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

Search Results

Showing 551 - 560 of 922 results for "Incentive"

IFM warns against foreign ownership of infrastructure

JAMES FERNYHOUGH  |  THURSDAY, 28 AUG 2014
The liquidity requirements of Australian superannuation funds will discourage them from investing in Australian infrastructure, meaning more assets will be bought by foreign investors, IFM Investors has warned. In its submission to the Financial System ...

FoFA legislative changes pass in the House of Reps

LAURA MILLAN  |  THURSDAY, 28 AUG 2014
The House of Representatives has voted in favour of the government's amendments to the Future of Financial Advice (FoFA) legislation. The members of Parliament voted following a long debate where the Coalition outlined its position in favour of the ...

Consumers have no loyalty to financial institutions

MARK SMITH  |  MONDAY, 18 AUG 2014
... small gains in product cross sell since 2010, overall they have not performed well. Reasons for this include lack of incentive for customers to consolidate, competition from specialist providers such as for superannuation and insurance, lack of product ...

CBA dismisses Murray's concerns over vertical integration

LAURA MILLAN  |  THURSDAY, 14 AUG 2014
Commonwealth Bank (CBA) chief executive Ian Narev dismissed concerns expressed by the Financial System Inquiry (FSI) interim report that Australia's big institutions control both the manufacturing and distribution of financial products. "We need to ...

Suncorp CEO rewarded for profit growth

AAP  |  THURSDAY, 14 AUG 2014
Insurance and banking group Suncorp's growing profits have resulted in boss Patrick Snowball being rewarded with one of Australia's largest executive pay cheques. The 64-year-old Englishman took home remuneration worth $9.12 million in the 2013/14 financial ...

Integrate next-gen insurance policies into NDIS

ALEX DUNNIN  |  THURSDAY, 7 AUG 2014
... redesign policy structures and there would need to be a preparedness by government to explore ideas for community rated incentive structures. Sally Phillips, head of underwriting, claims and insurance proposition at Macquarie Life, said, "we should be ...

Bowen supports lump sum status quo

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
There is no evidence to suggest Australians abuse their right to withdraw superannuation as a lump sum, Shadow Treasurer Chris Bowen has said. Addressing delegates at the Financial Services Council conference, the former treasurer said forcing consumers ...

Brogden rejects cross-selling enticement fears

JAMES FERNYHOUGH  |  TUESDAY, 29 JUL 2014
Banks would not legally be able to offer incentives to business bank clients to entice them into their MySuper products, the Financial Services Council has said. The statement came in response to claims from Industry Super Australia that, in the event ...

CBA to fund adviser education and association membership

LAURA MILLAN  |  FRIDAY, 18 JUL 2014
... "if there's any issues with quality of advice or compliance, that will act to immediately stopping any remuneration of incentive arrangements." Read all Financial Standard coverage of the ASIC inquiry and the consequences for CBA here

Telstra offers incentives to switch DB members to accumulation

MARK SMITH  |  THURSDAY, 17 JUL 2014
Telstra has asked for volunteers from its approximately 6,100 employees who are on defined benefit pensions to switch to Telstra Super's accumulation division. "Telstra Super is well positioned to provide the information, education and advice that is ...