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Showing 91 - 100 of 4424 results for "Poor"

Macquarie reprimanded again for derivatives compliance failures

KARREN VERGARA | WEDNESDAY, 7 MAY 2025

... decade, ASIC said, forcing it to impose licence conditions on Macquarie. Macquarie's "control weaknesses" ranged from poor change management practices, unclear roles and responsibilities, and an incomplete understanding of its own processes and controls ...

Datt Capital sets in motion Koonenberry Gold board spill

KARREN VERGARA | TUESDAY, 29 APR 2025

... 30-day volume-weighted average share price metric. "The board's new proposal departs from past practice and represents poor governance. Our proposed board candidates have the skills and proven track record to build and maximise value for all shareholders," ...

AFCA highlights 'pattern of delays' in super

ELIZA BAVIN | TUESDAY, 29 APR 2025

... which relied on external third parties to manage its complaints function. This structure increased delays and contributed to poor customer experiences," AFCA said. AFCA said the unnamed fund committed to undertaking a review of its complaints reporting ...

Federal Court hammers defunct advice firm with $11m penalty

ANDREW MCKEAN | MONDAY, 28 APR 2025

... advising on SMSFs. "In this case the Court found bonuses paid to advisers influenced the advice they provided, resulting in poor financial outcomes for the consumers involved," Court said. "Financial services licensees who employ advisers to provide ...

Spender criticises Labor's 'lack of urgency' on advice reforms

ELIZA BAVIN | THURSDAY, 17 APR 2025

... the Assistant Treasurer on this issue. [The CSLR] is there for a good reason; to compensate losses incurred by clients of poor financial advice. "However, this is the textbook case of moral hazard that has ballooning costs and disproportionately affects ...

Paying more fees doesn't speed up superannuation death benefit payouts

ANDREW MCKEAN | THURSDAY, 10 APR 2025

... of navigating with a complicated process while mourning, and "denied access to money they're entitled too," some suggested poor service standards are a consequence of super fund's fees being slashed to the bone. It's been mooted that years of policy-driven ...

Members press super funds for sustainable investments

MATTHEW WAI | FRIDAY, 4 APR 2025

... never have a 10 out of 10 over it... That's the case with founder-led companies and WiseTech is not the only example of poor governance." Meanwhile, Sawtell-Rickson said political developments can infuse into the shifting investment decisions among ...

CSLR costs driven by poor advice: AFCA

ELIZA BAVIN | TUESDAY, 1 APR 2025

... Financial Complaints Authority (AFCA) lead ombudsman, investments and advice Shail Singh has told financial advisers that poor practices are the main contributor to the soaring costs of the Compensation Scheme of Last Resort (CSLR). "It's important to ...

Not one trustee tracked end-to-end claims handling times: ASIC

ANDREW MCKEAN | MONDAY, 31 MAR 2025

... Hostplus, NM Super (AMP), Nulis (MLC), Rest, and UniSuper, found widespread failures. ASIC found examples of excessive delays and poor service, gaps in trustee data and reporting, and inconsistencies in some trustees' processes and procedures. ASIC also ...

ASIC told to 'end the chaos' of ASX CHESS issues

ELIZA BAVIN | FRIDAY, 28 MAR 2025

The House of Representatives Standing Committee on Economics has released its final report on its reviews into ASIC. Committee chair Daniel Mulino MP said the report covered key issues relating to how the regulator deals with complaints and how it executes ...

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Australian Unity to shed 195 roles

MATTHEW WAI | 12:42PM

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI | 12:34PM

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI | 12:17PM

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA | 12:29PM

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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