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

Search Results

Showing 771 - 780 of 937 results for "Compensation"

Investors in line for Fincorp payout

MATT WOODINGTON  |  THURSDAY, 24 MAR 2011
... their losses from Fincorp Investments, after the Federal Court of Australia authorised the release of details of the compensation scheme. A proposed multi-million dollar settlement that will include holders of unsecured debt has been negotiated between ...

UBS wealth mgmt to review compliance

ELISE BURGESS  |  FRIDAY, 18 MAR 2011
... flaws in the production of statement of advice. Tony D'Aloisio, ASIC chairman, said the EU should allow for quick compensation for any UBS WMA clients who suffered any losses while giving UBS WMA a timeframe to rectify its advice business. "It sends ...

ASIC clampdown on poor business models in advice

ELISE BURGESS  |  MONDAY, 14 MAR 2011
... inform clients about their IDR processes, explain how to make a complaint, promptly assess the complaint and pay compensation," said ASIC. Advisers who are found to have provided inappropriate advice may also be banned. Greg Miller, general manager of ...

ASIC slaps seven-year ban on planner

ELISE BURGESS  |  FRIDAY, 11 MAR 2011
... making statements or forecasts that were misleading, false or deceptive. CFP has already established a major client compensation program, calculating the alternative investment positions clients would currently hold if they had received appropriate advice ...

Advisers must deliver alpha

ALEX DUNNIN  |  WEDNESDAY, 23 FEB 2011
... rather than by efforts to beat the market. "Demonstrating value for advisers will become increasingly important as the compensation structure evolves from a transaction-based [commission] system to a fee-based, asset management framework," said Kinniry. ...

Poor advice fine to reach $200k

ELISE BURGESS  |  MONDAY, 21 FEB 2011
... $200,000 if the adviser is found guilty of reckless behaviour. The new law would also open the door for court-awarded compensation to be paid from the adviser to the client, a resolution that is currently not available to the public. If the new legislation ...

ASIC strikes $67.45m in Westpoint settlement

MATT WOODINGTON  |  WEDNESDAY, 2 FEB 2011
... (ASIC) has reached a settlement agreement, handing investors in the Westpoint Group an additional $67.45 million in compensation. The latest stage of the litigation process was carried out on behalf of the Westpoint Group of companies against some of ...

Ponzi scheme operator jailed

ELISE BURGESS  |  FRIDAY, 28 JAN 2011
... worth $141,800. Bucello will serve a minimum of two and a half years in prison and ordered to repay $1,207,537 in compensation to the investors. Australian Securities and Investments Commission (ASIC) found that Bucello received over $2.5 million in ...

AIG sells Nan Shan stake

MEDIA RELEASE  |  TUESDAY, 25 JAN 2011
... agents, according to an AIG statement. For example, the agreement specifies that the new owner maintain existing compensation and benefits package for employees and retain the existing organisational and commission structure. Ruen Chen has also expressed ...

Bell Potter faces $22m class action

ELISE BURGESS  |  FRIDAY, 3 DEC 2010
... and were then used by brokers to promote the stock to the firm's clients," said Moulis. The class action is seeking compensation for share trading losses, legal costs and interest resulting from the alleged actions. Bell Potter Securities declined to ...