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

Search Results

Showing 581 - 590 of 935 results for "Compensation"

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 ...

ASIC grilled on whistleblower compensation

LAURA MILLAN  |  MONDAY, 9 NOV 2015
Financial compensation for corporate whistleblowers is back on the agenda after the Senate Economics Committee grilled representatives from the Australian Securities and Investments Commission (ASIC). At the latest Senate Economics Committee hearing ...

Family offices well ahead on gender equality

LAURA MILLAN  |  SUNDAY, 8 NOV 2015
... times more likely to be led by female chief executives than the companies of the S&P500. The 2015 FOX Family Office Compensation and Benefits Report by Family Office Exchange (FOX) shows that 35% of the 112 family offices participating in the global ...

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 ...