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

Search Results

Showing 81 - 90 of 489 results for "Bonus"

ASIC takes action against Equiti

KARREN VERGARA  |  FRIDAY, 21 MAY 2021
... Equiti FS's parent company Equiti Group. The group also had a mortgage broking business Equiti Finance. ASIC alleges that the bonus payments influenced the financial product advice provided or the choice of financial product recommended by Equiti FS ...

QSuper makes changes ahead of merger

ELIZABETH MCARTHUR  |  THURSDAY, 13 MAY 2021
... protection payment reduced by any workers compensation benefit that is paid at the same time. A graduated return to work bonus lump sum payment is being removed. This feature was an optional payment under the policy. From 1 July the removal of this bonus ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 10 MAY 2021
Wall Street benchmark equity indices closed on the up and up on May 7 - the Dow and the S&P 500 index even rallied new record highs -- the same day the US Bureau of Labor Statistics (BLS) revealed disappointing labour market stats. The US economy added ...

Proxy advisers under scrutiny

ELIZABETH MCARTHUR  |  MONDAY, 3 MAY 2021
... should be on the table about how decisions that impact people's lives are made." Ownership Matters recommended voting against bonus arrangements for Reed when he was chief executive of MYOB in 2018. Former chief executive of explosives manufacturer Orica ...

Disability income faces reckoning

KARREN VERGARA  |  FRIDAY, 30 APR 2021
The former chief executive of TAL has slammed life insurers' ineptitude in managing disability income products, invoking the industry to come together and find a solution by the end of the year. Speaking at the 2021 Actuaries Summit on Wednesday ...

Credit Suisse confirms multibillion-dollar loss

JAMIE WILLIAMSON  |  WEDNESDAY, 7 APR 2021
Credit Suisse has announced the departure of several senior staff members while confirming a $6.13 billion loss, reportedly linked to the collapse of family office Archegos Capital. Credit Suisse said it expects to incur a pre-tax Q1 loss of $1.25 billion ...

Pahari's pay packet revealed

ELIZA BAVIN  |  THURSDAY, 11 MAR 2021
AMP has reported the extent of the remuneration awarded to former AMP Capital boss Boe Pahari in the 53 days he led the business. As outlined in AMP's annual report, Pahari was paid $376,000 in cash payments. While he was not entitled to a short-term ...

ISA calls SG increase delay a tax grab

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 JAN 2021
Industry Super Australia says a failure to make the planned increase of the super guarantee to 12% compulsory is a "tax grab" by the government. According to ISA, making the increase to 12% optional will result in the average Australian family paying ...

Finance sector has largest pay gap

ELIZABETH MCARTHUR  |  FRIDAY, 27 NOV 2020
The financial services sector has taken the inauspicious title of being the industry with the largest gender pay gap. According to the Finance Sector Union (FSU), COVID-19 has had a disproportionate event effect on women, causing a "pink recession". ...

Kogan execs chase big bonuses

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
Online retailer Kogan, which has recently expanded into superannuation, has faced shareholder revolt over the bonuses it wants to pay its executives. Kogan was one of the few businesses to relatively benefit from COVID-19, thanks to an uptick in online ...