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Showing 71 - 80 of 489 results for "Bonus"

Shareholders reject Westpac remuneration report

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
Disgruntled Westpac shareholders rejected the remuneration report at the bank's annual general meeting yesterday. Twenty-nine percent of shareholders voted down adopting the remuneration report, marking the first strike. Should 25% or more shareholders ...

Pensioners could solve skills shortage

KARREN VERGARA  |  WEDNESDAY, 8 DEC 2021
... the federal government to look at the semi-retired population to fill the nation's skills shortage gap. Under the Work Bonus, a pensioner can earn an average of $480 per fortnight or $12,840 per year before their payments are reduced, at an effective ...

Magellan chief executive resigns

ELIZABETH MCARTHUR  |  TUESDAY, 7 DEC 2021
... Mackay and Douglass would go on to become colleagues at Schroders. Cairns was paid a $1.54 million base salary and a $772,500 bonus for his role as chief executive of the fund manager in FY2021. According to Magellan's most recent annual report ...

MLC to face court over insurance failures

JAMIE WILLIAMSON  |  FRIDAY, 19 NOV 2021
... ASIC alleges that from 1999 to November 2020, MLC failed to pay a life insurance benefit known as a 'rehabilitation bonus benefit' to 297 eligible customers. It also failed to update its definition for severe rheumatoid arthritis in a timely ...

Unlisted asset valuation processes largely inadequate: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 27 OCT 2021
... and committees should occur independently of investment decision-makers. There is a potential conflict where performance, bonus and/or remuneration of investment staff is dependent on the performance of a portfolio or components of a portfolio," APRA ...

APRA outlines remuneration standard

ANNABELLE DICKSON  |  FRIDAY, 27 AUG 2021
... its final standard for remuneration across superannuation, banking and insurance which could see individuals lose their bonus in the event of poor risk conduct. Cross-industry Prudential Standard CPS 511 Remuneration (CPS 511) has been released in an ...

Fiducian's FUA inches to $4bn

KARREN VERGARA  |  MONDAY, 16 AUG 2021
... directors of the fund received bonuses tied to the performance of the group, as well as KPIs. One director received $20,000 as a bonus. Earlier in the session, big super funds like Aware Super rewarded its chief investment officer with $250,000 bonus ...

Booming market for financial services jobs

ELIZABETH MCARTHUR  |  TUESDAY, 10 AUG 2021
According to Kaizen Recruitment, which specialises in financial services, lockdowns have not cooled a hot job market for finance professionals. The recruitment firm said positive momentum from the first quarter of 2021 only accelerated into the second ...

Aware questioned on bonuses

ELIZABETH MCARTHUR  |  THURSDAY, 8 JUL 2021
... investment officer Damien Graham what bonuses they were paid in the most recent financial year. Graham revealed he was paid a bonus of $470,000 and Stewart said her bonus was $250,000. According to the Australian Financial Review, in financial year 2019 ...

Funds grilled despite record returns

ELIZABETH MCARTHUR  |  THURSDAY, 8 JUL 2021
AustralianSuper and Cbus faced an extremely hostile questioning from the House of Representatives Standing Committee on Economics, which at times devolved to committee members yelling over one another. AustralianSuper chief executive Ian Silk and Cbus ...