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| | | ... including bonuses linked to customer satisfaction and shareholder returns. CBA head of wealth management Annabel Spring's remuneration was up 8%, to $3.2 million, for the year to June 2014. Whish-Wilson said that the bank's executives "have not passed ... |
| | | | ... 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 year, on par with the heads the country's largest banks and miners. That was ... |
| | | | ... not quite as bullish, 60% do share their optimism," Frontier said. The two groups did agree on the issue of manager remuneration, with around one third of both groups believing managers should be primarily remunerated on performance -with the managers ... |
| | | | ... investors, and the collective engagement services used by them, are encouraged to broaden the scope of engagement beyond remuneration and board composition to cover relevant long-term strategic issues, including investment risk, many of which may be ... |
| | | | ... that the cases of bad advice within the banks advice businesses triggered a transformation in business structure and remuneration systems. "The business that we read in the press is not the business that we have today," Perkovic argued. "We tried to ... |
| | | | ... recurring payments and payments for recommending a single financial product or commissions are considered conflicted remuneration. Other types of payments such as performance bonuses and balanced scorecards are still permitted in general advice. From ... |
| | | | ... requirements (from PUP) could be housed in a SOA by modification and gives support to the argument that conflicted remuneration be removed. This is a great result for planners and consumers." The Association of Financial Advisers (AFA) agreed and said ... |
| | | | ... being able to access advice that helps them meet their financial needs is undermined by the existence of conflicted remuneration structures in financial advice," the report said. "Improving the standards of adviser competence and removing the impact ... |
| | | | ... "We had to recruit new people to the business, advisers and management," Perkovic said. Today, a balanced scorecard remuneration model values ongoing advice reviews, upfront advice, customer satisfaction and compliance. CBA has so far spent $25 million ... |
| | | | ... bad advice. "We're confident that it won't be material from a shareholder perspective," he said. Narev said that remuneration methods in the bank's planning businesses have changed and now take into consideration "ethical and proper behaviour and customer ... |
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