Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 551 - 560 of 912 results for "Compensation"

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 ...

ASIC consults on robo regulation

ALEX BURKE  |  MONDAY, 21 MAR 2016
... Cybersecruity Framework or the Australian Signals Directorate. Finally, ASIC said robo providers would need to have specific compensation arrangements in place which would address "the potential for widespread loss if an algorithm is flawed" and the ...

ANZ appoints PwC for OnePath compliance review

ALEX BURKE  |  TUESDAY, 15 MAR 2016
... insurance, superannuation and funds management activities within OnePath, which resulted in roughly $4.5 million in compensation and "other remediation" of around $49 million. Breaches included having member contributions allocated to incorrect super ...

Small not feeling beautiful

BENJAMIN ONG  |  WEDNESDAY, 10 FEB 2016
... sharp drop in the headline index last month. While the report showed that a net 27% of small businesses increased compensation in January (up from 22% in December), plans for further pay rises dropped to a net 15% last month from 21%. This is hardly ...

CBA says most customers received appropriate advice

ALEX BURKE  |  TUESDAY, 2 FEB 2016
... Financial Group, is based on the nearly 2,000 assessments completed by 31 December 2015; of that number, 171 offers of compensation (amounting to $2.9 million) were made. Since the review's inception the program has received 23,221 expressions of interest ...

FSC calls for 22% company tax

MARK SMITH  |  MONDAY, 18 JAN 2016
... expenditure. Ending bracket creep will drive better fiscal accountability. Indexing the tax thresholds also prevents compensation given to households through tax cuts from being whittled away by bracket creep." The FSC said another benefit of a lower ...

More CBA-aligned advisers under scrutiny

DARREN SNYDER  |  THURSDAY, 17 DEC 2015
... Commonwealth Financial Planning (CFPL) and Financial Wisdom (FWL) are to be reviewed for potential inclusion in a compensation program. This is the key finding in KordaMentha Forensic's second report on past activities by the two Commonwealth Bank (CBA) ...

CBA refunds $80m for failing to apply discounts

LAURA MILLAN  |  WEDNESDAY, 25 NOV 2015
Commonwealth Bank (CBA) will refund about $80 million to around 216,000 Wealth Package customers as a compensation for failing to apply fee waivers, interest concessions and other benefits since 2008. The Wealth Package offered benefits such as interest ...

ANZ pays $13m to saver customers

ALEX BURKE  |  THURSDAY, 12 NOV 2015
ANZ will pay roughly $13 million to 200,000 customers using Progress Saver Accounts (PSAs). The compensation is being paid due to ANZ failing to apply bonus interest to these accounts. PSA customers who satisfy withdrawal and deposit requirements each ...