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Showing 61 - 70 of 1413 results for "Gap"

PwC chief executives hold too much power: Review

CASSANDRA BALDINI  |  THURSDAY, 28 SEP 2023
Too much power has rested in the hands of PwC chief executives, who are elected in a presidential-style campaign and, other than maintaining popularity, have unchecked authority, an independent review has found. The report by former Telstra boss Ziggy ...

Australia's wealth gap deepens: Report

CHLOE WALKER  |  WEDNESDAY, 27 SEP 2023
The gap between those with the most and those with the least has blown out over the past two decades, with the average wealth of the highest 20% growing at four times the rate of the lowest, new research suggests. A new report by the Australian Council ...

Licensees shun remediation obligations: ASIC

KARREN VERGARA  |  TUESDAY, 26 SEP 2023
Many large licensees are failing to proactively remediate clients in a fair and timely manner, operating under a framework that lacks appropriate oversight and accountability. ASIC measured large licensees against standards in Regulatory Guide 277 Consumer ...

Treasury outlines plans to boost employment

CASSANDRA BALDINI  |  TUESDAY, 26 SEP 2023
... Australians aged 15 to 64 had a 52.2% employment rate compared to 74.6% for non-Indigenous people in the same age group, a 22.4% gap. The partnership will focus on the strengths of Aboriginal and Torres Strait Islander people and community-controlled ...

Younger Aussies want advice but don't know how to get it: CFS

CASSANDRA BALDINI  |  WEDNESDAY, 20 SEP 2023
... said that while the cost remains the most significant barrier for those under 40, there is also an awareness and knowledge gap. "Many younger Australians want advice but don't know where to start," he said. "It is critical that younger Australians who ...

Project to tackle dwindling number of risk advisers

CASSANDRA BALDINI  |  TUESDAY, 19 SEP 2023
... research conducted revealed only a small fraction of advisers are consistently providing risk advice, leaving a significant gap in critical financial planning. "Risk advice is more complex and costly to deliver than ever, with remuneration models that ...

Aussie investors tighten purse strings: Survey

CHLOE WALKER  |  TUESDAY, 19 SEP 2023
... investors (53%) to say that they know how to invest outside of Australia. D'Souza said there's already a known financial gap between both the wages and superannuation savings of women and men. For example, women are more likely to take career ...

Responsible investment AUM drops: RIAA

RACHEL ALEMBAKIS  |  MONDAY, 18 SEP 2023
... years, the total responsible investment AUM declined from $1.542 trillion in 2021 to $1.293 trillion in 2022, a $249 billion gap. At the same time, the total managed funds industry dropped from $3.61 trillion in 2021 to $3.57 trillion in 2022. RIAA attributed ...

Australia sees modest uptick in HNWIs: Study

CHLOE WALKER  |  MONDAY, 18 SEP 2023
... investors want," Praemium chief executive Anthony Wamsteker said. When asked how much they'd be willing to pay to plug this advice gap, on average respondents said $2800. The median answer was just $1000. Wamsteker said platform providers need to continue ...

Young Aussies flock to SMSFs

KARREN VERGARA  |  THURSDAY, 14 SEP 2023
... identify and service the retirement income needs of members," Steele said. SMSFs are making inroads on closing the super gender gap compared to APRA funds. However, there is still a way to go before we achieve parity in super balances, he said. "Interestingly ...