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

Search Results

Showing 551 - 560 of 900 results for "Compensation"

ASIC sets up special robo-advice taskforce

LAURA MILLAN  |  FRIDAY, 6 NOV 2015
... their algorithms, what are the training and competency requirements for those sitting behind robo-advice models and compensation arrangements for robo-advice operators. "ASIC is very supportive of the automated provision of advice," ASIC chairman Greg ...

Macquarie set to pay $14m to advice clients

LAURA MILLAN  |  MONDAY, 2 NOV 2015
... Limited (MEL) has identified 163 clients who received inadequate financial advice and are eligible for $14 million compensation. Macquarie Group confirmed that the enforceable undertaking dictated by the Australian Securities and Investments Commission ...

CBA whistleblower flags unfair compensation

ALEX BURKE  |  THURSDAY, 29 OCT 2015
... Standing Committees on Economics Scrutiny of Financial Advice public hearing in Melbourne that the bank structured its compensation scheme so that refunds would be minimised. Describing the program as a "joke," Phillips told the committee that it "lacks ...

IAG appoints COO from Suncorp

ALEX BURKE  |  THURSDAY, 29 OCT 2015
... He has held numerous other roles at the $17 billion insurance group since 1994, including general manager workers' compensation and group executive commercial insurance. At IAG, Milliner will report to Peter Harmer, who will replace incumbent chief executive ...

NAB pays $1.7 million in compensation

ALEX BURKE  |  THURSDAY, 22 OCT 2015
NAB has paid $1.7 million in compensation so far as part of its Customer Response Initiative. This follows on from the bank's August update, where it announced it would write to customers who had suffered "financial loss caused by inappropriate advice ...

Bond King Gross files $200m suit against PIMCO

MARK SMITH  |  FRIDAY, 9 OCT 2015
... executives at the firm. "Managing directors plotted to drive founder Bill Gross out of PIMCO in order to take, without compensation, Gross's percentage ownership in the profitability of PIMCO," the complaint says. "Their improper, dishonest, and unethical ...

CBA's advice review compensates 19 clients

LAURA MILLAN  |  WEDNESDAY, 30 SEP 2015
The compensation program set up by Commonwealth Bank (CBA) to compensate victims of bad advice has reviewed over 8,800 cases and compensated only 19 clients. In total, the bank has offered $950,252 in compensation, but paid $488,815 as of 31 August ...

ASIC's robo-advice taskforce to monitor AFSLs

STAFF WRITER  |  MONDAY, 28 SEP 2015
... Innovation Hub, will be monitoring activities by newly-licensed businesses. The new taskforce is examining the adequacy of compensation arrangements, algorithms and the interaction between scaled advice and the best interest duty. "We have observed that ...

Expect slow "boil" Fed hikes: Hamish Douglass

MARK SMITH  |  FRIDAY, 18 SEP 2015
... outlook in two places - describing activity as expanding at a "moderate pace" and later acknowledging that inflation compensation on TIPS (Treasury Inflation-Protected Securities) "moved lower". The clear indication there is that the Fed is worried about ...

Australian managers most focused on ESG

LAURA MILLAN  |  THURSDAY, 20 AUG 2015
... also concluded that the top three issues in decision-making are board accountability, human capital, and executive compensation. The research was drawn from online survey conducted from 26 May to 5 June 2015. A total of 1,325 members of CFA Institute ...