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

Search Results

Showing 601 - 610 of 913 results for "Compensation"

CalPERS meetings open to members

ALEX DUNNIN  |  WEDNESDAY, 18 MAR 2015
... corporate governance. The meetings CalPERS make available to members include meetings of the Full Board; the Performance, Compensation & Talent Management Committee; the Finance & Administration Committee; Pension & Health Benefits Committee; Investment ...

Punitive excess contributions tax removed

MARK SMITH  |  MONDAY, 9 MAR 2015
... the excess non-concessional contribution. A 15% tax offset is then passed on to the superannuation fund member as compensation for tax paid on the investment earnings. SMSF Association chief executive and managing director Andrea Slattery was among the ...

Employers must do more to promote ethical culture

MARK SMITH  |  THURSDAY, 5 MAR 2015
... respondents were asked how they would address the problem. One third (31% globally, and 36% in Australia) said that compensation should be better aligned with investor objectives, and 27% (25% in Australia) said that a zero-tolerance policy by management ...

Medcraft addresses ASIC's NAB response

ALEX BURKE  |  THURSDAY, 26 FEB 2015
... Senate Economics Legislation Committee, ASIC chair Greg Medcraft addressed the recent media coverage of NAB Wealth's compensation to its advice clients. "We have started our information gathering from NAB Wealth using our formal legal powers. And the ...

NAB chief executive outlines misconduct policy changes

ALEX BURKE  |  TUESDAY, 24 FEB 2015
... of its advice businesses. Despite the recent revelation that NAB had paid between $10 million and $15 million in compensation to its financial advice clients, Thorburn noted that the bank had a "relatively low" 0.2% complaint ratio. He added that NAB ...

Nationals pressure Treasury for RC into white collar crime

LAURA MILLAN  |  MONDAY, 23 FEB 2015
... Bank and Macquarie Group. Both groups started to work with ASIC to improve their processes and have put in place compensation programs for victims of bad financial advice since then. However, the Committee recommended to set up a Royal Commission to ...

NAB denies failing advice clients

ALEX BURKE  |  MONDAY, 23 FEB 2015
... scrutiny, rather than by NAB's internal processes. Hagger responded that NAB has paid between $10 and $15 million in compensation to clients where the bank "didn't get it right the first time." "We have over 1.7 million customers and clearly we want ...

Ex-ANZ adviser sent to jail over $6m fraud

LAURA MILLAN  |  WEDNESDAY, 11 FEB 2015
... were impacted to date. ANZ has paid $5.715 million to 140 clients with whom it has reached agreement on the payment compensation. ANZ and M3 cooperated with the investigation by the Australian Securities and Investments Commission (ASIC) and also engaged ...

Push to end US Congressional pensions

ALEX DUNNIN  |  FRIDAY, 6 FEB 2015
... many, many times that Members of Congress should be treated more like ordinary American workers when it comes to compensation...and very few people these days get a pension."

Financial services companies owe consumers $15m compensation

LAURA MILLAN  |  MONDAY, 2 FEB 2015
Financial services providers owe consumers about $15 million in unpaid compensation, according to the Financial Ombudsman Service (FOS). The latest edition of The FOS Circular reveals that since January 1, 2010, a total of 26 financial services companies ...