REMUNERATION

Policy & Regulation

Mortgage Choice has taken its predicted profit hit amid the slowing property market and the uncertainties created by the Royal Commission....

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Financial planning

The Federal Government has committed to a timetable to ending grandfathering and to entertaining life/risk commissions being further reduced....

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Policy & Regulation

The Australian Prudential Regulation Authority has been advised to conduct supervision of remuneration systems and review its current standards and guidance on the matter...

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Financial planning

Westpac has admitted that it did not fully appreciate the underlying risks entailed in running a financial planning business....

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Financial planning

Westpac chief executive, Brian Hartzer has confirmed that senior executives within BT Financial Group suffered significant remuneration consequences for issues raised at ...

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Financial planning

The Financial Services Council has told the Royal Commission that advisers undertake a significant amount of work for clients, justifying their commission payments....

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Financial planning

Westpac chairman, Lindsay Maxsted has admitted the big banking group did not sufficiently recognise the risks in its financial planning business....

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Expert Analysis

With salary packages and bonuses for chief executives hitting almost unheard of levels, ...

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Funds management

Australian firms lag on remuneration and disclosure, according to AXA Investment Managers....

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Policy & Regulation

The Australian Securities and Investments Commission has canvassed its product intervention power being extended to identifying inappropriate remuneration structures....

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Financial planning

While commission-based remuneration of planners is under greater threat in Australia, the New Zealand Government is opting to pursue a transparency approach around advise...

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Policy & Regulation

An Australian Prudential Regulation Authority has found Australia’s major banks, insurers and superannuation funds falling short on executive remuneration practices....

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Accounting

The Commonwealth Bank board may be backing its chief executive, Ian Narev but both he and his senior executive team are being made to take a remuneration haircut....

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Policy & Regulation

A Parliamentary Committee has been told the Future of Financial Advice regime contains too many exemptions to make it effective in removing the sales culture within Austr...

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Life/Risk

The Australian Institute of Superannuation Trustees wants all commissions and other forms of conflicted remuneration for the sale of retail life policies banned....

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