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Showing 61 - 70 of 4237 results for "Poor"

ALRC to simplify, restructure advice laws

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
The Australian Law Reform Commission's (ALRC) third and final interim report is proposing to restructure and simplify financial advice regulation after finding the industry is regulated very differently to other financial services sectors. Interim ...

Morrison Securities pays infringement over DTRs

CHLOE WALKER  |  THURSDAY, 22 JUN 2023
... characterised Morrison's conduct as being at the high end of "careless". Although, the MDP did not consider that Morrison had a poor compliance culture overall, it noted that Morrison's conduct indicated that speed of orders to the market was ...

ASIC flags AI regulation remit

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... new and different risks and issues, Longo said. "The point is the fear of missed opportunities cannot be allowed to drive poor decisions, outcomes, or controls. While the potential in this field is enormous, our vigilance must be unwavering. The industry ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... Jones said. "APRA's recent Superannuation Choice Heatmap found one in five choice investment options had significantly poor performance over eight years. Around 30% of products had significantly high administration fees." One-size-fits-all risks ...

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... efficiency, resilience, and fairness. One example of an APRA metric assesses the number of MySuper members in a high-fee, poor-performing super funds. A metric for ASIC will assess the average time it takes to complete an investigation and the time taken ...

SWFs double in size, eye alternatives

JAMIE WILLIAMSON  |  THURSDAY, 15 JUN 2023
The world's sovereign wealth funds (SWFs) have doubled their assets under management in the last decade. Preqin's latest Sovereign Wealth Funds 2023 report shows AUM held by funds now totals US$10.4 trillion, as at March end. Notably, US$4.3 trillion ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
The federal government will scrap a load of administrative burdens and give superannuation funds a larger role in making financial advice more affordable as it announces which out of the 22 Quality of Advice Review recommendations will become a reality ...

SMSFs continue to fly solo

KARREN VERGARA  |  WEDNESDAY, 7 JUN 2023
... the prior quarter. The survey also found that 30% of trustees under the age of 44 self-assessed their financial literacy as poor to average, and nearly half (42%) of female trustees surveyed indicated the same. One in five SMSFs acknowledge that the ...

Active fund outperformance mostly short-lived: SPIVA

ANDREW MCKEAN  |  WEDNESDAY, 31 MAY 2023
... persisted even when the timeframe was extended to five consecutive years. The report also indicated a correlation between poor performance and the future closure of funds. On average, 44% of the worst performing managed funds in the five years ending ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... inconsistent and misleading information about its policies and practices, combined with a history of regulatory non-compliance and poor cooperation with AFCA, led to the matter being referred to ASIC. CFDs and their issuers have faced significant regulatory ...