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Showing 81 - 90 of 836 results for "Incentive"

Conflicts of interest risk in funds management still high: ASIC

ANNABELLE DICKSON  |  FRIDAY, 24 SEP 2021
Financial advisers who are vertically integrated or have a financial relationship with fund managers pose a potential risk for conflicts of interest, particularly in relation to costs and managed accounts, new research shows. New research conducted ...

BlackRock warns against reforms based on assumptions

JAMIE WILLIAMSON  |  TUESDAY, 21 SEP 2021
... favour reduced competition, but this isn't the case. BlackRock said: "Fund managers fundamentally don't have an incentive to favour reduced competition in a sector, as this may harm client holdings in other sectors or portfolios, e.g. an airline ...

Hostplus grilled on common ownership, collusion

KARREN VERGARA  |  MONDAY, 20 SEP 2021
... manage," he said. MP Daniel Mulino said while it appears super funds may not be directly engaging in collusion, he asked if incentive structures such as the remuneration of executives exists so as toto reduce competition. "No," Elia said.

Actuaries Institute releases retirement policy review

KANIKA SOOD  |  MONDAY, 23 AUG 2021
Over 200 actuaries provided feedback for a new policy paper from the Actuaries Institute which is recommending a superannuation guarantee rate of 10-12%, earlier access to retirement savings and disincentives for pension lump sums and bequests. Securing ...

Perpetual ups acquisition liability

KARREN VERGARA  |  FRIDAY, 13 AUG 2021
... Barrow Hanley acquisition as it revalues the remuneration paid to staff. The firm originally estimated that the amount of incentive compensation accrued to be $2.1 million. This has jumped to $10.2 million. This is because the methodology used to calculate ...

Praemium appoints chief executive

KANIKA SOOD  |  THURSDAY, 12 AUG 2021
The ASX-listed platform business has announced a permanent chief executive, replacing Michael Ohanessian. Anthony Wamsteker, who was appointed interim chief executive and an executive director in May, will step into the role permanently on August 16. ...

Adrian Whittingham back full-time at Pinnacle

KANIKA SOOD  |  MONDAY, 9 AUG 2021
... affiliates' capabilities. In transitioning to part-time role in December 2020, he was no longer be eligible for incentive plans, and assigned fixed remuneration of $195,000 per year (nearly half of the $400,000 the previous year). He also had to ...

Vanguard incentivises staff to get the jab

KARREN VERGARA  |  FRIDAY, 6 AUG 2021
... US$1000 ($1300) to get vaccinated against COVID-19. A spokesperson said the fund manager has no plans to roll out the incentive for its Australian workers as yet. "While Vanguard strongly encourages staff to get a COVID-19 vaccine when it is available ...

Super, ASIC beneficiaries of advice challenges: Hearing

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... arrangement which most advisers are now operating under has the same conflicts as well," Jacobsen responded. "There's an incentive for an accountant on an hourly rate to do more work." Wilson then asked how advice fees are aligned to clients' ...

BTFM, Asgard Capital fined $3m

KARREN VERGARA  |  MONDAY, 26 JUL 2021
... defendants, and financial services providers generally, from maintaining defective systems, and conversely, providing an incentive to establish and maintain systems that are reliable." He acknowledged the "preparedness of BT and Asgard to make early ...