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Showing 111 - 120 of 4240 results for "Poor"

California to mandate personal finance studies

KARREN VERGARA  |  TUESDAY, 21 FEB 2023
The US state is spending big on financial education and is close to mandating personal finance courses for high school students in a bid to combat financial illiteracy. Assembly Bill 984, introduced by assembly member Kevin McCarty on February 15, would ...

I know it's hard, but it could be harder: Lowe

CASSANDRA BALDINI  |  WEDNESDAY, 15 FEB 2023
... down," he said. Lowe added it's been 30 years since high inflation "eroded savings", worsened inequality and "hurt the poor." "Our job as the country's central bank is to make sure that doesn't happen again," he said. "Part of the way we ...

Put controls in place for super funds: Associations

CASSANDRA BALDINI  |  THURSDAY, 9 FEB 2023
... Commission," an adviser stated. Levy acknowledged industry fears that funds have conflicting interests which could lead to poor consumer outcomes but stressed the proposals do not fundamentally change the advice funds can provide nor the way that advice ...

Super disruptors throw in the towel

KARREN VERGARA  |  THURSDAY, 9 FEB 2023
... members to the first superannuation fund they joined and also made it harder for disruptors to attract new members. "But poor product design didn't help either," Dunnin said. "The median expense ratio for disruptor superannuation products being 1.15% ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
... proposed Good Advice Duty. "The good advice duty isn't nearly good enough. People want access to independent help to avoid poor quality products. This model will entrench the kinds of conflicts that led to the Royal Commission," O'Halloran said. ...

More DASS complainants flock to AFCA

KARREN VERGARA  |  MONDAY, 6 FEB 2023
... investigation of the clients' circumstances before providing the advice, according to ASIC, adding that in some cases, the poor advice resulted in the clients' SMSFs being insufficiently diversified and exposed to risk of capital loss. "Advice ...

APRA outlines 2023 super priorities

CHLOE WALKER  |  THURSDAY, 2 FEB 2023
... stress. Alongside the annual performance test, APRA will also continue to hold trustees to account in addressing drivers of poor product performance via the transparency provided on performance metrics in its MySuper and Choice Heatmaps. It will publish ...

Aussie shares to continue outperformance: Oliver

CHLOE WALKER  |  THURSDAY, 2 FEB 2023
... often-expressed view is that Australian companies are not investing because shareholders want high dividends, and this could be causing poor profit growth & share returns... This is unlikely," he said. "The dividend payout ratio (i.e. dividends relative ...

Norwegian wealth fund reports -14.1% return

JAMIE WILLIAMSON  |  WEDNESDAY, 1 FEB 2023
... return of -14.1% for the year, the fund said it was 0.88 percentage points better than its benchmark index. The fund cited the poor performance of both its equities and fixed income investments, returning -15.3% and -12.1% respectively. Its total real ...

Cold calling advice firms called out

JAMIE WILLIAMSON  |  WEDNESDAY, 1 FEB 2023
The Australian Institute of Superannuation Trustees (AIST) is calling on the government to extend anti-hawking laws to combat financial advice firms using third parties to solicit business through cold calling. Unsolicited calls to consumers about superannuation ...