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Showing 111 - 120 of 4424 results for "Poor"

Bragg accuses ASIC of secrecy

ELIZA BAVIN | THURSDAY, 20 FEB 2025

... regard of that." In late 2024 and throughout 2025 so far, ASIC has made several appeals to superannuation trustees to rectify poor claims handling practices. In November 2024, ASIC wrote to super trustees warning them to ensure their claims handling ...

Senate calls to overhaul super fund boards

ELIZA BAVIN | FRIDAY, 14 FEB 2025

The Senate Economics Committee has released its third interim report as part of the inquiry into Australia's retirement system. Senate Economics Committee chair Senator Andrew Bragg said the third report is focused around the "shocking governance ...

Shift needed in retirement income advice: Allianz Retire+

MATTHEW WAI | FRIDAY, 14 FEB 2025

... (psychological attitude to risk) with risk capacity, despite the fact they should be assessed separately," the report said. "Poor - or absent - risk capacity assessments can lead to an investment approach which is either too aggressive, increasing the ...

Advisers must improve public awareness to win Australians' trust: Report

ANDREW MCKEAN | FRIDAY, 14 FEB 2025

Financial advisers will need to improve public awareness to win over millions of Australians, many of whom still don't know what an adviser does or how they add value, according to an intelliflo whitepaper. The emphasis to articulate what a professional ...

Finance workers worry about job displacement from AI, government urged to take action

KARREN VERGARA | WEDNESDAY, 12 FEB 2025

... implementing impact assessments on the introduction of technologies to evaluate the effects on workers. The committee foresees the "poor design, implementation, and use" of AI and ADM in the workplace can pose several risks, and urges the government ...

Most retirees who rent live in poverty: Grattan Institute

ANDREW MCKEAN | MONDAY, 10 FEB 2025

Most retirees who rent live in poverty, including more than three in four single women, and this problem is set to get worse, according to a Grattan Institute report. While the Age Pension provides an adequate, albeit modest income in retirement for ...

Government to scrap advisers' approved qualifications list

KARREN VERGARA | MONDAY, 10 FEB 2025

... Queensland University of Technology, and University of Tasmania - were ditching their approved financial advice courses due to poor enrolment numbers. Jones said the reforms will complement the education requirements for the new class of financial advisers ...

The regulatory pendulum has swung too far: FSC

ANDREW MCKEAN | FRIDAY, 31 JAN 2025

... from the Royal Commission were hastily implemented, saddling the industry and its consumers with the "costly overhang" of poor regulation. As a result, the FSC's most urgent election policy is a call for whichever party forms government to create a "red ...

SMC pushes for DBFO to curb retiree tax bills

JAMIE WILLIAMSON | WEDNESDAY, 29 JAN 2025

... must act to implement the Delivering Better Financial Outcomes (DBFO) reforms. "Not knowing enough about super can lead to poor decisions, like leaving accounts inactive or withdrawing funds without proper planning," she said. "Making simple information ...

Super failures, greenwashing: ASIC's key issues in 2025

ELIZA BAVIN | TUESDAY, 28 JAN 2025

... superannuation members being let down by their fund and trustee and identified issues which undermine market confidence and lead to poor investment decisions, amongst other things. On the growth of private markets, ASIC said it will be leading discussions ...

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Australian Unity to shed 195 roles

MATTHEW WAI

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

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

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

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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