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Showing 881 - 890 of 3244 results for "Employee"

IOOF compensation bill soars

KARREN VERGARA  |  MONDAY, 26 OCT 2020
... stood at $216.9 million at the end of June 2020, followed by ex-ANZ advice licenses which amounted to $215.8 million. Employee benefits of $69.5 million rounded the final provision of $756.3 million. Compared to 2019, the remediation provision ballooned ...

Morningstar creates chief ratings officer role

KARREN VERGARA  |  FRIDAY, 23 OCT 2020
Morningstar has created a new chief ratings officer position and combined the leadership roles of two research units. From 1 January 2021, two long-serving employees will take on new titles as the Chicago-based firm restructures its investment coverage ...

NAB adds to wealth client remediation

ANNABELLE DICKSON  |  FRIDAY, 23 OCT 2020
National Australia Bank has added to its existing $2 billion bill for customer remediation, upping its provisions for wealth clients ahead of its full year results. The bank has increased its provisions for customer remediation to $266 million after ...

Sam Henderson sentenced

ELIZABETH MCARTHUR  |  TUESDAY, 20 OCT 2020
Sam Henderson has been sentenced in the local court after pleading guilty to three charges of dishonest conduct. Henderson was fined a total of $10,000 and released without any jail time on the condition of good behaviour for two years. The former celebrity ...

Wealth platform adds to board

KANIKA SOOD  |  TUESDAY, 20 OCT 2020
An investment platform for wholesale investors started by former Citi Wealth employees has added the general manager of distribution at Mortgage Choice to its board. David Zammit is joining the board of Stropro, as the one-year-old fintech looks to ...

Super fund chief to retire

JAMIE WILLIAMSON  |  MONDAY, 19 OCT 2020
The long-serving chief executive of an industry superannuation fund has announced their intention to retire. Bill McRobert will depart as chief executive of the Meat Industry Employees' Superannuation Fund (MIESF) in March of next year. The decision ...

APRA advises funds to review ownership structures

ELIZA BAVIN  |  FRIDAY, 16 OCT 2020
... or A successor fund transfer that results in the issue or transfer of shares to a director, employer organisation or employee organisation. APRA said licensees will now be immediately required to identify if there have been any changes since 5 July 2019 ...

Keep spending and investing: Lowe

ELIZA BAVIN  |  THURSDAY, 15 OCT 2020
Australia will have a better economic outcome in the coming months if Australians ensure they keep spending and investing, according to Reserve Bank of Australia (RBA) governor Philip Lowe. Lowe said the nation's recovery will depend on how willing ...

Grow Super founder sentenced in betting scandal

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
The founder of Grow Super has been sentenced, after pleading guilty to gambling with insider information. Appearing yesterday, Joshua Wilson was sentenced in Downing Centre Local Court to 18 months good behaviour. He was not fined or given a custodial ...

Chief economist update: Money buys happiness

BENJAMIN ONG  |  THURSDAY, 15 OCT 2020
Happy consumer makes the economy grow stronger. The result of the latest Westpac-Melbourne Institute consumer sentiment survey disproves the aged-old adage that "money doesn't buy happiness". Australian consumer sentiment surged by 11.9% to a reading ...