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Showing 101 - 110 of 4237 results for "Poor"

Government introduces FAR, CSLR Bills

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... safeguarding consumers and holding financial institutions accountable for their actions. "When you have lost money due to poor advice or misconduct, you should not be denied compensation simply because the firm that did the wrong thing goes out of business. ...

Claimants tend to be younger women: Research

KARREN VERGARA  |  WEDNESDAY, 8 MAR 2023
... age for women claiming mental illness income protection is age 46. Financial concerns remain the most significant driver of poor mental health, MetLife said, followed by balancing work and home life. More recently, economic worries are driving the poor ...

Expect more greenwashing action: ASIC

RACHEL ALEMBAKIS  |  FRIDAY, 3 MAR 2023
... who invested in shares in the last 12 months said they have declined to invest in something because of the company's poor environmental record." On the subject of climate-related disclosure standards, Longo noted that ASIC is working with Treasury ...

Poor financial literacy worsens underinsurance problem

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
Australia's poor level of financial literacy is potentially making the underinsurance problem worse and puts women further behind, according to MetLife. The life insurer looked at the impact of financial literacy on Australians' financial health ...

ClearView offloads managed investments unit

KARREN VERGARA  |  FRIDAY, 24 FEB 2023
... in the WealthSolutions2 product on the HUB24 platform. "The wealth management business has faced strong headwinds with the poor performance of the segment resulting in a drag on group earnings," ClearView's latest financial reports show. As part ...

Australia leads the way in pension system sustainability: ASFA

ANDREW MCKEAN  |  THURSDAY, 23 FEB 2023
... relatively low and expected to decline from 2.6% to 2.1% of GDP by 2060. Oppositely, many OECD retirement income systems have poor system design, population ageing, and elevated inflation imperilling long-term sustainability. The average OECD government ...

CBA Group Super pursues merger with ART

ANDREW MCKEAN  |  WEDNESDAY, 22 FEB 2023
... retirement." As previously reported by Financial Standard, APRA heatmaps said the bank's MySuper option had significantly poor performance in relation to the benchmark. The fund's total accounts growth rate (three-year average) was also negative ...

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 ...