives will be deferred. ...

PIMCO announces global layoffs

ALEX BURKE  |  MONDAY, 20 JUN 2016
... globally and manage our staff levels through attrition, hiring, repositioning of resources and through promotion and compensation." PIMCO will also restructure its active dividend strategies, "by converting the equity exposure to Research Affiliates ...

CBA offers more than $4m in compensation

KERRIE SYDEE  |  THURSDAY, 2 JUN 2016
The Commonwealth Bank of Australia (CBA) has offered $4,857,974 in compensation as part of its Open Advice Review program, which has seen over 9000 cases submitted for review. CBA independent expert, Promontory Financial Group, has released its fifth ...

ASIC orders HSBC remediation plan for "deficient" advice

ALEX BURKE  |  TUESDAY, 17 MAY 2016
... have their advice reviewed, and where instances of poor advice that led to financial loss are identified, to receive compensation. "The independent expert will assess the adequacy of the remediation program, HSBC's compliance with the EU, and will report ...

Advisers beware the uncomfortable truth of the ageing brain

MARK SMITH  |  FRIDAY, 13 MAY 2016
Advisers risk losing clients or even facing compensation claims if they do not ready their clients for the cognitive decline that arises from ageing, State Street Global Advisors warns. In a new white paper, the global wealth management firm says all ...

Government pushes "regulatory sandbox" for fintech startups

ALEX BURKE  |  WEDNESDAY, 4 MAY 2016
... sophisticated investors to participate," consumer protections "such as membership of an external dispute resolution scheme," compensation arrangements and modified conduct and disclosure obligations. "This consultation paper will seek feedback on additional ...

Banks launch major consumer protection program today

ALEX BURKE  |  THURSDAY, 21 APR 2016
... broaden external dispute resolution schemes and "evaluate the establishment of an industry wide, mandatory last resort compensation scheme covering financial advisers." Banks will also work with ASIC to expand the regulator's review of customer remediation ...

Trio Capital compensation complete

KERRIE SYDEE  |  FRIDAY, 1 APR 2016
The Government will not provide further compensation to two groups of SMSF investors affected by the collapsed Trio Capital. In a statement the government said that the two investor groups, made up of Self Managed Super Fund (SMSF) trustees, were not ...

ASIC releases 2016 enforcement report

KERRIE SYDEE  |  THURSDAY, 31 MAR 2016
... areas of focus for the future. The report highlighted that over the six month period ASIC secured $149 million in compensation and remediation for consumers and investors, removed 27 individuals from financial services, laid 42 criminal charges, charged ...