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Showing 61 - 70 of 755 results for "Compensation"

Macquarie profits boosted by commodities

CASSANDRA BALDINI  |  TUESDAY, 7 FEB 2023
... no material realisations are expected in the March 2023 quarter (4Q23) and from a corporate perspective, the FY23 compensation ratio and effective tax rate are expected to be within the range of historical levels. "We continue to maintain a cautious ...

More DASS complainants flock to AFCA

KARREN VERGARA  |  MONDAY, 6 FEB 2023
... complainants continues to grow as more former clients have come forward to the financial complaints body for potential compensation. The number of complainants has grown by about 100 to 1700 as of 1 February 2023, according to AFCA's latest figures. ...

All financial advice should be tax deductible: FPA

CASSANDRA BALDINI  |  FRIDAY, 3 FEB 2023
... more dependence on personal assets come retirement. The FPA said it broadly supports the decision to implement the Compensation Scheme of Last Resort (CSLR) following the Royal Commission but added the government's proposed model is based on recommendations ...

Government to close child sex abuser loophole in super

ANDREW MCKEAN  |  THURSDAY, 19 JAN 2023
The Australian government is cracking down on child sex abusers hiding their assets in super to avoid paying compensation to victims, opening new consultation. Treasury has released a discussion paper with two proposals to close the loophole denying ...

73% of chief executives predict global economic decline: PwC

ANDREW MCKEAN  |  TUESDAY, 17 JAN 2023
... response to potential disruptions. Meanwhile, chief executives were said to be cutting costs but not headcount or compensation. Over half of chief executives reported reducing operating costs, while 51% reported raising prices. However, 60% of chief ...

Westpac settles BT Super class action

CASSANDRA BALDINI  |  MONDAY, 19 DEC 2022
... Funds Management Limited and Westpac Life Insurance Services Limited. Tens of thousands of Australians may receive compensation following the settlement, which is subject to court approval and negotiated on behalf of customers who had invested their ...

AFCA secures $900m in compensation

CASSANDRA BALDINI  |  MONDAY, 21 NOV 2022
Australians have taken home almost $900 million in compensation and refunds since the ombudsman service opened its doors in November 2018. The Australian Financial Complaints Authority (AFCA) said it's also handled more than 300,000 disputes, an ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
... are all subject to court approval, are expected to result in up to one million customers being eligible to receive compensation for the CCI they were sold. The firm explained many customers were ineligible or unlikely to make a claim because they were ...

Former DASS clients flood AFCA with complaints

JAMIE WILLIAMSON  |  TUESDAY, 8 NOV 2022
... delays. However, the fact that they've made a complaint does mean they will be eligible for restitution under the Compensation Scheme of Last Resort if and when it comes into being. Dixon Advisory went into voluntary administration in January of this ...

Central banks to tighten on all sides: BlackRock

CHLOE WALKER  |  TUESDAY, 1 NOV 2022
... nearly 250 basis points since the start of the year." While investors aren't yet demanding significantly higher compensation, or term premium, for the risk of holding long-term bonds, BII believes that quantitative tightening could push up term premium ...