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Showing 791 - 800 of 901 results for "Compensation"

PIS to pay $5.9m to Westpoint investors

ASIC RELEASE  |  MONDAY, 2 NOV 2009
The Federal Court of Australia has approved the settlement of an ASIC-initiated compensation claim to PIS clients who were advised to invest in failed Westpoint Group - ordering PIS to pay $5.9 million to these clients. The court approved a distribution ...

Market Wrap - Morning

AAP  |  FRIDAY, 23 OCT 2009
... Treasury Department ordered seven companies that received billions of dollars in government bailouts to halve total compensation for their top executives. At the close of trade, the Dow Jones Industrial Average was up 131.95 points, or 1.33 per cent ...

ASIC targets Brighton in Westpoint swoop

ASIC RELEASE  |  THURSDAY, 8 OCT 2009
... to entering into liquidation in September 2007. ASIC's proposed claim against Brighton Hall will seek to recover compensation in the order of $14 million. However, given Brighton Hall's liquidation, it is anticipated that the funds available to satisfy ...

PIS in Westpoint compensation deal

ASIC RELEASE  |  TUESDAY, 15 SEP 2009
... brought by the corporate watchdog in relation to failed Westpoint investments. The proceeding concerns a claim for compensation relating to financial advice given by PIS to clients to invest in the failed Westpoint Group of companies. The settlement ...

G-20 reasons to be hopeful

BENJAMIN ONG  |  MONDAY, 7 SEP 2009
... other contentious issues like the need to overhaul and set a global standard to bankers' pay structures - "to ensure compensation practices are aligned with long-term value creation and financial stability." Aligning capital requirements to risks activities. ...

Treasury profits down 57pc but positive outlook

MICHAEL HOBBS  |  FRIDAY, 28 AUG 2009
... group said it is managing expenses tightly, noting a 10 per cent fall in staff numbers and cuts to senior management compensation. At the same time, the group's boutiques added more investment staff to their ranks. Mike Fitzpatrick, chair at Treasury ...

Westpoint auditors get just desserts

ASIC RELEASE  |  TUESDAY, 18 AUG 2009
... legal actions including penalties against a variety of parties linked to the collapse. A global mediation of ASIC's compensation actions for the recovery of investor funds is currently underway. A separate action against KPMG, initiated by ASIC, seeks ...

FPA and AFA call for reform

COMPANY RELEASE  |  MONDAY, 10 AUG 2009
... recommendations include clarifying the role of financial planners and advisers and the need to reform retail client compensation. Lifting the entry standards to become a financial planner and adviser is also an issue being argued by the FPA and AFA. ...

ASIC approves Opes Prime settlement

ASIC RELEASE  |  WEDNESDAY, 5 AUG 2009
... claims ASIC had against each of them. ASIC had identified two potential claims. The first was a potential claim for compensation due to an alleged contravention of the managed investment provisions of the Corporations Act (the Act) by Opes Prime and ...

AIA appoints head of group operations

COMPANY RELEASE  |  FRIDAY, 24 JUL 2009
... joined AIA Australia in 2004 bringing with her 10 years of claims management experience across the Life and Workers' Compensation industries. After joining AIA Australia as a claims assessor almost six years ago, Canavan quickly progressed through the ...