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

Search Results

Showing 561 - 570 of 900 results for "Compensation"

Capital raising not total solution: CIFR

DARREN SNYDER  |  THURSDAY, 13 AUG 2015
... capital, more can be done to improve their financial stability. The study says in addition to banks increasing capital, compensation structures for managers should be reformed as well as the structure of company law. The study also recommends more effort ...

ASIC financial services enforcements down 10%

ALEX BURKE  |  THURSDAY, 6 AUG 2015
... industry have decreased by 10% in the first half of 2015, from 90 in the previous six months to 81. Referencing the compensation programs underway at Macquarie and CBA, ASIC noted in its half-yearly enforcement report that it intends to develop a regulatory ...

Fee error forces Ausbil to pay $18m

LAURA MILLAN  |  WEDNESDAY, 5 AUG 2015
... have to remediate the fee error to affected investors and has appointed KPMG as an independent advisor to review the compensation methodology. KPMG will also assess the controls and processes around the compensation arrangements. Ausbil Investment Trusts' ...

Macquarie pays $11m advice compensation so far

LAURA MILLAN  |  THURSDAY, 23 JUL 2015
... that, to 30 June 2015, Macquarie had initiated the review of 648 cases, 74 of which (11.4%) were eligible for total compensation of $5.6 million. The group received 830 additional complaints from clients, 62 of which (7.4%) were eligible for a total ...

Higher US rates will test investors' nerves: QIC

LAURA MILLAN  |  MONDAY, 20 JUL 2015
... deliver higher returns, but will also test investors' nerves, QIC said. QIC is anticipating that the term premium, the compensation required by investors for holding long-term debt, will normalise at around 50 basis points. "We have identified a range ...

More calls for Royal Commission

DARREN SNYDER  |  MONDAY, 13 JUL 2015
... investigated by the company's compliance team and through the ordinary course of their duties. IOOF had paid $2.8 million in compensation to 57 customers of its authorised financial planners during the past two years. As for the Royal Commission, Williams ...

Claims of wrongdoing have no basis: IOOF

DARREN SNYDER  |  TUESDAY, 7 JUL 2015
... advise up to 1,200 financial planners. Kelaher confirmed today's media reports that IOOF had paid $2.8 million in compensation to 57 customers of its authorised financial planners during the past two years. The Senate Economics Committee Scrutiny of ...

GST increase would deliver $42 billion: FSC

DARREN SNYDER  |  MONDAY, 6 JUL 2015
... policy, Andrew Bragg, said Australia's heavy reliance on company and personal taxation must come to an end. "Including compensation for low income earners, a 15% GST with a broader base would deliver $42 billion in additional revenue in 2015-16," Bragg ...

BMO to manage ESG for $53bn NZ funds

DARREN SNYDER  |  TUESDAY, 30 JUN 2015
... provide responsible investment engagement services for New Zealand Superannuation Fund (NZ Super Fund), Accident Compensation Corporation (ACC) and Government Superannuation Fund (GSF). Co-chief executive of BMO Global Asset Management, Barry McInerney ...

Macquarie refunds $5.5m after 13-year system errors

ALEX BURKE  |  WEDNESDAY, 17 JUN 2015
... ASIC, appointing independent consultant Deloitte, to investigate the errors and determine the appropriate levels of compensation for individual clients and ensure these mistakes won't be repeated. The compensation process will begin on June 17. "We welcome ...