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Showing 101 - 110 of 4241 results for "Poor"

Wealth managers bracing for compensation claims

CASSANDRA BALDINI  |  WEDNESDAY, 15 MAR 2023
... wealth managers fear they will face compensation claims over their advice and particularly worrying that it will focus on a poor understanding of client risk profiles," she explained. "We would urge them to act now and get ahead of any changes in reg ...

First Super awards ESG mandate

RACHEL ALEMBAKIS  |  FRIDAY, 10 MAR 2023
... billion on behalf of 47,000 members. By prioritising companies with sound labour practices and screening out companies with poor records, the portfolio seeks to generate long-term returns while managing social factors risk. This bespoke strategy is designed ...

ASIC issues more interim stop orders

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
Deficiencies in its target market determination (TMD) have seen interim stop orders placed on Interactive Brokers Australia. ASIC initiated the temporary suspension, valid for 21 days, to prohibit Interactive Brokers from offering, issuing, or giving ...

FPA voices concern on proposed CSLR, FAR laws

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
... CSLR will promote trust in financial advice among consumers - by ensuring that if retail consumers have lost money due to poor advice, there is a compensation mechanism available," FPA chief executive Sarah Abood said. However, the legislation for the ...

Government introduces FAR, CSLR Bills

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... safeguarding consumers and holding financial institutions accountable for their actions. "When you have lost money due to poor advice or misconduct, you should not be denied compensation simply because the firm that did the wrong thing goes out of business. ...

Claimants tend to be younger women: Research

KARREN VERGARA  |  WEDNESDAY, 8 MAR 2023
... age for women claiming mental illness income protection is age 46. Financial concerns remain the most significant driver of poor mental health, MetLife said, followed by balancing work and home life. More recently, economic worries are driving the poor ...

Expect more greenwashing action: ASIC

RACHEL ALEMBAKIS  |  FRIDAY, 3 MAR 2023
... who invested in shares in the last 12 months said they have declined to invest in something because of the company's poor environmental record." On the subject of climate-related disclosure standards, Longo noted that ASIC is working with Treasury ...

Poor financial literacy worsens underinsurance problem

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
Australia's poor level of financial literacy is potentially making the underinsurance problem worse and puts women further behind, according to MetLife. The life insurer looked at the impact of financial literacy on Australians' financial health ...

ClearView offloads managed investments unit

KARREN VERGARA  |  FRIDAY, 24 FEB 2023
... in the WealthSolutions2 product on the HUB24 platform. "The wealth management business has faced strong headwinds with the poor performance of the segment resulting in a drag on group earnings," ClearView's latest financial reports show. As part ...

Australia leads the way in pension system sustainability: ASFA

ANDREW MCKEAN  |  THURSDAY, 23 FEB 2023
... relatively low and expected to decline from 2.6% to 2.1% of GDP by 2060. Oppositely, many OECD retirement income systems have poor system design, population ageing, and elevated inflation imperilling long-term sustainability. The average OECD government ...