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Showing 81 - 90 of 4237 results for "Poor"

Equity Trustees, OnePath dominate choice heatmap failure

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
A host of Equity Trustees and OnePath options once again dominated the worst-performing and most expensive Choice products in APRA's newly published heatmap results. Of the 407 options with an eight-year return history APRA analysed, 182 or 45% ...

Adviser complaints rise, super complaints decrease

KARREN VERGARA  |  WEDNESDAY, 19 APR 2023
... statistics show that 145 financial services and insurance companies went bust in the 2022 financial year. Under capitalisation, poor business management, fraud, trading losses, inadequate cashflow or overspending, and poor financial control were the ...

Super fund selection driven by fees: SCA

ANDREW MCKEAN  |  THURSDAY, 13 APR 2023
Australians prioritise fees and charges when choosing a new superannuation fund, according to Super Consumers Australia (SCA) research. SCA's pilot nationwide survey on Australian superannuation trends revealed that 67% of consumers consider fees ...

ASIC warns super funds on member communication failure

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
... changes, trustees should consider from a members' perspective what communication members will receive and when," Press said. Poor member communication was highlighted as an area of improvement in the recently released Your Future, Your Super review ...

Cut spending and raise taxes, super preservation age: Grattan

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... up underwriting future inheritances," the report reads. "Under this change, older Australians who are asset-rich, but cash-poor would not need to sell their homes if they didn't want to. They could draw down against the equity in their home, via the ...

Investor education combats emotions: Experts

ANDREW MCKEAN  |  TUESDAY, 11 APR 2023
Superannuation funds must prioritise members financial interests, guiding emotionally driven investors towards apt solutions for investment success. Brighter Super head of advice Steven O'Donoghue says that members can be driven by emotions in their ...

YFYS recommendations not enough: AIST

JAMIE WILLIAMSON  |  THURSDAY, 6 APR 2023
... be done to ensure members can't be stapled to untested or underperforming funds, and that suggested changes to the letter poor performers must send to members are good but still place the onus on members to make a change. "As recommended by the Productivity ...

Consumer interests prioritised in YFYS review

ANDREW MCKEAN  |  WEDNESDAY, 5 APR 2023
Industry groups have welcomed the Your Future, Your Super (YFYS) review's focus on consumer interests by targeting poor performing super funds. Responding to yesterday's release, Financial Services Council (FSC) commended the government for ...

Jones releases Your Future, Your Super review outcomes

KARREN VERGARA  |  TUESDAY, 4 APR 2023
... the default sorting of products based on fees, which can unintentionally increase the ranking of products with relatively poor investment performance that have temporarily lowered fees. "The performance test will be extended to trustee-directed products ...

Former Octaviar director sees charges dropped

CHLOE WALKER  |  TUESDAY, 4 APR 2023
... was no longer in the public interest to continue with the prosecution given new and compelling medical evidence about the poor state of Anderson's health. Anderson, who was also the chief financial officer of Octaviar, was discharged by the judge. In ...